IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-06-13 DOI: 10.1016/j.chieco.2025.102477

Nanak Kakwani , Hyun H. Son

引用次数: 0

The unintended consequence of human capital intensity on energy intensity: Evidence from China 人力资本密集度对能源密集度的意外影响：来自中国的证据

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-06-11 DOI: 10.1016/j.chieco.2025.102473

Yang Xu , Wenbin Xiang , Peng Du , Liang Cao

引用次数: 0

Blowin’ in the wind: Smog and suicidal ideation among school-age children 在风中飘荡：雾霾和学龄儿童的自杀意念

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-06-11 DOI: 10.1016/j.chieco.2025.102478

Xin Zhang , Xi Chen , Hong Sun , Yuanjian Yang

引用次数: 0

Ownership concentration and independent director effectiveness: Governance challenges under China's new company law 股权集中度与独立董事有效性：中国新公司法下的治理挑战

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-06-10 DOI: 10.1016/j.chieco.2025.102474

Yanqiao Zheng

{"title":"Ownership concentration and independent director effectiveness: Governance challenges under China's new company law","authors":"Yanqiao Zheng","doi":"10.1016/j.chieco.2025.102474","DOIUrl":"10.1016/j.chieco.2025.102474","url":null,"abstract":"<div><div>The recently amended Company Law of China, effective July 2024, introduces new provisions aimed at strengthening the role of independent directors. This paper analyzes the impact of ownership concentration on independent directors' dissent in Chinese listed firms, drawing on board proposal and regulatory letter data. Results indicate that higher ownership concentration significantly suppresses dissent, highlighting governance challenges inherent to concentrated ownership structures. Specifically, a one-standard-deviation increase in ownership concentration, proxied by the Herfindahl index of the top three shareholders, reduces the likelihood of dissent by 0.06 %, a substantial decline given the average dissent rate of 0.42 %. Robustness checks, including alternative concentration indices and instrumental variable approaches, validate these findings. Heterogeneity analysis reveals that ownership concentration most strongly suppresses dissent in matters concerning personnel changes, related-party transactions, equity changes, and investments, and in industries such as the Real Estate and Information Technology sectors. The paper also contrasts director qualifications, highlighting that Chinese directors are predominantly academics, whereas their U.S. counterparts typically have senior business experience, potentially affecting their oversight capabilities. Low remuneration and the absence of penalties further reduce the incentive for Chinese independent directors to dissent. Consequently, dissent by independent directors has limited value of internal oversight, with only 11 out of 4784 regulatory letters linked to prior dissent. The paper proposes stricter nomination procedures, performance-based compensation tied to governance outcomes with punitive measures for non-compliance, and tailored training programs to improve oversight. These reforms are crucial for strengthening corporate governance and safeguarding minority shareholder interests in high-concentration environments.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"93 ","pages":"Article 102474"},"PeriodicalIF":5.2,"publicationDate":"2025-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144280833","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

From welfare enterprises to broad tax incentives: Effects of employment policy changes on disabled in China 从福利企业到广泛的税收优惠：中国就业政策变化对残疾人的影响

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-06-06 DOI: 10.1016/j.chieco.2025.102451

Muyi Li , Yamo Wang , Yang Yue

{"title":"From welfare enterprises to broad tax incentives: Effects of employment policy changes on disabled in China","authors":"Muyi Li , Yamo Wang , Yang Yue","doi":"10.1016/j.chieco.2025.102451","DOIUrl":"10.1016/j.chieco.2025.102451","url":null,"abstract":"<div><div>This study evaluates the shift in China's disability employment strategy from welfare enterprise systems to tax incentives using data from the China Health and Retirement Longitudinal Study (2011−2020). By applying Propensity Score Matching-Difference-in-Differences methodology, the study examines the impacts of the 2016 tax incentive policy on employment outcomes for middle-aged and elderly disabled individuals. Contrary to policy expectations, the findings reveal a decline in employment rates and weekly working hours for disabled individuals compared to their non-disabled peers. The dismantling of welfare enterprises, which previously provided stable jobs for disabled workers, contributed to this outcome. Economically disadvantaged and less-educated groups experienced the most severe setbacks, highlighting the uneven distribution of the policy's impacts. Structural barriers, including high compliance costs and employer biases, further constrained the policy's effectiveness. This study concludes that the current policy framework falls short of achieving its intended goals. Targeted interventions, such as workplace accommodations, subsidies, and vocational training, are crucial to addressing structural challenges and enhancing the inclusivity of disability employment policies.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"93 ","pages":"Article 102451"},"PeriodicalIF":5.2,"publicationDate":"2025-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144262071","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

Do policies reshape attitudes? Evidence from maternity leave expansion in China 政策会重塑态度吗？中国产假扩大的证据

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-06-03 DOI: 10.1016/j.chieco.2025.102462

Chen Huang, Ning Jia

{"title":"Do policies reshape attitudes? Evidence from maternity leave expansion in China","authors":"Chen Huang, Ning Jia","doi":"10.1016/j.chieco.2025.102462","DOIUrl":"10.1016/j.chieco.2025.102462","url":null,"abstract":"<div><div>Maternity leave system has been established in most countries to support gender equality, with a worldwide growing trend towards expanding its durations. However, by emphasizing women's household responsibilities relative to men, expanded maternity leave durations could reinforce traditional gender role attitudes in the population. This paper explores a recent maternity leave expansion in China, the world's largest developing country with traditional gender norms. Based on the difference-in-differences approach, we show that longer maternity leave significantly reinforced individuals' traditional attitudes towards gender roles in the labor market and within households. The impacts are larger among males than among females, and mainly driven by men who initially held traditional views. The results also show a considerable shift towards traditional gender division of paid work and household responsibilities. Women's lower visibility in the workplace due to the reduced market demand may lead to the attitudinal changes. Overall, findings from this study highlight the role of policies in shaping public attitudes and the importance of incorporating gender-neutral policies in achieving gender equality.</div></div>","PeriodicalId":48285,"journal":{"name":"中国经济评论","volume":"93 ","pages":"Article 102462"},"PeriodicalIF":5.2,"publicationDate":"2025-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144253836","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 China's overseas agricultural aids contribute to global food security? 中国的海外农业援助是否有助于全球粮食安全？

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-06-03 DOI: 10.1016/j.chieco.2025.102463

Chao Zhong , Jiaxin Du , Hongbo Cai , Qi Fan

引用次数: 0

The role of access to expressways on industrial clustering development in China 高速公路通达对中国产业集群发展的作用

IF 5.2 1区经济学

中国经济评论 Pub Date : 2025-06-03 DOI: 10.1016/j.chieco.2025.102460

Yunfei Zhang , Kevin Chen

引用次数: 0

Assessing effective VAT rates and tax efficiency at industry-level: The case of China 评估行业层面的有效增值税税率和税收效率：以中国为例