IF 5.5 1区经济学

中国经济评论 Pub Date : 2026-01-01 Epub Date: 2025-09-17 DOI: 10.1016/j.chieco.2025.102559

Yucheng Sun , Meizhen Li , Zhewen Pan , Xianbo Zhou

引用次数: 0

Waterway infrastructure, shipping endowment and regional economic geography: Evidence from the operation of the three gorges dam 水路基础设施、航运禀赋与区域经济地理——来自三峡大坝运行的证据

IF 5.5 1区经济学

中国经济评论 Pub Date : 2026-01-01 Epub Date: 2025-12-23 DOI: 10.1016/j.chieco.2025.102642

Yuanbo Liang , Jingyang Fu , Xiao Teng , Xi Qu

引用次数: 0

Valuation adjustment mechanisms and acquirer’s innovation under the new company law reform: Evidence from China 新公司法改革下的估值调整机制与收购方创新：来自中国的证据

IF 5.5 1区经济学

中国经济评论 Pub Date : 2026-01-01 Epub Date: 2025-11-26 DOI: 10.1016/j.chieco.2025.102604

Peng Zhang , Die Hu , Linjue Du

引用次数: 0

Bankruptcy resolution and corporate debt maturity 破产决议和公司债务到期

IF 5.5 1区经济学

中国经济评论 Pub Date : 2026-01-01 Epub Date: 2025-12-06 DOI: 10.1016/j.chieco.2025.102636

Zijun Cheng , Jiayin Hu , Michael Beichen Huang , Shijie Zhao

引用次数: 0

Booming costs, boozing habits: How soaring housing prices drive smoking and drinking in China 飞速增长的成本，酗酒的习惯：飞涨的房价如何推动中国的吸烟和饮酒

IF 5.5 1区经济学

中国经济评论 Pub Date : 2026-01-01 Epub Date: 2025-11-01 DOI: 10.1016/j.chieco.2025.102591

Jiao Wang , Dianzhang Zou , Yi Chen , Jingwen Xue

{"title":"Booming costs, boozing habits: How soaring housing prices drive smoking and drinking in China","authors":"Jiao Wang , Dianzhang Zou , Yi Chen , Jingwen Xue","doi":"10.1016/j.chieco.2025.102591","DOIUrl":"10.1016/j.chieco.2025.102591","url":null,"abstract":"<div><div>Despite the high prevalence of smoking and drinking in China, the drivers of these behaviors have received limited attention. This study examines the impact of rising housing prices on residents' smoking and drinking habits and investigates the underlying mechanisms. Our findings indicate that rising housing prices significantly increase smoking and alcohol consumption among adult Chinese men. Specifically, a 10 % increase in housing prices is associated with an average 3.85 % rise in the probability of smoking, an increase of 0.73 cigarettes smoked per day, and a 3.9 % increase in the likelihood of frequent drinking. The key mechanism driving this increase is the stress-relief effect. Specifically, men facing heightened mating market pressure as well as among those with lower levels of education and income exhibit higher tobacco and alcohol consumption in response to rising housing prices. Although smoking and drinking are employed as coping mechanisms for stress, these behaviors exacerbate physical health issues without improving mental health. This paper provides robust empirical evidence from China, illustrating that mental stress induced by escalating housing costs is a key driver of increased tobacco and alcohol use.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"95 ","pages":"Article 102591"},"PeriodicalIF":5.5,"publicationDate":"2026-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145617080","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"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

Action beyond the sky high: Capital structure adjustment speed of Chinese space firms 腾云驾雾：中国航天企业资本结构调整速度

IF 5.5 1区经济学

中国经济评论 Pub Date : 2026-01-01 Epub Date: 2025-12-07 DOI: 10.1016/j.chieco.2025.102634

Fei Guo , Lei Xu , Bin Li , Jiawei Sun , Zixuan Dai

引用次数: 0

Can board ESG oversight promote corporate international expansion? Evidence from Chinese manufacturing firms 董事会ESG监督能否促进企业的国际扩张？来自中国制造企业的证据

IF 5.5 1区经济学

中国经济评论 Pub Date : 2026-01-01 Epub Date: 2025-12-17 DOI: 10.1016/j.chieco.2025.102639

