Economic and Political Studies-EPS最新文献

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Specific vs. ad valorem taxation and social welfare in mixed duopoly with foreign ownership 外资混合双寡头的具体与从价税与社会福利
IF 2.4 4区 社会学
Economic and Political Studies-EPS Pub Date : 2022-04-06 DOI: 10.1080/20954816.2022.2052454
Mingyuan Sun, Leonard F. S. Wang, Qidi Zhang
{"title":"Specific vs. ad valorem taxation and social welfare in mixed duopoly with foreign ownership","authors":"Mingyuan Sun, Leonard F. S. Wang, Qidi Zhang","doi":"10.1080/20954816.2022.2052454","DOIUrl":"https://doi.org/10.1080/20954816.2022.2052454","url":null,"abstract":"","PeriodicalId":44280,"journal":{"name":"Economic and Political Studies-EPS","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2022-04-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46196375","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Can executive mobility reduce the stock price crash risk? Evidence from China 高管流动性能否降低股价崩盘风险?来自中国的证据
IF 2.4 4区 社会学
Economic and Political Studies-EPS Pub Date : 2022-03-04 DOI: 10.1080/20954816.2022.2042789
Jing Zhang, Shuang Yue, Shuang Zi
{"title":"Can executive mobility reduce the stock price crash risk? Evidence from China","authors":"Jing Zhang, Shuang Yue, Shuang Zi","doi":"10.1080/20954816.2022.2042789","DOIUrl":"https://doi.org/10.1080/20954816.2022.2042789","url":null,"abstract":"Abstract The 21st century has witnessed increasing fluctuations in both the real economy and financial markets around the world. How to maintain the stability of the capital market has attracted more serious attention. This paper examines the impact of executive mobility on the stock price crash risk at the company level. Based on the data of A-share listed companies during 2010–2019, our empirical results show that executive mobility can effectively reduce the stock price crash risk. Furthermore, our research confirms that employee salaries play an intermediary role in the impact of executive mobility on the stock price crash risk. This paper has important implications for companies in emerging markets to optimise the structure of their executive teams.","PeriodicalId":44280,"journal":{"name":"Economic and Political Studies-EPS","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2022-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41411806","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Trust, politics and post-IPO performance: SOEs vs. the private sector 信任、政治和上市后的表现:国企与私营企业
IF 2.4 4区 社会学
Economic and Political Studies-EPS Pub Date : 2022-01-28 DOI: 10.1080/20954816.2021.2021840
Bill Francis, I. Hasan, Xian Sun, Mingming Zhou
{"title":"Trust, politics and post-IPO performance: SOEs vs. the private sector","authors":"Bill Francis, I. Hasan, Xian Sun, Mingming Zhou","doi":"10.1080/20954816.2021.2021840","DOIUrl":"https://doi.org/10.1080/20954816.2021.2021840","url":null,"abstract":"Abstract This paper empirically investigates the role of social trust in the long-term performance of the initial public offerings (IPOs) in China, controlling for the formal institutional environment. We find that privately owned or smaller IPO firms experience significantly better post-IPO performance when they are incorporated in regions with more social trust. The state-owned and bigger IPO firms, on the other hand, experience better long-term post-IPO performance when they are incorporated in regions with stronger formal institutions (e.g. court enforcement and contract holding). Political pluralism turns out to benefit all IPOs in the long term. In addition, our evidence shows that stronger social trust substitutes for the quality of court enforcement but complements the role of contract holding. These results are robust after controlling for alternative definitions of ownership, outliers, non-linear effects of institutions, and the potential endogeneity of institutions in the model.","PeriodicalId":44280,"journal":{"name":"Economic and Political Studies-EPS","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2022-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43410297","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Eliminating poverty through development: The dynamic evolution of multidimensional poverty in rural China 发展消除贫困:中国农村多维贫困的动态演变
IF 2.4 4区 社会学
Economic and Political Studies-EPS Pub Date : 2022-01-02 DOI: 10.1080/20954816.2022.2028992
Yangyang Shen, Shi Li
{"title":"Eliminating poverty through development: The dynamic evolution of multidimensional poverty in rural China","authors":"Yangyang Shen, Shi Li","doi":"10.1080/20954816.2022.2028992","DOIUrl":"https://doi.org/10.1080/20954816.2022.2028992","url":null,"abstract":"Abstract This paper measures intertemporal multidimensional poverty in rural China from 1988 to 2018 based on the China Household Income Project (CHIP) data and for that time period has the following findings. First, multidimensional poverty in rural China declines steadily when measured through the income poverty approach. Second, multidimensional poverty in rural areas presents demographic and regional heterogeneity, among which elderly poverty, child poverty, and poverty in the western Chinese region are the most prominent ones. Third, income poverty and multidimensional poverty have a low overlap ratio and show intertemporal synchronisation over time. Although increases in income can alleviate multidimensional poverty, this effect is very limited. This paper suggests that a suitable multidimensional poverty identification framework should be developed in the era of poverty alleviation after 2020 and that in the new poverty alleviation governance system of China, targeted development strategies should be formulated with an increased focus on the poverty of special groups such as children and the elderly.","PeriodicalId":44280,"journal":{"name":"Economic and Political Studies-EPS","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2022-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48979040","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 14
