Journal of Asian Economics最新文献_第7页

Environmental justice, ethical transformation: Environmental courts and corporate ESG performance 环境正义、伦理转型：环境法庭与企业ESG绩效

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-06-25 DOI: 10.1016/j.asieco.2025.101987

Huan-yu Cui, Yue-qun Cao

{"title":"Environmental justice, ethical transformation: Environmental courts and corporate ESG performance","authors":"Huan-yu Cui, Yue-qun Cao","doi":"10.1016/j.asieco.2025.101987","DOIUrl":"10.1016/j.asieco.2025.101987","url":null,"abstract":"<div><div>This study leverages the staggered implementation of specialized environmental courts throughout China as an exogenous shock to explore their influence on firms’ ESG performance. Analyzing a dataset of Chinese publicly listed firms from 2009 to 2022, the results demonstrate that (1) these courts enhance firms’ ESG outcomes. The key conclusions remain consistent even after addressing potential endogeneity issues and mitigating TWFE bias. (2) Low managerial ownership ratios, high analyst attention, and environmental uncertainty drive the effect. (3) The primary channel is that environmental courts enhance environmental penalties, deterring local firms and leading to stronger environmental behavior and improved access to bank loans. (4) The effect is more pronounced in polluting, environmentally information-transparent, financially constrained firms, and cities with deliberative courts, strong public participation, and efficient financial environments. Overall, this study offers new perspectives to the legal and financial discourse, reinforcing the broader role of environmental justice in shaping ethical corporate behavior.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"100 ","pages":"Article 101987"},"PeriodicalIF":2.9,"publicationDate":"2025-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144501231","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 teaching pedagogy affect students’ non-cognitive skills 教学方法如何影响学生的非认知技能

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-06-25 DOI: 10.1016/j.asieco.2025.101986

Liping Liao , Jia Wu , Xiang Zhou

引用次数: 0

Trade liberalization and elderly health: Evidence from micro-level data 贸易自由化与老年人健康：来自微观层面数据的证据

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-06-25 DOI: 10.1016/j.asieco.2025.101983

Jing Liu , Yun Zeng , Haonan Dong , Sinuo Lyu

{"title":"Trade liberalization and elderly health: Evidence from micro-level data","authors":"Jing Liu , Yun Zeng , Haonan Dong , Sinuo Lyu","doi":"10.1016/j.asieco.2025.101983","DOIUrl":"10.1016/j.asieco.2025.101983","url":null,"abstract":"<div><div>In the context of an aging population, studying the impact of international trade liberalization on elderly health is an important topic. Based on the China Health and Retirement Longitudinal Study (CHARLS) data from 2015 and 2018, combined with customs tariff data reflecting the trade liberalization level, and using geographical distance as an instrumental variable to address endogeneity issues, this paper empirically tests the impact of import trade liberalization on elderly health and its underlying mechanisms. The study reveals that import trade liberalization significantly improves elderly health, as measured by the prevalence of chronic diseases, and the results are robust. The effects are more pronounced in the elderly who are married males, aged 60–74, have a higher education level, poorer health and cognitive abilities, lower wealth, and reside in central, eastern, and coastal regions. Further mechanism analysis uncovers that import trade liberalization primarily improves elderly health through four pathways: increasing imports of medical products (e.g., medical devices and personal protective equipment), improving environmental quality, enhancing public healthcare service provision (e.g., regional government healthcare expenditure, the number of healthcare institutions, health technical personnel, and patient beds) and elevating the income levels of the elderly.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"100 ","pages":"Article 101983"},"PeriodicalIF":2.9,"publicationDate":"2025-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144535649","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 peer effect on the academic performance of rural left-behind children 农村留守儿童学习成绩的同伴效应

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-06-25 DOI: 10.1016/j.asieco.2025.101982

Fang Chang , Yajie Wang , Yanan Huo , Songyan Zhang , Yi Zhang , Jian Liu

引用次数: 0

Gender wage gap of migrant workers and its root causes: Gender discrimination or labor endowment? 农民工性别工资差距及其根源：性别歧视还是劳动力禀赋？

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-06-24 DOI: 10.1016/j.asieco.2025.101988

Lilian Li , Mingwang Cheng , Chunyan Chen

引用次数: 0

Measuring the onshore and offshore RMB markets: A test for CNY, CNH and CNT 衡量在岸和离岸人民币市场：对CNY、CNH和CNT的检验

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-06-18 DOI: 10.1016/j.asieco.2025.101981

Kuo-chun Yeh , Tai-kuang Ho , Ya-chi Lin

引用次数: 0

The impact of cross-border capital flows macro-prudential management policy on bank credit 跨境资本流动宏观审慎管理政策对银行信贷的影响

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-06-18 DOI: 10.1016/j.asieco.2025.101979

