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Exploring the effect of digital transformation on firm resilience: Evidence from China 探索数字化转型对企业复原力的影响：来自中国的证据
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2024-09-24 DOI: 10.1016/j.asieco.2024.101812
{"title":"Exploring the effect of digital transformation on firm resilience: Evidence from China","authors":"","doi":"10.1016/j.asieco.2024.101812","DOIUrl":"10.1016/j.asieco.2024.101812","url":null,"abstract":"<div><div>Digital transformation has become a new driving force for the high-quality development of China's economy, and is also an important pivot point to safeguard the development of enterprises and promote the recovery of industries in an uncertain environment. In this paper, we apply textual analysis to measure the digital transformation index using the data of listed companies in China and explore the impact of digital transformation on corporate resilience. The results, which are based on a robustness test and endogeneity test, lead to the conclusion that digital transformation can have a significantly positive impact on enterprise resilience. Mechanism analysis finds that enterprise green innovation and total factor productivity (TFP) are important channels through which digital transformation significantly affects a firm’s resilience. Heterogeneity analysis further shows that the effect is more pronounced among state-owned enterprises (SOE), non-high-tech enterprises, labor-intensive enterprises and technology-intensive enterprises. These findings will help guide policies that promote digital transformation in order to resist the negative effects of external shocks.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-09-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142328079","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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
Impact of city size on self-employment behavior: Evidence from Chinese migrants 城市规模对自雇行为的影响：来自中国移民的证据
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2024-09-20 DOI: 10.1016/j.asieco.2024.101802
{"title":"Impact of city size on self-employment behavior: Evidence from Chinese migrants","authors":"","doi":"10.1016/j.asieco.2024.101802","DOIUrl":"10.1016/j.asieco.2024.101802","url":null,"abstract":"<div><div>Self-employment is an important approach for migrants to gain a foothold in cities and improve their economic and social welfare. This study investigates the relationship between city size and migrants’ self-employment behavior using data from the 2011–2018 CMDS and macro-statistical sources. We find that in the Chinese context, larger cities correlate with an increased likelihood of migrants engaging in self-employment. These results persist under various methodological checks, including alternative estimation methods, sample screening techniques, and addressing concerns about endogeneity. Market potential and diversified agglomeration emerge as important channels through which larger cities encourage migrants’ decisions to pursue self-employment. Moreover, the positive impact of larger cities is more pronounced among rural-to-urban migrants and own-account workers compared to urban-to-urban migrants and employers. This paper provides insights into high-quality development and migrant management strategies in large cities in China.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142311648","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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 clan imprint within gender wage gap: Evidence from China 性别工资差距中的宗族印记：来自中国的证据
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2024-09-13 DOI: 10.1016/j.asieco.2024.101801
{"title":"The clan imprint within gender wage gap: Evidence from China","authors":"","doi":"10.1016/j.asieco.2024.101801","DOIUrl":"10.1016/j.asieco.2024.101801","url":null,"abstract":"<div><p>Clan culture plays a pivotal role in shaping gender disparities in individual choices. This paper, utilizing data from Chinese General Social Survey 2013, employs genealogy density as a proxy variable for clan culture. The results suggest that clan culture significantly promotes an increase in male wage, while no significant impact on female wage, consequently widening the gender wage gap. Notably, patrilineal clan exacerbates gender differences in human capital investment, reinforces gender identity, and intensifies social trust disparities, thereby perpetuating the escalation of gender wage inequality. Conversely, the internet, serving as a primary vehicle for modern gender equality ideas, mitigates the positive effect of clan on gender wage disparity. Further investigation reveals that the positive impact of clan culture on gender wage gap diminishes with an upward shift in wage distribution and narrows with generational transitions. These findings extend the cultural explanation pathway for gender wage gap.</p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142229196","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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 relocation and air pollution: Evidence from China 政府搬迁与空气污染：来自中国的证据
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2024-09-07 DOI: 10.1016/j.asieco.2024.101799