Economic implications of the sixth plenary session of the 19th CPC Central Committee for China’s Hong Kong 中共十九届六中全会对中国香港的经济影响
IF 2.4 4区 社会学
Economic and Political Studies-EPS Pub Date : 2022-01-02 DOI: 10.1080/20954816.2022.2028993
T. Chong, Cornelia Yip, Patrick Ming Yu Ngai
{"title":"Economic implications of the sixth plenary session of the 19th CPC Central Committee for China’s Hong Kong","authors":"T. Chong, Cornelia Yip, Patrick Ming Yu Ngai","doi":"10.1080/20954816.2022.2028993","DOIUrl":"https://doi.org/10.1080/20954816.2022.2028993","url":null,"abstract":"Abstract The sixth plenary session of the 19th Central Committee of the Communist Party of China (CPC), also known as ‘the Sixth Plenum’, was successfully held in Beijing from 8 to 11 November 2021. It passed a historic resolution on the major achievements and historical experience of the CPC over the past 100 years and set forth the direction of China’s development in the next few decades. This paper aims to analyse the conclusions reached in the sixth plenary session of the 19th Central Committee of the CPC and discuss its economic implications for the Hong Kong SAR.","PeriodicalId":44280,"journal":{"name":"Economic and Political Studies-EPS","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2022-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43849269","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Communist Party of China and the Chinese road to modernisation 中国共产党与中国现代化道路
IF 2.4 4区 社会学
Economic and Political Studies-EPS Pub Date : 2022-01-02 DOI: 10.1080/20954816.2022.2028994
Guangbin Yang
{"title":"The Communist Party of China and the Chinese road to modernisation","authors":"Guangbin Yang","doi":"10.1080/20954816.2022.2028994","DOIUrl":"https://doi.org/10.1080/20954816.2022.2028994","url":null,"abstract":"Abstract Faced with an overall crisis in China since the early 20th century, the Communist Party of China has pursued a Party-centric path to modernising the country, thus delivering its people out of an unorganised chaos. With democratic centralism at the core, China has developed a form of government distinct from Western representative democracy. Democratic centralism prevails throughout the organisational structure of power and the policy implementation process. This best shows the Party’s affinity to its people. China’s road to modernisation and success in governance, which are rooted in its own rich historical legacies, have meaningful implications for other developing countries.","PeriodicalId":44280,"journal":{"name":"Economic and Political Studies-EPS","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2022-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47940049","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Focus shift needed: From development-oriented to social security-based poverty alleviation in rural China 重点转移:中国农村扶贫从以发展为导向转向以社会保障为基础
IF 2.4 4区 社会学
Economic and Political Studies-EPS Pub Date : 2022-01-02 DOI: 10.1080/20954816.2022.2031514
Cong Chong, Mengqi Cai, Ximing Yue
{"title":"Focus shift needed: From development-oriented to social security-based poverty alleviation in rural China","authors":"Cong Chong, Mengqi Cai, Ximing Yue","doi":"10.1080/20954816.2022.2031514","DOIUrl":"https://doi.org/10.1080/20954816.2022.2031514","url":null,"abstract":"Abstract Over the past 40-plus years since its reform and opening up, China has made remarkable achievements in poverty reduction. It accomplished the task of eradicating absolute poverty at the end of 2020 as scheduled, which is of great significance to both China and the world. Using the China Household Income Project (CHIP) survey data from 2002 to 2018, this paper studies the characteristics of the rural poverty-stricken population and estimates the poverty reduction effect of China’s social security which transfers income to the poor. We find that the transferred income targeting the poor population can effectively reduce rural poverty. In the post-2020 era, poverty reduction in China has shifted its focus from eliminating absolute poverty to alleviating relative poverty. Since the majority of the remaining relatively impoverished people in China lack the necessary ability to work, they can hardly throw off poverty through development-oriented poverty alleviation programmes. Therefore, it is necessary to shift the focus of poverty reduction in rural China from development-oriented policies to social security-based policies, which is essential to alleviate relative poverty in the new stage and prevent people from slipping back to poverty.","PeriodicalId":44280,"journal":{"name":"Economic and Political Studies-EPS","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2022-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47454271","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
Multidimensional poverty and types of impoverished counties in Gansu province of China 甘肃省多维贫困与贫困县类型
IF 2.4 4区 社会学
Economic and Political Studies-EPS Pub Date : 2022-01-02 DOI: 10.1080/20954816.2022.2028991
Fangfang Zhang, Hui Liu, Weinan Gu, Jianpeng Zhang
