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Window Dressing in the Public Sector: Evidence from China’s Compulsory Education Promotion Program

Hanming Fang, Chang Liu, Li-An Zhou, Nov 15, 2023

We document public-sector window dressing behavior in China’s Compulsory Education Promotion Program during the 1990s. Window-dressing behavior has been well-documented in various organizations when an agent faces high-stakes incentives.

What Gets Measured Gets Managed: Investment and the Cost of Capital

Zhiguo He, Guanmin Liao, Baolian Wang, Aug 09, 2023

To improve capital allocative efficiency, starting in 2010, Chinese regulators switched from using return on equity to economic value added (EVA).

Trade Policy Uncertainty and New Firm Entry: Evidence from China

Chuantao Cui, Leona Shao Zhi Li, Sep 20, 2023

Exploiting China’s WTO accession as a quasi-natural experiment, this study finds that reduced trade policy uncertainty (TPU) in a major destination market promotes domestic entrepreneurial activities in China

Social Media Engagement Increases Government Action, Decreases Pollution

Mark Buntaine, Michael Greenstone, Guojun He, Mengdi Liu, Shaoda Wang, Bing Zhang, Dec 14, 2022

In China, citizen participation in environmental governance via social media could significantly improve regulatory effort, leading to substantial environmental benefits.

Microgiving with Digital Platforms

Xiheng Jiang, Jianwei Xing, Jintao Xu, Eric Zou, Nov 30, 2022

“Microgiving,” a new model of fundraising made possible by digital technologies, is premised on the notion that charities can raise substantial funds by soliciting minuscule donations from many individuals.