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Articles ( Showing 1-20 of 18 items)
Searched for: [ Keywords: "China" ] clear all
Open Access Journal Article
How Does Digitization Affect Sports Industry Development and Public Health?
by Ume Lailag  and  Wenxin Chen
Abstract
Speeding up digital development and building "digital China" is an important strategic deployment of the "14th Five-Year Plan" and a concrete measure to promote the high-quality development of China's sports industry and national health. Based on provincial data in China from 2011 to 2019, an empirical model is used to analyze the relationship between digital construction, spor [...] Read more

Open Access Journal Article
Aggregate Investor Sentiment and Time-Varying Price Discovery: Evidence from the Options Market
by Yaping Zhou  and  Dayong Lv
Abstract
Previous literature shows that the price-discovery ability of options market varies substantially over time. Using data of Shanghai Stock Exchange 50 exchange-traded fund options, this paper shows that options prices contribute relatively less to price discovery during low-sentiment periods, but the price-discovery ability of options market remains unchanged during high-sentime [...] Read more
Hit Affiliation:
Antai College of Economics and Management, Shanghai Jiao Tong University, Shanghai, China
School of Financial Technology, Shanghai Lixin University of Accounting and Finance, Shanghai, China

Open Access Journal Article
The impact of digital economy development on local fiscal revenue efficiency
by Haixiang Xiao  and  Jiayi Liu
Abstract
The vigorous development of the digital economy has brought new opportunities and challenges to the construction of local fiscal revenue efficiency. Based on the panel data from 2011 to 2020, this paper uses the fixed effect model, instrumental variable method and other empirical studies to investigate the impact of the development of the digital economy on the efficiency of lo [...] Read more
Hit Affiliation:
School of Economics and Trade, Hunan University, Changsha, China

Open Access Journal Article
Spatial dynamic evolution of environmental infrastructure governance in China
by Ke Guo
Abstract
The implementation of environmental protection strategy necessarily requires mapping the amount of capital stock of environmental infrastructure. Through the Weibull distribution function and hyperbolic age-decreasing efficiency model, the provincial environmental infrastructure capital stock in China from 1980 to 2018 is measured cautiously, and its spatial dynamics with the g [...] Read more
Hit Affiliation:
School of Public Policy and Administration, Chongqing University, Chongqing, China

Open Access Journal Article
How Does FDI-Led Growth Strategy Work? Some Lessons from China for Developing Countries
by Kevin H. Zhang
Abstract
Foreign direct investment (FDI) is widely viewed as a key driving force behind China’s exceptional growth performance in the last four decades. This paper investigates several questions posed by China’s success in capturing gains from FDI. What explains that success? Can other countries replicate it, or is it unique to China? What lessons are from China for other co [...] Read more

Open Access Journal Article
Impact of Carbon Emission Trading Market on Regional Urbanization: an Empirical Study Based on a Difference-In-Differences Model
by Haoyuan Cheng , Xiaoqian Liu  and  Zhenlong Xu
Abstract
China's carbon emission trading market has been formally established, but few studies have been conducted to analyze the impact of this policy on the regional urbanization level. Therefore, this paper evaluates whether the carbon trading pilot policy can enhance the regional urbanization level in China through the difference-in-differences method and analyzes the mediating role [...] Read more
Hit Affiliation:
Institute of Western China Economic Research, Southwestern University of Finance and Economics, Chengdu, China
Research Institute of Economics and Management, Southwestern University of Finance and Economics, Chengdu, China

Open Access Journal Article
Divergences among ESG rating systems: Evidence from financial indexes
by Conghao Zhu  and  Cunyi Yang
Abstract
This paper specifically underscores the disparities among various ESG rating systems in China, highlighting their varied interpretations and emphasis on corporate financial factors. Analyzing data on Chinese listed firms from 2009-2022, we observe that while company size and leverage ratio uniformly correlate with ESG scores across rating agencies such as Bloomberg, Huazheng, W [...] Read more
Hit Affiliation:
International Business School, Tianjin Foreign Studies University, Tianjin, China
Lingnan College, Sun Yat-Sen University, Guangzhou, China

Open Access Journal Article
The Impact of COVID-19 on Women’s Employment: Evidence from China
by Dong Zhou , Langchuan Peng  and  Shouer Chen
Abstract
This paper investigates the impacts of COVID-19 on women’s employment and gender disparity with a longitudinal dataset spanning the pandemic. We exploit the regional intensities of social vulnerability and temporal variation to implement the difference-in-differences (DID) estimation. The results indicate that the pandemic and its associated lockdowns generate a significa [...] Read more
Hit Affiliation:
Department of Cultural Industry and Management, Shanghai Jiao Tong University, Shanghai, China
Institute of Economics and Finance, Nanjing Audit University, Nanjing, China

Open Access Journal Article
Carbon emissions trading price forecasts by multi-perspective fusion
by Chong Zhang  and  Zhiying Feng
Abstract
The precise prediction of carbon emissions trading prices is the foundation for the stable and sustainable development of the carbon financial market. In recent years, influenced by a combination of factors such as the pandemic, trading regulations, and policies, carbon prices have exhibited strong random volatility and clear non-stationary characteristics. Traditional single-p [...] Read more
Hit Affiliation:
Business School, Nanjing University, Nanjing, China