{"title":"Government relocation and air pollution: Evidence from China","authors":"","doi":"10.1016/j.asieco.2024.101799","DOIUrl":"10.1016/j.asieco.2024.101799","url":null,"abstract":"<div><p>In the pursuit of sustainable economic development, many cities have initiated the relocation of government offices as a strategy to optimize resource allocation. This study examines the environmental impacts of local government relocations in China between 1999 and 2016, with a focus on PM2.5 concentration data in the areas surrounding the relocation sites. Utilizing a difference-in-differences estimation approach, our findings indicate that (1) relocating local government offices significantly reduces pollution levels in nearby areas, with more pronounced effects closer to the relocation site; (2) environmental quality improvements intensify over time before stabilizing; (3) the relocation reform enhances the overall environmental quality of the entire city; and (4) government site relocations ultimately lead to regional environmental quality improvements by fostering the development of clean industries and reducing industrial pollution emissions. These results underscore the policy significance of green development principles and the spatial optimization of public resources.</p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142171597","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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
Does foreign direct investment affect domestic firms’ social security contributions? 外国直接投资是否会影响国内企业的社会保障缴款？
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2024-09-05 DOI: 10.1016/j.asieco.2024.101800
{"title":"Does foreign direct investment affect domestic firms’ social security contributions?","authors":"","doi":"10.1016/j.asieco.2024.101800","DOIUrl":"10.1016/j.asieco.2024.101800","url":null,"abstract":"<div><p>Foreign direct investments (FDI) in developing countries are found to affect local domestic firms by introducing competition and spillover effects. This study investigates the effect of FDI on domestic firms’ social security contributions. It exploits China’s 2002 FDI liberalization and applies the difference-in-differences strategy for a causal identification. Using a Chinese firm-level dataset of the manufacturing industry, the estimates show that foreign investments have a positive effect on domestic firms’ social security contributions as a share of the wage base. The estimated effects are more pronounced in private firms, higher-wage firms, and firms facing lower contribution costs. Evidence also indicates that the increase in firms’ propensity to contribute plays an important role in explaining the overall increase in social security contribution rates. The promotion of social security compliance among domestic firms by FDI inflow suggests that market competition could be an attractive and effective approach to combating non-compliance with social insurance regulations.</p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142229197","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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
Leaders’ capabilities and organizational efficiency: Evidence from the national taxation bureaucracy in China 领导能力与组织效率：来自中国国家税务局的证据
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2024-09-05 DOI: 10.1016/j.asieco.2024.101798
{"title":"Leaders’ capabilities and organizational efficiency: Evidence from the national taxation bureaucracy in China","authors":"","doi":"10.1016/j.asieco.2024.101798","DOIUrl":"10.1016/j.asieco.2024.101798","url":null,"abstract":"<div><p>Tax authority leaders have a significant impact on organizational efficiency, which is mainly manifested in tax collection efficiency. Based on provincial tax administrative data and data on listed companies from 1998 to 2017, we examine the impact of the capabilities of leaders of the National Taxation Bureaucracy (NTB) on tax collection efficiency. We adopt the fixed effects approach and isolate the individual effects of NTB directors as a proxy of leaders’ capabilities. We find that directors with stronger capabilities enhance tax revenue growth and complete tax revenue tasks by affecting corporate income taxes. The findings suggest that more capable directors are found to severely combat tax evasion and avoidance. Specifically, taxable income approved by the NTB, preferential tax policies and tax auditing have been used to combat tax evasion. We also clarify the boundaries of leaders’ capabilities. We provide supportive evidence for leaders’ individual impact on tax collection efficiency and enrich the study of tax collection and administration.</p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142229198","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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
Social credit system construction and entrepreneurial activity: A quasi-natural experiment from China 社会信用体系建设与创业活动：来自中国的准自然实验
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2024-08-31 DOI: 10.1016/j.asieco.2024.101797
{"title":"Social credit system construction and entrepreneurial activity: A quasi-natural experiment from China","authors":"","doi":"10.1016/j.asieco.2024.101797","DOIUrl":"10.1016/j.asieco.2024.101797","url":null,"abstract":"<div><p>This study investigates the impact of the improved social credit environment on entrepreneurial activity. We conduct the time-varying difference-in-differences model based on the quasi-natural experiment of constructing China’s Social Credit System (SCS) and find that the implementation of this institution significantly improves entrepreneurial activity, which remains robust to a series of tests. Mechanism tests reveal that the SCS influences entrepreneurial activity through material, human, and social capital agglomeration effects, as well as by alleviating information asymmetry. Heterogeneity analysis demonstrates that the positive impact of SCS is more obvious in promoting entrepreneurial activity within private enterprises, high-tech, and manufacturing industries. Furthermore, this entrepreneurial effect is more pronounced in cities with lower administrative levels and on the southeast side of the Hu Huanyong Line.</p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142158133","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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 long-term economic impact of water quality: Evidence from rural drinking water program in China 水质的长期经济影响：中国农村饮用水项目的证据