Yuanmiao Cui , Xia Fang , Xuyiyang Hu , Kaina Fu , Zhenyu Yang

{"title":"The impact of cross-border capital flows macro-prudential management policy on bank credit","authors":"Yuanmiao Cui , Xia Fang , Xuyiyang Hu , Kaina Fu , Zhenyu Yang","doi":"10.1016/j.asieco.2025.101979","DOIUrl":"10.1016/j.asieco.2025.101979","url":null,"abstract":"<div><div>This study examines the impact of cross-border capital flow-oriented macro-prudential policies (MPPs) on banking credit dynamics through a quasi-natural experiment encompassing 110 countries from 2000 to 2020. The findings reveal that MPPs significantly mitigate banking credit growth, with more pronounced effects during the post-financial-crisis period. These policies act through commodity prices and exchange rate movements by tempering capital inflows, thereby reducing excessive credit expansion and curbing systemic financial risks. The efficacy of MPPs is critically shaped by regulatory frameworks, the degree of economic liberalization, and the concentration dynamics within banking sectors, collectively underscoring the indispensable role of institutional robustness and competitive market mechanisms in policy implementation. Furthermore, the study uncovers an asymmetrical policy impact, with MPPs demonstrating enhanced efficacy in countries characterized by more advanced financial development. These results have significant policy implications, emphasizing the strategic value of targeted macro-prudential measures in three crucial areas: stabilizing credit cycles, enhancing financial system resilience, and preventing the cross-border contagion of financial vulnerabilities.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"100 ","pages":"Article 101979"},"PeriodicalIF":2.9,"publicationDate":"2025-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144331163","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

Understanding the product structure of exporters: The role of intellectual property protection in export origins 了解出口商的产品结构：知识产权保护在出口原产地中的作用

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-06-16 DOI: 10.1016/j.asieco.2025.101980

Xiaotian Hu , Xiaopeng Yin

{"title":"Understanding the product structure of exporters: The role of intellectual property protection in export origins","authors":"Xiaotian Hu , Xiaopeng Yin","doi":"10.1016/j.asieco.2025.101980","DOIUrl":"10.1016/j.asieco.2025.101980","url":null,"abstract":"<div><div>Adjusting the structure of export products is crucial for exporters to respond to export market competition and cost changes. The existing literature has identified firm-level factors, such as productivity, and industry-level factors, such as trade liberalisation, as important determinants of an exporter’s export product structure. However, the institutional quality has received less attention. Using data from Chinese manufacturing exporters from 2000 to 2007, we examine the impact of province-industry level intellectual property protection (IPP) in export origins on product-adding and product-dropping rates of manufacturing exporters from the perspective of institutional quality. We employed an instrumental variable approach to solve the endogeneity problem of the IPP variable. The findings demonstrate that strengthening IPP at origins raises exporters’ product-adding and product-dropping rates, conditional on their production. Exporters can achieve this promotional effect on product-adding and product-dropping rates by transforming towards more downstream production and integrating more vertically along their value chains. Additionally, strengthening IPP can increase the product-adding rate of exporters by encouraging more innovative activities and foreign direct investment absorption and can raise the product-dropping rate by reducing the varieties of imported intermediate goods. In the heterogeneity analysis, we find this product structure effect is insignificant for digital trade exporters. Our findings provide important policy implications for IPP reforms towards export upgrading.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"100 ","pages":"Article 101980"},"PeriodicalIF":2.9,"publicationDate":"2025-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144563861","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

Open government data and personal default: Evidence from China 公开政府数据和个人违约：来自中国的证据

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-06-10 DOI: 10.1016/j.asieco.2025.101978

Qingfang Wei , Yuan Liu , Weixing Cai , Jiangtao Wan

引用次数: 0

Firms’ labor market and evasion responses to the minimum social security contributions 企业劳动力市场与对最低社保缴费的规避反应

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-06-08 DOI: 10.1016/j.asieco.2025.101977

Liu Tian

{"title":"Firms’ labor market and evasion responses to the minimum social security contributions","authors":"Liu Tian","doi":"10.1016/j.asieco.2025.101977","DOIUrl":"10.1016/j.asieco.2025.101977","url":null,"abstract":"<div><div>This study examines the effects of raising social security contributions on firms’ wages and employment and reveals the importance of combining labor market effects with enforcement stringency for comprehensive evaluations. We focus particularly on the minimum contribution requirement in China’s social security program. By exploiting its city-by-year variations, we find robust evidence that an increase in the minimum contribution base would reduce both firms’ average wage and employment, and induce more evasion. When non-compliance is more likely, firms tend to evade more and reduce less in wages and employment. Heterogeneous analysis shows that firms with different characteristics tend to employ different instruments to reduce the contribution burden. Our estimates also indicate that firms exhibit a greater sensitivity to the minimum contribution base compared to the employers’ contribution rate. These results underscore the importance of the minimum base in influencing firms’ labor market responses and highlight the interactions between evasion and labor market responses in addressing the increase in social security contributions.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"100 ","pages":"Article 101977"},"PeriodicalIF":2.9,"publicationDate":"2025-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144471891","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