{"title":"Multidimensional poverty and types of impoverished counties in Gansu province of China","authors":"Fangfang Zhang, Hui Liu, Weinan Gu, Jianpeng Zhang","doi":"10.1080/20954816.2022.2028991","DOIUrl":"https://doi.org/10.1080/20954816.2022.2028991","url":null,"abstract":"Abstract Gansu province, considered as one of the poorest provinces in China, faces great challenges in fighting against poverty. This study highlights the importance of studying multidimensional poverty in Gansu province. The Multidimensional Poverty Indices of 75 poverty-stricken counties in Gansu province are measured quantitatively. The main driving factors of poverty are identified through the construction and application of a multidimensional poverty measurement system, classifying the impoverished counties into several categories. This study provides a scientific basis for formulating effective policies to achieve sustainable poverty reduction and high-quality development in the region after 2020. The results show that: (1) more than half of the poverty-stricken counties in Gansu province have a degree of multidimensional poverty that is below the median poverty level, with regional variations; (2) the main factors driving poverty in these counties include shortages in water and land resources, educational disruptions, undesirable medical conditions, and the underutilisation of labour, which show spatial variations; and (3) these poverty-stricken counties are categorised into four types: counties with fragile ecological environments and insufficient natural resources, counties with undesirable socio-economic conditions, counties with unfavourable conditions in development, and counties with relatively balanced development conditions. Finally, this paper proposes policy recommendations to achieve stable poverty alleviation based on different types of impoverished counties.","PeriodicalId":44280,"journal":{"name":"Economic and Political Studies-EPS","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2022-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45821177","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Introduction 介绍
IF 2.4 4区 社会学
Economic and Political Studies-EPS Pub Date : 2022-01-02 DOI: 10.1080/20954816.2022.2032540
Ximing Yue, Shi Li
{"title":"Introduction","authors":"Ximing Yue, Shi Li","doi":"10.1080/20954816.2022.2032540","DOIUrl":"https://doi.org/10.1080/20954816.2022.2032540","url":null,"abstract":"multidimensional a low overlap and show intertemporal synchronisation over time. This paper concludes that a suitable multidimensional poverty identification frame-work should be developed in post-2020 poverty alleviation, and new development strategies should be formulated with a more pronounced focus on the poverty of special groups such as poor children and the elderly. The third paper, ‘ Multidimensional poverty and types of impoverished counties in Gansu province of China ’ , is co-authored by Zhang, Weinan Gu, and Jianpeng Zhang. By measuring the multidimensional poverty indices of 75 poverty-stricken counties in Gansu province, this paper identifies the specific factors leading to poverty and different types of impoverished counties, and puts forward policy recommendations for poverty alleviation. The results from this paper show that more than half of the poverty-stricken counties in Gansu province have a degree of multidimensional poverty that is below the median poverty level. This paper also finds that the main factors contributing to poverty in the impoverished counties in Gansu province are the lack of education, the shortage of land and water resources, inadequate medical and health services, and under-employment. The degree of each indicator that contributes to poverty shows spatial vari-ation as well. The results indicate that, to shore up the weak links in the local economic and social development, the different types of poverty-stricken counties should take more precisely targeted measures to reduce poverty. Obviously, these three papers are closely related to China ’ s poverty reduction theories practices the 40-plus years. They not only help us understand the characteris-tics and evolution of China ’ s poverty reduction in the past, but also indicate the need to shift the focus of poverty reduction policies in the future, which is essential to prevent the poor from slipping back to poverty and further lift them to the middle income group in the process of achieving common prosperity in China.","PeriodicalId":44280,"journal":{"name":"Economic and Political Studies-EPS","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2022-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41573134","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
A decade of RMB internationalisation 人民币国际化十年
IF 2.4 4区 社会学
Economic and Political Studies-EPS Pub Date : 2021-11-29 DOI: 10.1080/20954816.2021.1996938
Yin-Wong Cheung
{"title":"A decade of RMB internationalisation","authors":"Yin-Wong Cheung","doi":"10.1080/20954816.2021.1996938","DOIUrl":"https://doi.org/10.1080/20954816.2021.1996938","url":null,"abstract":"Abstract This article recounts China’s renminbi (RMB) internationalisation experiences since the 2009 RMB cross-border trade settlement initiative. In the first few years, the RMB made inroads into global financial markets and had a few remarkable accomplishments, including the Special Drawing Right currency status. Since the 2015 market turmoil, RMB internationalisation has levelled off – possibly due to changes in both domestic and geopolitical conditions. The RMB is currently under-represented in the global market. China’s deliberate and schematic policies will elevate the RMB’s global stature in a gradual manner but there will not be a leapfrogging in the near term.","PeriodicalId":44280,"journal":{"name":"Economic and Political Studies-EPS","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2021-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41646277","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4
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