International Review of Economics & Finance最新文献_第4页

Corrigendum to “Disappearing bank Branches: Evidence from China household finance survey” [International Review of Economics & Finance volume 98 (2025) 103873]

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-04-01 DOI: 10.1016/j.iref.2025.104038

Qi Wang , Ming Liu , Kai Xie

引用次数: 0

The impact of global value chain embeddedness on the innovation of high-tech enterprises

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-04-01 DOI: 10.1016/j.iref.2025.104095

Zhen Zeng , Jiqin Han , Jintao Zhan , Yigen Wu , Liangzhu Sun

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Regional financial regulatory intensity and corporate capital misallocation

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-03-29 DOI: 10.1016/j.iref.2025.104075

Huilian Fu , Jingyi Cai , Sinan Xia , Lianjie Zhou

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引用次数: 0

Regional knowledge protection, innovation level, and data element level

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-03-29 DOI: 10.1016/j.iref.2025.104073

Yingchuan Yan , Yongqian Tu , Gaofeng Zhu , Grace Li Tian

引用次数: 0

Executive compensation disparity and corporate operational performance

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-03-29 DOI: 10.1016/j.iref.2025.104074

Long Guo, Can Cai, Debin Yang, Zibu Zhou

引用次数: 0

CEO power and internal pay disparities within enterprises

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-03-29 DOI: 10.1016/j.iref.2025.104072

Xiaoyi Li , Liping Shen , Yaofan Ling

引用次数: 0

The green side of digital trade: Evaluating the impact of National E-commerce Demonstration Cities policy

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-03-24 DOI: 10.1016/j.iref.2025.104071

Yujun Liu , Miao Zhang , Beiting Fan , Shengran Fu , Yiteng Liu

{"title":"The green side of digital trade: Evaluating the impact of National E-commerce Demonstration Cities policy","authors":"Yujun Liu , Miao Zhang , Beiting Fan , Shengran Fu , Yiteng Liu","doi":"10.1016/j.iref.2025.104071","DOIUrl":"10.1016/j.iref.2025.104071","url":null,"abstract":"<div><div>E-commerce has emerged as a transformative force in economic development during the digital era. Amid the intensifying challenges of global climate change and environmental degradation, the role of e-commerce in addressing broader issues such as air pollution has become increasingly significant. The pursuit of sustainable development goals places higher expectations on e-commerce platforms to enhance business ecosystems and contribute to air quality governance. The establishment of National E-commerce Demonstration Cities is a key policy initiative in China aimed at encouraging the healthy and rapid development of e-commerce. This paper seeks to evaluate the air purification effects of this policy initiative. To this end, we use data from 279 cities in China spanning the years 2005–2021 and employ a multi-period Difference-in-Differences (DID) model to examine the air purification effects and underlying mechanisms of e-commerce development. The findings reveal that the National E-commerce Demonstration City policy has significantly reduced air pollution. E-commerce development contributes to air purification by facilitating industrial structure upgrading and reducing energy consumption intensity. Heterogeneity analysis indicates that the air purification effects of e-commerce are stronger in eastern and western regions of China, as well as in areas characterized by lower levels of marketization, logistics capacity, and urban consumption. Further analysis suggests that the air purification effects are more pronounced in regions with relatively moderate levels of air pollution. Finally, we provide policy recommendations and strategies for leveraging e-commerce development to effectively improve air quality in the future.</div></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":"99 ","pages":"Article 104071"},"PeriodicalIF":4.8,"publicationDate":"2025-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143705317","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Analyzing the game pricing mechanism of data assets: Theoretical evidence considering market structure and competitive characteristics

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-03-22 DOI: 10.1016/j.iref.2025.104043

