International Review of Economics & Finance最新文献_第9页

Digital inclusive finance and the construction of agricultural modernization 数字普惠金融与农业现代化建设

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-06-26 DOI: 10.1016/j.iref.2025.104332

Xintong Fu, Chunjuan Guo

引用次数: 0

The impact of corporate digital transformation on the accuracy of Management's earnings forecasts 企业数字化转型对管理层盈利预测准确性的影响

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-06-26 DOI: 10.1016/j.iref.2025.104348

Xiao Zeng , Chenxi Wang

{"title":"The impact of corporate digital transformation on the accuracy of Management's earnings forecasts","authors":"Xiao Zeng , Chenxi Wang","doi":"10.1016/j.iref.2025.104348","DOIUrl":"10.1016/j.iref.2025.104348","url":null,"abstract":"<div><div>In recent years, the digital economy has experienced robust growth, as digital technology progressively infiltrates every aspect of sustainable economic and societal advancement. Consequently, digital transformation has emerged as an inevitable and essential trend for the continuous advancement of firms. To explore the impact of corporate digital transformation on the accuracy of management earnings forecasts, we conduct an empirical analysis using a sample comprising companies listed on the Shanghai and Shenzhen Stock Exchange from 2010 to 2023. Our findings demonstrate a significant positive impact of corporate digital transformation on the accuracy of management earnings forecasts. Mechanism analysis reveals that the process of digital transformation enhances the accuracy of management earnings forecasts by improving the quality of information disclosure. Moreover, heterogeneity analyses reveal that the positive impact of digital transformation on the accuracy of management earnings forecasts is more pronounced in firms with weaker internal control, robust corporate governance practices, higher agency costs, executives without technical backgrounds, moderate levels of competition, and those that are non-state-owned enterprises. These findings not only provide fresh evidence of the enduring effects of digital transformation but also yield insights into the symbiotic relationship between the capital market and the national economy. Additionally, they present a novel perspective on the regulation of predictive corporate information disclosure.</div></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":"102 ","pages":"Article 104348"},"PeriodicalIF":4.8,"publicationDate":"2025-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144511016","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Decoupling effects and impact mechanisms of carbon emissions in China's plantation system 中国人工林系统碳排放的脱钩效应及影响机制

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-06-26 DOI: 10.1016/j.iref.2025.104340

Bingbing Liu , Jun Yang , Shuhao Qi , Rui Shi

{"title":"Decoupling effects and impact mechanisms of carbon emissions in China's plantation system","authors":"Bingbing Liu , Jun Yang , Shuhao Qi , Rui Shi","doi":"10.1016/j.iref.2025.104340","DOIUrl":"10.1016/j.iref.2025.104340","url":null,"abstract":"<div><div>As a critical nexus for both grain production and carbon emissions, the synergistic development of the plantation system is of strategic importance for realizing China's “dual-carbon” goal. A comprehensive assessment of the decoupling status and its driving factors between these dimensions provides critical reference for developing countries in achieving the dual global goals of SDG 2 (Zero Hunger) and SDG 13 (Climate Action).This study employs a Tiered Hybrid Life Cycle Assessment (TH-LCA) to quantify carbon emissions from China's crop cultivation system from 2000 to 2022, evaluating its decoupling effects, underlying mechanisms, and decarbonization potential. Key findings include: First, core production zones exhibited a 5 % increase in emissions, predominantly in a weak decoupling state. Second, structural optimization of cropping systems and clean energy adoption emerged as primary drivers, while labor allocation efficiency positively moderated emissions. Conversely, scale expansion and energy intensity inertia acted as systemic barriers. Third, scenario simulations predict that under the conventional development scenario, emissions will reach 297.71 Mt by 2030. In contrast, the moderate decoupling pathway and deep low-carbon scenario could reduce emissions to 280.16 Mt and 277.53 Mt, representing decreases of 5.89 % and 6.78 % compared to the CDS, respectively. This study provides a theoretical framework and policy support for comprehensively analyzing carbon emissions in China's crop cultivation system, enhancing system resilience, and promoting synergistic development.</div></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":"102 ","pages":"Article 104340"},"PeriodicalIF":4.8,"publicationDate":"2025-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144514223","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Can executive equity incentives enhance corporate debt-paying ability?—An analysis based on the moderating mechanism of patient capital 高管股权激励能否增强企业偿债能力？——基于耐心资本调节机制的分析

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-06-26 DOI: 10.1016/j.iref.2025.104347

Fang Fang, Dan Chen

引用次数: 0

Evaluating digital financial inclusion's impact on regional economic efficiency in China 数字普惠金融对中国区域经济效率的影响评估

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-06-26 DOI: 10.1016/j.iref.2025.104325

Zhihao Guan , Jian Han

引用次数: 0

The impact of new quality productive forces on the resilience of industrial chains: The moderating role of digital finance 新型优质生产力对产业链弹性的影响：数字金融的调节作用

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-06-26 DOI: 10.1016/j.iref.2025.104333

