发布求助
文献互助 智能选刊 最新文献

Journal of Asian Economics最新文献

筛选
英文 中文
The impacts of clan culture on private investment: Financing substitution and human capital accumulation 宗族文化对民间投资的影响：融资替代与人力资本积累
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-01-17 DOI: 10.1016/j.asieco.2025.101884
Yan Zhang , Xiaoyang Wang , Wenwen Zhang
{"title":"The impacts of clan culture on private investment: Financing substitution and human capital accumulation","authors":"Yan Zhang ,&nbsp;Xiaoyang Wang ,&nbsp;Wenwen Zhang","doi":"10.1016/j.asieco.2025.101884","DOIUrl":"10.1016/j.asieco.2025.101884","url":null,"abstract":"<div><div>The study uses the manually collected historical data and examines the relationship between the clan culture and private investment choice. It is found that the clan culture has a significantly positive impact on private investment of Chinese household, and enhancing their motivation to buy more risky financial products. After a series of tests including estimating selection bias and considering heterogeneity issue, the conclusions are still robust. Furthermore, the study also finds that this influence acts mainly through financing substitution and human capital accumulation. Overall, this research provides a new understanding of micro financial investment from the perspective of historical economics, thus replenishing the policy implications of informal system.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"97 ","pages":"Article 101884"},"PeriodicalIF":2.9,"publicationDate":"2025-01-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143311209","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
Intelligent manufacturing and corporate human capital upgrade in China 中国智能制造与企业人力资本升级
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-01-15 DOI: 10.1016/j.asieco.2025.101886
Xiaofan Li , Qiaochu Wang , Dongmin Kong , Yunqing Tao
{"title":"Intelligent manufacturing and corporate human capital upgrade in China","authors":"Xiaofan Li ,&nbsp;Qiaochu Wang ,&nbsp;Dongmin Kong ,&nbsp;Yunqing Tao","doi":"10.1016/j.asieco.2025.101886","DOIUrl":"10.1016/j.asieco.2025.101886","url":null,"abstract":"<div><div>This paper investigates whether and how intelligent manufacturing affects corporate human capital upgrade. We employ China’s intelligent manufacturing demonstration project as a quasi-natural experiment. Using a staggered difference-in-differences approach, we find that intelligent manufacturing is positively associated with corporate human capital upgrade. Moreover, it is shown that the capital-technology complementary effect and the enhancement of inventory management efficiency are mechanisms through which intelligent manufacturing promotes corporate human capital upgrade. Finally, our findings are more pronounced among firms in the high-tech industry and firms in the growth stage. Overall, we provide a timely assessment of China’s intelligent manufacturing demonstration project from the new perspective of corporate labor upgrading.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"97 ","pages":"Article 101886"},"PeriodicalIF":2.9,"publicationDate":"2025-01-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143355701","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 labor market demand in the shadow of COVID-19: Evidence from an online job board COVID-19阴影下的中国劳动力市场需求：来自在线招聘板的证据
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-01-10 DOI: 10.1016/j.asieco.2025.101885
Xiangquan Zeng , Shuai Chu , Xuan Chen
{"title":"China's labor market demand in the shadow of COVID-19: Evidence from an online job board","authors":"Xiangquan Zeng ,&nbsp;Shuai Chu ,&nbsp;Xuan Chen","doi":"10.1016/j.asieco.2025.101885","DOIUrl":"10.1016/j.asieco.2025.101885","url":null,"abstract":"<div><div>Using data of the largest online job board in China, <em>Zhaopin.com</em>, we examine the impacts of the lockdown policy on the Chinese labor market demand during the coronavirus disease (COVID-19) pandemic. The analyses reveal that the lockdown policy, which was implemented in Wuhan on January 23, 2020, reduced the labor market demand drastically. Specifically, the “Number of Companies” that posted weekly job vacancies, “Number of Positions,” and “Number of Employees” to be recruited reduced rapidly by 15.7 %, 18 %, and 23 %, respectively. Furthermore, this impact of the lockdown policy began to reduce, thus allowing the labor demand to rebound four weeks after the outbreak. The heterogeneity analyses reveal that the industries with high physical proximity and those manufacturing non-essential products/services, as well as small-size firms, were greatly impacted by the policy. The adverse impacts in the cities that implemented specific control measures were stronger than in those that did not. This study quantifies the dynamic impacts of China’s stringent control measures on the country’s labor demand during the pandemic. These findings indicate that the effective management of public health crises in conjunction with economic policies is critical to revitalizing labor markets.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"97 ","pages":"Article 101885"},"PeriodicalIF":2.9,"publicationDate":"2025-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143311207","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
Political connections and bias in ESG news ESG新闻中的政治关系和偏见
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-01-08 DOI: 10.1016/j.asieco.2025.101877
Pengfei Chu , Xiaojuan Hou , Guanxia Xie