Wenchang Li , Weiqing Yang , Zhongsheng Zhou , Shuijuan Wu , Changwei Mo

{"title":"Analyzing the game pricing mechanism of data assets: Theoretical evidence considering market structure and competitive characteristics","authors":"Wenchang Li , Weiqing Yang , Zhongsheng Zhou , Shuijuan Wu , Changwei Mo","doi":"10.1016/j.iref.2025.104043","DOIUrl":"10.1016/j.iref.2025.104043","url":null,"abstract":"<div><div>The trade of data assets is increasingly serving as a central impetus for economic progress. By implementing the strategy of “data assetisation”, companies not only increase their financial strength, but also pose new challenges for the valuation and pricing of data assets. In this paper, we use game theory to explore the impact of different market structures and the competitive characteristics of market participants on the pricing of data assets, with the aim of determining an appropriate price that can maximize the profits of both the supply and demand sides of data assets. It is found that the competitive characteristics of the demand side of data assets, such as the ability to exploit data and the ability to control costs, indirectly influence the pricing of data assets by regulating the level of data services. In addition, the study shows that the introduction of competition into the market structure helps to improve the pricing of data assets and the level of data services, thereby stimulating market dynamics and creating larger profit margins for data asset suppliers. Finally, the supply side of data assets needs to take into account the data needs of different demand sides when pricing, and ignoring vulnerable customers can harm the profits of both the supply and demand sides. Numerical analyses further support these conclusions. This study provides strong theoretical support and practical guidance for value measurement and transaction pricing of data assets.</div></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":"99 ","pages":"Article 104043"},"PeriodicalIF":4.8,"publicationDate":"2025-03-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143705319","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The mitigation effect of industrial robots on air pollution

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-03-20 DOI: 10.1016/j.iref.2025.104069

Han Cheng , Changyi Min

{"title":"The mitigation effect of industrial robots on air pollution","authors":"Han Cheng , Changyi Min","doi":"10.1016/j.iref.2025.104069","DOIUrl":"10.1016/j.iref.2025.104069","url":null,"abstract":"<div><div>Industrial robots, as a key technological innovation in advanced manufacturing, play a vital role in advancing the green transformation and upgrading of China's manufacturing industry. This study examines the impact of industrial robot adoption on urban air pollution using panel data from 280 Chinese cities spanning 2011 to 2019. The findings indicate that the adoption of industrial robots significantly reduces urban air pollution, with robustness validated through Bartik instrumental variables and propensity score matching. The analysis further identifies two primary pathways through which industrial robots reduce pollutant emissions: the energy reduction effect and the enhancement of green innovation. Moreover, the environmental benefits of industrial robots vary across cities, with significant differences observed based on regional location, city size, and government performance pressures. This research provides empirical evidence for the role of industrial robotics in promoting sustainable development, offering actionable insights for policymakers to design targeted strategies that integrate industrial automation with environmental and economic objectives.</div></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":"99 ","pages":"Article 104069"},"PeriodicalIF":4.8,"publicationDate":"2025-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143696876","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Unleashing the power of data element markets: Driving urban green growth through marketization, innovation, and digital finance

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-03-20 DOI: 10.1016/j.iref.2025.104070

Li Dong , Xiaowei Zhu , Luwei Yang , Guoliang Jiang

{"title":"Unleashing the power of data element markets: Driving urban green growth through marketization, innovation, and digital finance","authors":"Li Dong , Xiaowei Zhu , Luwei Yang , Guoliang Jiang","doi":"10.1016/j.iref.2025.104070","DOIUrl":"10.1016/j.iref.2025.104070","url":null,"abstract":"<div><div>Achieving sustainable urban growth is vital for fostering cities where economic progress and ecological balance coexist. The rapid evolution of the digital economy presents new opportunities to accelerate urban green development. This study, drawing on China's extensive big data framework, applies a Differences-in-Differences model to explore how the construction of data element markets influences urban sustainability and the mechanisms underlying this relationship. The findings indicate that data element market development significantly enhances urban green growth through three key mediators: improving marketization levels, driving green technological innovation, and expanding digital inclusive finance. Additionally, the study highlights that regions with stronger green development initiatives, lower environmental pressures, and higher economic prosperity experience a more pronounced positive effect. These insights provide a foundation for policy recommendations aimed at leveraging data element markets to facilitate urban sustainability, promote economic resilience, and foster long-term ecological progress.</div></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":"99 ","pages":"Article 104070"},"PeriodicalIF":4.8,"publicationDate":"2025-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143687557","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0