The Externalities of ESG Disclosure
Yi Jiang, Ya Kang, Hao Liang, Jul 24,
2024
This article discusses that China's mandatory Environmental, Social, and Governance (ESG) disclosure policies have led firms to increase their donations for poverty alleviation, yet paradoxically have also resulted in higher pollution levels, thereby highlighting the potential environmental negative externalities that can arise from the government's mild steering of corporate behavior through disclosure mandates.
Destination-Specific Export Expansions and Their Impact on Education and Long-Term Outcomes in China
Junsen Zhang, Kang Zhou, Jul 17,
2024
This article discusses that export expansions to wealthy countries significantly increased high school enrollment rates in specific regions and among certain groups in China, but this impact did not translate into an increased prevalence of higher education. Instead, it had long-term effects on employment and fertility outcomes for the affected cohorts.
Horizon Risk in Rental Housing: Evidence from a PropTech Rental Platform
Jiayin Hu, Maggie R. Hu, Shangchen Li, Yingguang Zhang, Zheng Zhang, Jul 10,
2024
This article discussing that landlords in areas with faster housing price growth tend to offer shorter-term contracts and are less likely to renew expired contracts.
Financial Reporting and Disclosure Practices in China
Hai Lu, Jee-Eun Shin, Mingyue Zhang, Jul 04,
2024
This article discussing that Chinese firms tend to emphasize the stability of financial performance in their reports. In contrast to U.S. firms, their financial disclosures are significantly swayed by non-shareholder stakeholders and do not leverage voluntary disclosures to mitigate capital costs.
Anatomy of the CNH-CNY Peg: The Crucial Role of Liquidity Policies
Saleem Bahaj, Ricardo Reis, Jun 26,
2024
This article discussing the changes in the exchange rate between the offshore yuan (CNH) and onshore yuan (CNY) help stabilize the CNY-US dollar exchange rate, but they also pose challenges to China's capital controls.
Sharing the Entrepreneurial Wealth?
Josh Lerner, Junxi Liu, Jacob Moscona, David Yang, Jun 12,
2024
This article discussing the emergence of China in the field of innovation and entrepreneurship is reshaping the global entrepreneurial landscape, paving novel ways for achieving a broader wealth sharing.
English Language Requirements and Educational Inequality in China
Hongbin Li, Lingsheng Meng, Kai Mu, Shaoda Wang, May 29,
2024
The introduction of the English listening test in the NCEE has exacerbated educational inequality between urban and rural areas in China, thereby affecting the college admission prospects and future income of rural students.
Learning by Investing: entrepreneurial spillovers from venture capital
Josh Lerner, Jinlin Li, Tong Liu, May 22,
2024
The experience gained by individual investors from participating in venture capital funds significantly enhances their entrepreneurial capabilities in the high-tech sector.