Qilin Cao , Muxing Li , Wenke Wang , Xiaoke Wu

{"title":"Can board ESG oversight promote corporate international expansion? Evidence from Chinese manufacturing firms","authors":"Qilin Cao , Muxing Li , Wenke Wang , Xiaoke Wu","doi":"10.1016/j.chieco.2025.102639","DOIUrl":"10.1016/j.chieco.2025.102639","url":null,"abstract":"<div><div>China's Company Law amendment emphasizes boards' fiduciary responsibilities and mandates corporate social responsibility, thereby positioning boards as the primary entities responsible for corporate ESG governance and establishing their oversight obligations. Utilizing data from Chinese A-share listed manufacturing companies between 2012 and 2023, this paper employs the entropy weighting method to construct an indicator system for measuring board ESG oversight. Based on this system, the empirical analysis reveals that robust board ESG oversight significantly facilitates corporate international expansion. The mitigation of financing constraints and the enhancement of supply chain resilience are identified as key mediating channels. Furthermore, green technology innovation, media attention, and government subsidies are found to exert significant positive moderating effects on the relationship. Heterogeneity analysis indicates that the aforementioned facilitating effect is more pronounced in non-state-owned enterprises, firms in regions with better legal environments, and those in provinces designated under the Belt and Road Initiative. Additionally, significant changes in this promoting effect were observed around the amendment of the Company Law and the onset of the Sino-US trade friction. This study provides important evidence for understanding the theoretical implications of board ESG oversight and its role in promoting corporate international expansion, while also yielding key insights for the enhancement of board governance and ESG practices.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"95 ","pages":"Article 102639"},"PeriodicalIF":5.5,"publicationDate":"2026-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145884456","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"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

Air pollution, technology seeking and firms' cross-border M&A 空气污染、技术寻求与企业跨国并购

IF 5.5 1区经济学

中国经济评论 Pub Date : 2026-01-01 Epub Date: 2025-12-25 DOI: 10.1016/j.chieco.2025.102646

Shiyi Chen , Wenjie Liu , Huanhuan Wang

引用次数: 0

Patent quality and patentability requirements: Evidence from the third amendment to the Chinese Patent Law 专利质量与可专利性要求：来自中国专利法第三次修改的证据

IF 5.5 1区经济学

中国经济评论 Pub Date : 2026-01-01 Epub Date: 2025-12-22 DOI: 10.1016/j.chieco.2025.102643

Teng Huang , Cheryl Xiaoning Long

{"title":"Patent quality and patentability requirements: Evidence from the third amendment to the Chinese Patent Law","authors":"Teng Huang , Cheryl Xiaoning Long","doi":"10.1016/j.chieco.2025.102643","DOIUrl":"10.1016/j.chieco.2025.102643","url":null,"abstract":"<div><div>This paper provides novel empirical evidence that stricter patentability requirements improve patent quality based on a quasi-natural experiment-the third amendment to the Chinese Patent Law. The results from difference-in-differences estimation show invention patents meeting absolute novelty are more likely to be cited internationally, renewed, and invalidated less frequently than those with relative novelty. We identify three specific mechanisms through which the stricter patentability requirement exerts its impact on patent quality, including the screening-out effect, where stricter patent approval standards weed out low-quality applications during substantive examination, the self-selection effect, where stricter patentability requirements motivate applicants to select higher-quality inventions in response to the lower probability of patent approval, and the foreign-inflow effect, where the higher standards create more effective patent protection, which attracts more overseas applicants and higher-quality overseas technologies. These findings support the relationship between patentability standards and quality and have implications for patent law reforms in developing countries.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"95 ","pages":"Article 102643"},"PeriodicalIF":5.5,"publicationDate":"2026-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145884415","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"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 high-speed rail development impact online healthcare demand? Evidence from a large medical platform in China 高铁发展会影响在线医疗需求吗？证据来自中国的一个大型医疗平台

IF 5.5 1区经济学

中国经济评论 Pub Date : 2026-01-01 Epub Date: 2025-12-22 DOI: 10.1016/j.chieco.2025.102644

Jiali Tang , Duo Xu , Hongqiao Fu

{"title":"Does high-speed rail development impact online healthcare demand? Evidence from a large medical platform in China","authors":"Jiali Tang , Duo Xu , Hongqiao Fu","doi":"10.1016/j.chieco.2025.102644","DOIUrl":"10.1016/j.chieco.2025.102644","url":null,"abstract":"<div><div>While the “death of distance” hypothesis predicts diminishing geographic frictions, offline connectivity continues to shape online transactions, as seen in e-commerce and online healthcare. This study exploits China's High-Speed Rail (HSR) introduction as a natural experiment to identify how improved physical accessibility affects the demand for online medical consultations. Using approximately 18 million consultation records from a major Chinese online healthcare platform and a difference-in-differences (DID) design, we find that the HSR introduction increases online consultation volume by 12.09 %. The effect is driven predominantly by cross-city consultations directed to online doctors based in provincial capitals and top medical hubs (e.g., Beijing, Shanghai, and Guangzhou). The impact is particularly pronounced among younger patients, residents in the western region, and medical departments who are more likely to require subsequent in-person hospital visits. Our mechanism analysis shows that the HSR introduction stimulates offline appointment bookings via the platform, especially cross-city appointments and those following online medical consultations. This pattern is consistent with online-offline complementarity, whereby lower expected travel costs for in-person follow-ups encourage patients to initiate online medical consultations. These findings suggest that an integrated online-offline healthcare approach may be more effective than internet-centered solutions in addressing healthcare accessibility and inequality issues.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"95 ","pages":"Article 102644"},"PeriodicalIF":5.5,"publicationDate":"2026-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145839894","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"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

中国经济评论最新文献