This study explores whether financial literacy can enhance the ability to predict credit default by farmers using machine-learning models. It introduces a hybrid model combining k-means clustering and Adaboost to predict loan default using data on 10,396 farmers who obtained credit from Chinese...

Purpose: The promotion of financial inclusion can disturb the composition of traditional bank concentration and change the relationship between bank concentration and the availability of small and medium-sized enterprise (SME) financing. This paper concentrates on a less frequently explored...

This paper examines the phenomenon and effect of peer group on executive compensation stickiness in China's listed firms. We find there has been substantial growth in executive compensation in the past 10 years. Consistent with agency theory, executive compensation is positively related to firm...