Tianqi Zhu , Tiancheng Zhu , Lu Zhao

{"title":"The impact of new quality productive forces on the resilience of industrial chains: The moderating role of digital finance","authors":"Tianqi Zhu , Tiancheng Zhu , Lu Zhao","doi":"10.1016/j.iref.2025.104333","DOIUrl":"10.1016/j.iref.2025.104333","url":null,"abstract":"<div><div>This paper delves into the impact of new quality productive forces on the resilience of industrial chains and the moderating role of digital finance therein. The study finds that: (1) New quality productive forces have a significantly positive promoting effect on the resilience of industrial chains; (2) Digital finance can strengthen the effect of new quality productive forces in enhancing the resilience of industrial chains, and there is a significant synergistic effect between them; (3) The impact of new quality productive forces on the resilience of industrial chains exhibits multi-dimensional heterogeneity. From the geographical location perspective, the promoting effect of new quality productive forces on the resilience of industrial chains in the eastern region is more pronounced. From the perspective of industrial chain resilience, new quality productive forces have a significant promoting effect in regions with high industrial chain resilience and high economic development levels; (4) The moderating role of digital finance shows multi-dimensional heterogeneity. In the eastern region and regions with high resilience, the positive moderating effect of digital finance is more significant. Based on these findings, suggestions such as cultivating new quality productive forces, deepening the integration of digital finance and industries, and implementing regional differential policies are proposed.</div></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":"102 ","pages":"Article 104333"},"PeriodicalIF":4.8,"publicationDate":"2025-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144654940","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Government digital governance and corporate green total factor productivity 政府数字治理与企业绿色全要素生产率

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-06-26 DOI: 10.1016/j.iref.2025.104338

Yulai Jiang

引用次数: 0

Motivation, cognition, and capacity: How income risk shapes retirement saving in an aging society 动机、认知和能力：老龄化社会中收入风险如何影响退休储蓄

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-06-26 DOI: 10.1016/j.iref.2025.104351

Zihao Hu , Dong Zhang , Xueping Xiong

{"title":"Motivation, cognition, and capacity: How income risk shapes retirement saving in an aging society","authors":"Zihao Hu , Dong Zhang , Xueping Xiong","doi":"10.1016/j.iref.2025.104351","DOIUrl":"10.1016/j.iref.2025.104351","url":null,"abstract":"<div><div>Amid China's accelerating population aging and declining basic pension replacement rates, encouraging individuals to build retirement wealth has become a key policy priority. This study uses microdata from the 2020–2023 China Aging Finance Survey (CAFS) to examine how income risk influences retirement saving behavior. Empirical results show that income risk significantly increases both the likelihood and amount of retirement saving, supporting the life-cycle hypothesis of precautionary saving. Mechanism analyses reveal three behavioral pathways: (1) perceived income risk heightens concern about future income shortfalls, motivating saving; (2) risk exposure increases attention to financial information, though limited literacy and cognitive biases may hinder action; and (3) financial access and decision-making autonomy shape the ability to respond. Heterogeneity analyses show stronger effects among urban residents and older cohorts, while rural and younger individuals face greater barriers to translating risk awareness into saving behavior. This study contributes to the literature on life-cycle saving and behavioral finance by offering new micro-level evidence on how income uncertainty drives retirement planning and provides policy implications for strengthening financial motivation, literacy, and access.</div></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":"102 ","pages":"Article 104351"},"PeriodicalIF":4.8,"publicationDate":"2025-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144535137","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Policy, investment, and growth: How green finance drives corporate sustainable development? 政策、投资与增长：绿色金融如何推动企业可持续发展？

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-06-26 DOI: 10.1016/j.iref.2025.104326

Miaoyi Jiang , Jun Ma

{"title":"Policy, investment, and growth: How green finance drives corporate sustainable development?","authors":"Miaoyi Jiang , Jun Ma","doi":"10.1016/j.iref.2025.104326","DOIUrl":"10.1016/j.iref.2025.104326","url":null,"abstract":"<div><div>This study utilizes provincial-level data from China's A-share listed companies between 2015 and 2022 to examine the impact of green finance policies on corporate sustainable development performance. The results demonstrate that the policy has a significant positive impact on corporate sustainability levels, a conclusion that holds firm across multiple robustness tests. Furthermore, the mechanism analysis reveals that environmental investment strengthens the positive effect of green finance policies, whereas financing constraints inhibit policy effectiveness, thereby limiting corporate sustainable development potential. Additional analyses suggest that the policy impact is more pronounced in highly polluting, capital-intensive, and highly competitive industries. Moreover, differences in corporate governance structures influence the policy effect. Firms with hard environmental information disclosure benefit more than those with soft disclosure. These findings enrich the empirical evidence on the impact of green finance policies on corporate behavior and provide valuable insights for policy optimization and corporate sustainability strategies.</div></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":"102 ","pages":"Article 104326"},"PeriodicalIF":4.8,"publicationDate":"2025-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144522875","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The impact of digital government construction on common prosperity ——using data collected from 293 prefecture-level cities in China over the 2016–2022 period 数字政府建设对共同富裕的影响——基于2016-2022年中国293个地级市的数据

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-06-26 DOI: 10.1016/j.iref.2025.104353

Weikang Jiao , Chuan Zhang , Yueyun Wang

{"title":"The impact of digital government construction on common prosperity ——using data collected from 293 prefecture-level cities in China over the 2016–2022 period","authors":"Weikang Jiao , Chuan Zhang , Yueyun Wang","doi":"10.1016/j.iref.2025.104353","DOIUrl":"10.1016/j.iref.2025.104353","url":null,"abstract":"<div><div>Common prosperity is a fundamental objective of social development, and digital government has recently emerged as pivotal in modernizing national governance. Despite increasing policy attention, systematic academic analysis of digital government's impact on common prosperity remains limited. This study uses panel data from 293 Chinese cities (2016–2022) and applies a two-way fixed effects model to examine the relationship, including heterogeneity, underlying mechanisms, and moderating effects. Results show digital government significantly promotes common prosperity, especially in non-eastern, lower-tier cities, cities with former national poverty counties, and non-low-carbon pilot cities. Mechanistically, digital government enhances common prosperity by increasing macro-level tax burdens. Additionally, economic agglomeration and technological innovation weaken this promoting effect, whereas the digital economy lacks a significant moderating role. The findings deepen understanding of digital government's potential contributions toward achieving common prosperity.</div></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":"102 ","pages":"Article 104353"},"PeriodicalIF":4.8,"publicationDate":"2025-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144516909","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0