Journal of Asian Economics最新文献_第6页

Product market competition and corporate human capital upgrading: Evidence from China’s Anti-Monopoly Law 产品市场竞争与企业人力资本升级：来自中国反垄断法的证据

IF 3.4 3区经济学

Journal of Asian Economics Pub Date : 2026-01-01 Epub Date: 2025-11-26 DOI: 10.1016/j.asieco.2025.102086

Jiaxuan Li , Shuzhen Liang , Yongwei Ye , Changjian Chen

{"title":"Product market competition and corporate human capital upgrading: Evidence from China’s Anti-Monopoly Law","authors":"Jiaxuan Li , Shuzhen Liang , Yongwei Ye , Changjian Chen","doi":"10.1016/j.asieco.2025.102086","DOIUrl":"10.1016/j.asieco.2025.102086","url":null,"abstract":"<div><div>Although extant studies have explored the determinants of corporate human capital upgrading based on multiple perspectives, it is unclear whether and how market competition affects corporate human capital upgrading. We conduct a difference-in-difference regression by employing the enactment of China’s Anti-Monopoly Law (AML) in 2008 as a quasi-natural experiment that exposes monopolies to increased market competition. The results show that high-monopolistic firms hire more highly skilled employees after the enactment of the AML, particularly for state-owned firms, firms operating in regions with high market segmentation, firms with low R&D intensity. Further evidence suggests that the possible channel behind this positive effect is that the heightened market competition led by the AML, incentivizes monopoly firms to increase the investment in human capital and the demand for employees with high skills. In addition, we further find that the enactment of the AML increases firms’ labor income share, labor productivity, total factor productivity, and profitability. Our study highlights the crucial role of the AML in promoting corporate human capital upgrading.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"102 ","pages":"Article 102086"},"PeriodicalIF":3.4,"publicationDate":"2026-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145617175","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

Environmental governance and CSR: Dilemma or plausibility? 环境治理与企业社会责任：两难还是合理？

IF 3.4 3区经济学

Journal of Asian Economics Pub Date : 2026-01-01 Epub Date: 2025-11-26 DOI: 10.1016/j.asieco.2025.102084

Angela C. Chao, Jiayi Tao, Jichi Tian

引用次数: 0

The impact of natural disasters on agriculture in the tropics: New empirical evidence 自然灾害对热带地区农业的影响：新的经验证据

IF 3.4 3区经济学

Journal of Asian Economics Pub Date : 2026-01-01 Epub Date: 2025-12-03 DOI: 10.1016/j.asieco.2025.102097

Snehaprava Sahoo , Devi Prasad Dash , Apra Sinha

引用次数: 0

Who benefits from government-conducted vocational training? Evidence from employment of rural-to-urban migrant workers in China 谁从政府的职业培训中受益？来自中国农民工就业的证据

IF 3.4 3区经济学

Journal of Asian Economics Pub Date : 2025-12-01 Epub Date: 2025-08-24 DOI: 10.1016/j.asieco.2025.102031

Lilian Li , Yuansong Zhang , Juntao Ye , Mingwang Cheng

{"title":"Who benefits from government-conducted vocational training? Evidence from employment of rural-to-urban migrant workers in China","authors":"Lilian Li , Yuansong Zhang , Juntao Ye , Mingwang Cheng","doi":"10.1016/j.asieco.2025.102031","DOIUrl":"10.1016/j.asieco.2025.102031","url":null,"abstract":"<div><div>This study investigates how government-conducted vocational training (GVT) shapes employment outcomes for rural-to-urban migrant workers in China through human and social capital frameworks. Using nationally representative survey data, we demonstrate that GVT participation raises workers' employment rate by 4.6 % and improves employment quality by 3.674, confirming expanded-capacity and enhanced-quality effects. Mechanistic evidence shows these impacts operate through strengthened vocational skills and expanded social networks. Moreover, GVT disproportionately benefits low-educated workers, further narrowing their employment gap relative to high-educated groups. This differential effectiveness positions GVT as a backstop protection mechanism in labor market stratification. Our findings underscore the necessity of developing precision training systems with modular skill certifications and network-building components. Policy designs should prioritize adaptable curricula for low-educated cohorts to maximize GVT's equalizing potential during China's economic transition.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"101 ","pages":"Article 102031"},"PeriodicalIF":3.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144933729","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 effect of labor outflow on crime: Evidence from China 劳动力外流对犯罪的长期影响：来自中国的证据

IF 3.4 3区经济学

Journal of Asian Economics Pub Date : 2025-12-01 Epub Date: 2025-09-22 DOI: 10.1016/j.asieco.2025.102050

Lijun Zang , Lyubing Feng

引用次数: 0

A primer on a closed-loop system for international settlements in emerging market economies 新兴市场经济体国际结算闭环系统入门