{"title":"Political connections and bias in ESG news","authors":"Pengfei Chu ,&nbsp;Xiaojuan Hou ,&nbsp;Guanxia Xie","doi":"10.1016/j.asieco.2025.101877","DOIUrl":"10.1016/j.asieco.2025.101877","url":null,"abstract":"<div><div>This study analyzes how political connections influence Environmental, Social, and Governance (ESG) sentiment scores. Using ESG news data from Chinese publicly listed companies, we show that companies with political connections have significantly higher sentiment scores for ESG news than others. However, the effect arises primarily because they leverage the political power derived from these connections to interfere with media coverage rather than due to superior actual ESG performance. The effect is more pronounced in state-owned enterprises, older firms, companies with highly educated executives, and male-dominated firms. We also find that the impact of political power on ESG news is not limited to local areas but extends to other cities, while anti-corruption campaigns significantly mitigate this effect.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"97 ","pages":"Article 101877"},"PeriodicalIF":2.9,"publicationDate":"2025-01-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143312157","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
Are social norms an obstacle to honest behavior? Theory and experimental evidence 社会规范是诚实行为的障碍吗？理论与实验证据
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-01-06 DOI: 10.1016/j.asieco.2024.101875
Keisaku Higashida , Yuki Higuchi , Mohammad Mosharraf Hossain , Mohammad Sujauddin , Ryo Takahashi , Kenta Tanaka
{"title":"Are social norms an obstacle to honest behavior? Theory and experimental evidence","authors":"Keisaku Higashida ,&nbsp;Yuki Higuchi ,&nbsp;Mohammad Mosharraf Hossain ,&nbsp;Mohammad Sujauddin ,&nbsp;Ryo Takahashi ,&nbsp;Kenta Tanaka","doi":"10.1016/j.asieco.2024.101875","DOIUrl":"10.1016/j.asieco.2024.101875","url":null,"abstract":"<div><div>This study theoretically and experimentally investigates the effects of intrinsic dishonesty costs and other-regarding preferences reflecting social norms on honest behavior when people have the opportunity to act collaboratively and conduct mutual monitoring. We set up a theoretical model to clarify this effect and, then, report the results of a series of lab-in-the-field experiments conducted in two communities of Bangladesh, villages in the Chittagong Hill Tracts and the University of Chittagong. The participants played a trust game and a confidential die-roll game. Our experimental results show that mutual monitoring helped to increase honest behavior in both the traditional and university communities, but worked more effectively in the latter compared to the former. As predicted by our theoretical model, other-regarding preferences worked differently by significantly discouraging honest behavior among the community leaders but encouraging honest behavior among the students.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"97 ","pages":"Article 101875"},"PeriodicalIF":2.9,"publicationDate":"2025-01-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143312158","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
Impacts of international transport infrastructure: Evidence from Laotian households 国际交通基础设施的影响：来自老挝家庭的证据
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-01-03 DOI: 10.1016/j.asieco.2024.101876
Magnus Andersson , Kazunobu Hayakawa , Souknilanh Keola , Kenta Yamanouchi
{"title":"Impacts of international transport infrastructure: Evidence from Laotian households","authors":"Magnus Andersson ,&nbsp;Kazunobu Hayakawa ,&nbsp;Souknilanh Keola ,&nbsp;Kenta Yamanouchi","doi":"10.1016/j.asieco.2024.101876","DOIUrl":"10.1016/j.asieco.2024.101876","url":null,"abstract":"<div><div>This study investigates the impact of international transport infrastructure on household living standards. Specifically, we explore how an international bridge between Laos and Thailand affects Laotian households. We use the change in the share of food expenditure out of total expenditure as an indicator of improved living standards via infrastructure. Our estimation results generated through difference-in-differences analysis and propensity score matching show that establishing an international bridge decreased the share of food expenditure, suggesting that the living standards of households close to the bridge improved. Our main results are robust to alternative treatment measurements. Finally, we explore the heterogeneity of treatment effects using a machine learning approach and find that, while households with younger heads are likely to benefit more from the bridge, almost all households in districts close to it can benefit.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"97 ","pages":"Article 101876"},"PeriodicalIF":2.9,"publicationDate":"2025-01-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143312159","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
Effect of foreign direct investment inflows on urbanization in Vietnam: Does environmental regulation matter? 外国直接投资流入对越南城市化的影响：环境法规重要吗？
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2024-12-31 DOI: 10.1016/j.asieco.2024.101874
Quynh Anh Do , Rohan Best
{"title":"Effect of foreign direct investment inflows on urbanization in Vietnam: Does environmental regulation matter?","authors":"Quynh Anh Do ,&nbsp;Rohan Best","doi":"10.1016/j.asieco.2024.101874","DOIUrl":"10.1016/j.asieco.2024.101874","url":null,"abstract":"<div><div>This study uses provincial-level panel data containing 63 provinces over the period 2014–2021 in Vietnam to explore the role of foreign direct investment in urbanization in Vietnam, emphasizing the roles of environmental regulations as both a mediator and a moderator. To address the issue of endogeneity, the System Generalized Method of Moments (SGMM) estimators are employed in empirical estimations. The initial results show that lagged foreign direct investment (FDI) directly has a detrimental effect on the progress of urbanization. However, the indirect effects offer a more detailed perspective. Through its contributions to economic growth, FDI indirectly facilitates urbanization, showing that economic development stimulated by foreign investment can drive urban expansion. Environmental regulations, meanwhile, serve a dual purpose: as a mediator, they enable FDI to promote stricter environmental standards, which subsequently encourage urbanization; as a moderator, they enhance the positive influence of FDI on urbanization. The study suggests that in addition to FDI and environmental regulations, urbanization in Vietnam is promoted by higher economic development and human capital accumulation.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"97 ","pages":"Article 101874"},"PeriodicalIF":2.9,"publicationDate":"2024-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143312162","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