Open Access Journal Article
Which Component of Deposit Drives Systemic Risk Volatility
by Yunying Huang  and  Kenichiro Soyano
Abstract
Bank deposit is closely related to systemic risks. In addition, considering that resident deposits in China have significant seasonal characteristics, this paper focuses on which component of deposits drives the systemic risk volatility, that is, it can supplement the existing forecast information. We use X-13ARIMA-SEATS to decompose deposit into three subsequences. The researc [...] Read more
Hit Affiliation:
College of Economics, Jinan University, Guangzhou, China

Open Access Journal Article
Modeling the Potential Impact of Government Regulation on Cryptocurrency Prices
by Kylie LoPiccolo  and  Francis Parisi
Abstract
Cryptocurrencies have gained popularity over the past five to six years. Most recently, events like the FTX bankruptcy fueled the interest in regulation. Moreover, it is possible that the FTX event disrupting the cryptocurrency market was a factor in Silicon Valley Bank's failure. While several countries consider regulation, from soft regulation, like Japan, to more rigid stand [...] Read more

Open Access Journal Article
Existing Population Aging Rate may no longer be a Good Statistical Indicator
by Shuaishuai Jia  and  Xuemei Hu
Abstract
In the statistical standard of population aging adopted by the United Nations in 1956, the UN only focused on age, which is no longer a good statistical indicator in the context of deepening global population aging. To some extent, population aging is also the embodiment of social progress. This paper suggests improving the existing statistical standards of population aging to [...] Read more
Hit Affiliation:
Guangzhou Institute of International Finance, Guangzhou University, Guangzhou, China
International Statistical Information Center, National Bureau of Statistics, Beijing, China

Open Access Journal Article
Protection in DRM and pricing strategies for digital products considering quality degradation
by Linlan Zhang  and  Yu Zhang
Abstract
In this paper, we develop a model in which a monopolistic firm manufactures and sells a digital product, by incorporating digital rights management (DRM), quality degradation of pirated products, and government copyright enforcement into the consumer’s utility function. We determine the monopolist’s optimal pricing strategies and the appropriate DRM protection level [...] Read more
Hit Affiliation:
School of Business, Hubei University, Wuhan, China

Open Access Journal Article
How do R&D factors affect total factor productivity: based on stochastic frontier analysis method
by Shikuan Zhao , Wen Tian  and  Abd Alwahed Dagestani
Abstract
Based on provincial panel data from 1998-2018, this paper estimates research and development (R&D) factors, and a stochastic frontier analysis (SFA) model is constructed to examine the effects of R&D factors on regional total factor productivity (TFP). The results show that both R&D capital stock and R&D personnel can significantly promote regional TFP, but the [...] Read more
Hit Affiliation:
School of Public Policy and Administration, Chongqing University, Chongqing, China
Institute of Finance and Economics, Shanghai University of Finance and Economics, Shanghai, China
School of Business, Central South University, Changsha, China

Open Access Journal Article
Are greener RTAs reducing “dirty” exports?
by Li Cao , Dahai Fu  and  Ying Zhang
Abstract
We examine the impact of environmental provisions in regional trade agreements (RTAs) on the environmentally harmful exports. Results show that environmental clauses in RTAs help reduce “dirty” exports, whereas RTA depth promotes exports. The exporting country may divert its polluting exports to its trading partner if it faces more environmental provisions with othe [...] Read more
Hit Affiliation:
School of International Trade and Economics, Central University of Finance and Economics, Beijing, China
Institute of Economics, Chinese Academy of Social Sciences, Beijing, China

Open Access Journal Article
The Impact of RCEP on Dual Circulation and Greater Bay Area — From the Perspective of China’s Stock Market Conditions
by Bin Mo  and  He Nie
Abstract
With the daily data from Nov 20, 2019 to Oct 31, 2022, this paper examines the dynamic nonlinear effects of RCEP on Dual Circulation and Greater Bay Area stock market from a quantile perspective. The rolling window quantile regressions detect the positive effects of RCEP on Dual Circulation and Greater Bay Area stock markets with significant time-varying characteristics. Meanwh [...] Read more
Hit Affiliation:
Guangzhou Institute of International Finance, Guangzhou University, Guangzhou, China

Open Access Journal Article
Analysis of Stock Market Information Leakage by RDD
by Jianing Zhu  and  Cunyi Yang
Abstract
Information leakage in the stock market has been widely proven. Information disclosure is sometimes uneven, and there is significant information asymmetry between ordinary investors and professional institutional investors. In this paper, Regression Discontinuity design (RDD) model is first employed to analyze the information leakage issues. Based on the daily closing stock pri [...] Read more
Hit Affiliation:
Lingnan College, Sun Yat-Sen University, Guangzhou, China

Open Access Journal Article
Can Education Reduce or Mitigate Discrimination? An Investigation on Earnings of PhD Recipients in the US
by Wei-Chiao Huang , Qing Zang  and  Daxue Kan
Abstract
Spence’s signaling model (Spence, 1973) suggests that education can signal workers’ unobserved ability to employers thereby mitigating discrimination. There have been several studies concerning education’s impact on labor market discrimination against minority or disadvantaged groups. Our approach in this inquiry is unique in that we utilize the data of PhD re [...] Read more
Hit Affiliation:
Nanchang Institute of Technology, China