IF 3.4 3区经济学

Journal of Asian Economics Pub Date : 2025-12-01 Epub Date: 2025-11-06 DOI: 10.1016/j.asieco.2025.102077

Andrey Leonidov , Alexey Ponomarenko , Stanislav Radionov , Ekaterina Vasilyeva

引用次数: 0

How exporting moderates the impact of COVID-19 on real earnings management in Korea 出口如何缓和新冠疫情对韩国实际盈余管理的影响

IF 3.4 3区经济学

Journal of Asian Economics Pub Date : 2025-12-01 Epub Date: 2025-11-07 DOI: 10.1016/j.asieco.2025.102074

Ohong Kwon

{"title":"How exporting moderates the impact of COVID-19 on real earnings management in Korea","authors":"Ohong Kwon","doi":"10.1016/j.asieco.2025.102074","DOIUrl":"10.1016/j.asieco.2025.102074","url":null,"abstract":"<div><h3>Purpose</h3><div>This study examines the relationship between COVID-19 and Korea's real earnings management (REM). In particular, it explores how changes in REM differ between exporting and domestic firms and investigates whether these differences vary across different pandemic phases.</div></div><div><h3>Design/methodology</h3><div>Using panel data, this study analyzes Korean firms listed on the stock exchange from 2018 to 2021 to assess the impact of COVID-19 on REM. To examine the causal effect of the pandemic and whether its impact differs between exporting and domestic firms, a difference-in-differences (DID) analysis is employed.</div></div><div><h3>Findings</h3><div>The results indicate that REM increased during the COVID-19 period, mainly through abnormal operating cash flows and abnormal production. However, this increase was less pronounced for exporting firms than domestic firms. In addition, REM was higher during the early phase of the pandemic in 2020 but declined in 2021 as the pandemic stabilized.</div></div><div><h3>Originality/value</h3><div>This study contributes to the literature by suggesting the moderating effect of export activity on the relationship between COVID-19 and REM. Given Korea’s high reliance on exports and the differing recovery speeds of the export and domestic sectors, it is essential to understand how the pandemic affected exporting and domestic firms differently. Furthermore, this study is significant in that it connects REM with the marketing strategies of export and domestic firms.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"101 ","pages":"Article 102074"},"PeriodicalIF":3.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145525524","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

Singapore’s role for ASEAN’s portfolio investment 新加坡在东盟证券投资中的作用

IF 3.4 3区经济学

Journal of Asian Economics Pub Date : 2025-12-01 Epub Date: 2025-10-15 DOI: 10.1016/j.asieco.2025.102061

Tomoo Kikuchi , Satoshi Tobe

引用次数: 0

How does central bank address the climate risks through monetary policies in China? 中国央行如何通过货币政策应对气候风险？

IF 3.4 3区经济学

Journal of Asian Economics Pub Date : 2025-12-01 Epub Date: 2025-10-25 DOI: 10.1016/j.asieco.2025.102067

Ziqi Lei , Ziyi Zhang , Yanhong Guo

引用次数: 0

The effect of multi-level project governance on regional export technological complexity in China 多层次项目治理对中国区域出口技术复杂性的影响

IF 3.4 3区经济学

Journal of Asian Economics Pub Date : 2025-12-01 Epub Date: 2025-10-26 DOI: 10.1016/j.asieco.2025.102068

Yuhang Zhuang , Chaoshuai Zhang , Liyunpeng Zhang

{"title":"The effect of multi-level project governance on regional export technological complexity in China","authors":"Yuhang Zhuang , Chaoshuai Zhang , Liyunpeng Zhang","doi":"10.1016/j.asieco.2025.102068","DOIUrl":"10.1016/j.asieco.2025.102068","url":null,"abstract":"<div><div>Amid the increasing fragmentation of globalization and rising geopolitical risks, China’s industrial policies, especially those aimed at enhancing exports, have emerged as a reference model for development strategies in some developing countries. However, given China’s distinctive administrative structure and its strong implementation capacity, it is essential to reassess the impact and scope of government decision-making within its multi-tiered governance system. Using a novel dataset of government projects in China from 2009 to 2017, we construct a province-product level measure of multi-level project governance (MLPG) and estimate its impact on regional export technological complexity (RETC). We find that MLPG significantly increases RETC, primarily by expanding financial resource supply and fostering economic agglomeration. Its effectiveness is further enhanced when local governments are both capable and constrained. The magnitude of this effect, however, varies systematically across regions. MLPG has a greater impact in regions with stronger material foundations and more coherent coordination across government tiers and interregional markets. By contrast, its effects weaken in regions with higher levels of market development. These findings underscore that the success of MLPG depends not only on governing capacity but also on its alignment with local development conditions, offering broader insights into how governance instruments can be adapted to diverse regional contexts in developing countries.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"101 ","pages":"Article 102068"},"PeriodicalIF":3.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145416582","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