Challenging the homo economicus assumption underlying the traditional agency theory, our study explores the impact of CEO hometown identity on corporate misconduct from the perspective of social identity theory. The results based on a sample of listed Chinese firms from 2008 to 2020 show that...

A geopolitical incident in the Taiwan Strait would pose two immediate risks to the US economy: (a) potential disruptions to digital flows from vulnerable submarine cables with landing stations in Taiwan and (b) the delay or disruption of container shipments in the Taiwan Strait and nearby waters...

Noneconomic considerations for bilateral or regional trade agreements can be notoriously difficult to measure. In the case of US-Taiwan relations, one common factor defines the two countries’ security alliance: China. In this policy brief, we discuss a new metric we recently developed that...

Although the U.S. has a more progressive tax system than many other high-income countries, its overall fiscal system does less to reduce inequality because its tax system is smaller (OECD 2008). What societal preferences can explain these cross-country differences? We address this question by...

We have developed a quantitative indicator to predict if and when a series of protests in China, such as the one that began in Hong Kong in 2019, will be met with a Tiananmen-like crackdown. The indicator takes as input protest-related articles published in the People's Daily—the official...

We develop a deep learning algorithm to estimate the severity of the 2020 COVID-19 outbreak in China by analyzing the language of the People’s Daily, China’s official newspaper. The algorithm uses the 2002–2003 SARS outbreak as the benchmark and learns how the newspaper’s language...