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2024-08-28 DOI: 10.1016/j.asieco.2024.101796
{"title":"The long-term economic impact of water quality: Evidence from rural drinking water program in China","authors":"","doi":"10.1016/j.asieco.2024.101796","DOIUrl":"10.1016/j.asieco.2024.101796","url":null,"abstract":"<div><p>The provision of safe and clean drinking water is a key component of the United Nations Sustainable Development Goals. This paper examines the long-term economic benefit to rural residents in China from a major water treatment program started in the 1980s. By employing a data set covering almost three decades and utilizing Difference-in-Difference (DID) approach, we find that, on average, the program led to a 28.4 % increase in individual gross income. Residents with access to treated water in early life experienced significantly higher gains in income. Villages that are poorer and more remote also benefit more. Mechanically, the program has saved time spent on fetching water, spent more time on agricultural activities, improved health status, and alleviated the negative impacts of drought, through which it helps raise individual gross income.</p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142097208","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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
How does flexible tax enforcement affect TFP? China’s exceptional approach 灵活的税收执法如何影响全要素生产率？中国的特殊做法
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2024-08-06 DOI: 10.1016/j.asieco.2024.101795
{"title":"How does flexible tax enforcement affect TFP? China’s exceptional approach","authors":"","doi":"10.1016/j.asieco.2024.101795","DOIUrl":"10.1016/j.asieco.2024.101795","url":null,"abstract":"<div><p>To explore the relationship between flexible tax enforcement and enterprises’ business decisions, we use a difference-in-differences (DID) model to investigate the impact of flexible tax enforcement on enterprises’ TFP through China’s tax credit grading system. The findings of the study are as follows: Firstly, flexible tax enforcement will enhance the TFP of A-grade taxpayers. Secondly, two mechanisms exist to improve firms’ TFP through flexible tax enforcement. One is to stimulate enterprises to carry out R&amp;D and innovation, and the other is to enhance the long-term awareness of managers. Finally, the promotion effect of flexible tax enforcement on non-state-owned enterprises is greater than on state-owned enterprises, and the effect on total factor productivity is more pronounced in areas of high fiscal pressure.</p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-08-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141952819","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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
China's Low-carbon city policy and manufacturing firms' servitization: Do environmental regulations matterʔ 中国的低碳城市政策与制造业企业的服务化：环境法规是否重要？
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2024-08-03 DOI: 10.1016/j.asieco.2024.101793
{"title":"China's Low-carbon city policy and manufacturing firms' servitization: Do environmental regulations matterʔ","authors":"","doi":"10.1016/j.asieco.2024.101793","DOIUrl":"10.1016/j.asieco.2024.101793","url":null,"abstract":"<div><p>Manufacturing servitization is an effective way to improve both environmental performance and economic benefits in developing countries. In this paper, we first propose the firm-level manufacturing servitization (FMS) measurement method. Then, based on Chinese firm-level data for 2000–2015, we take low-carbon city pilot (LCCP) policy implementation as a quasi-natural experiment to investigate the effect of low-carbon city governance on FMS. The propensity score matching-difference-in-differences (PSM-DID) model results indicate that the construction of LCCP policy could significantly improve FMS. In addition, we explain the promoting effect of low-carbon city governance on FMS by enhancing innovation intensity and promoting pollution factor substitution. Specifically, low-carbon city governance increases the innovation intensity of enterprises and promotes service factors as substitutes for other pollution production factors, changing the service factor input structure. Furthermore, by dynamically decomposing aggregate FMS growth, we found that LCCP policy generates a positive within-firm effect for surviving enterprises. However, the role of the resource reallocation effect has not been fully explored. Based on the findings, this study offers more theoretical backing and empirical substantiation for developing countries' pursuit of simultaneously achieving sustainability and economic growth under environmental regulations.</p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-08-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141963221","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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
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