Financing constraints and the export partnerships with RCEP: Evidence from manufacturing firms in China 融资约束与RCEP出口伙伴关系：来自中国制造业企业的证据
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2024-12-30 DOI: 10.1016/j.asieco.2024.101870
Qing Peng , Zhenhao Chen , Jie Li
{"title":"Financing constraints and the export partnerships with RCEP: Evidence from manufacturing firms in China","authors":"Qing Peng ,&nbsp;Zhenhao Chen ,&nbsp;Jie Li","doi":"10.1016/j.asieco.2024.101870","DOIUrl":"10.1016/j.asieco.2024.101870","url":null,"abstract":"<div><div>Despite the continued growth of Chinese exports post the COVID-19 shock, concerns persist regarding trade relationship stability. Particularly within the Regional Comprehensive Economic Partnership (RCEP), a critical export partner for China, many firm-level partnerships exhibit short durations. Through survival analysis, we demonstrate the significant role of financing constraints in these unstable export partnerships with RCEP. Aligned with the pecking order theory of exports, financing constraints prompt firms to either reduce the number of export destinations or shift to larger economies as export partners, thereby destabilizing export partnerships with RCEP members. Moreover, our findings indicate that while traditional bank support benefits large firms in mitigating the adverse effects of financing constraints, small firms rely more on financial support from intermediaries and government subsidies. In addition to financial support, firms can maintain stable export partnerships with RCEP by diversifying export products.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"97 ","pages":"Article 101870"},"PeriodicalIF":2.9,"publicationDate":"2024-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143312163","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
Peer effect of fund trading and the risk of individual stock 基金交易的同伴效应与个股风险
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2024-12-27 DOI: 10.1016/j.asieco.2024.101867
Chuanglian Chen , Lin Yuting , Su Bowei , Yao Shujie
{"title":"Peer effect of fund trading and the risk of individual stock","authors":"Chuanglian Chen ,&nbsp;Lin Yuting ,&nbsp;Su Bowei ,&nbsp;Yao Shujie","doi":"10.1016/j.asieco.2024.101867","DOIUrl":"10.1016/j.asieco.2024.101867","url":null,"abstract":"<div><div>This paper studies the influencing mechanisms between peer effect of fund trading behavior and the left-tail risk of individual stocks. The estimated results show that the increasing peer effect of fund trading behavior in China will significantly increase the overall scale of left tail risk, and the public offering of funds have not played the role of guiding value investment and stabilizing the market expected by regulatory authorities. Signaling and liquidity mechanism can explain this phenomenon. Furthermore, the positive impact of peer effect of fund trading behavior on the left-tail risk is more pronounced among listed companies with high analyst attention, non-state-owned nature, and high short selling activity.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"97 ","pages":"Article 101867"},"PeriodicalIF":2.9,"publicationDate":"2024-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143312160","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 impact of robot adoption on quality of export products: Evidence from Chinese industrial enterprises 机器人采用对出口产品质量的影响：来自中国工业企业的证据
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2024-12-27 DOI: 10.1016/j.asieco.2024.101871
Weiqing Li
{"title":"The impact of robot adoption on quality of export products: Evidence from Chinese industrial enterprises","authors":"Weiqing Li","doi":"10.1016/j.asieco.2024.101871","DOIUrl":"10.1016/j.asieco.2024.101871","url":null,"abstract":"<div><div>Based on micro-matched data from the China Industrial Enterprise Database and China Customs Database from 2006 to 2015, this paper systematically examines the impact and mechanism of robot adoption on the quality of Chinese enterprises' export products. It is found that robot adoption significantly promotes the quality upgrading of enterprises' export products, and the finding remains robust after a series of tests. The heterogeneity test shows that the promotion effect of robot adoption is more significant among large-scale enterprises, private enterprises, and non-high-tech enterprises. Mechanism studies show that robot adoption promotes quality upgrading of enterprises' export products mainly through channel mechanisms such as product competition, trade expansion, and first-mover advantage, and product competition involves a coexistence of \"price competition\" and \"quality competition,\" with \"quality competition\" taking the lead. This paper provides favorable evidence to support the development of China's robotics sector and provides useful reference ideas for enterprises to upgrade the quality of export products.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"97 ","pages":"Article 101871"},"PeriodicalIF":2.9,"publicationDate":"2024-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143311144","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
首页 上一页
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整，为了账户安全，请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
请完成安全验证×
相关产品
×
本文献相关产品
联系我们：info@booksci.cn Book学术提供免费学术资源搜索服务，方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号：604180095
Book学术官方微信