Based on a survey of 939 farmers in Sichuan and Chongqing, this paper analyzes the influencing factors of entrepreneurial farmers’ formal financial credit demands and credit constraints with Probit model. It is found that entrepreneurial farmers have strong demand for formal financial...

Cultivating new bussiness entities is the key to speeding up improving new agricultural production and operating system. This study discussed two representative entities under the agricultural production and operating system based on household contract management, namely, family farms and...

As the gap in income between urban and rural residents bigger and bigger, based on the data from 1978 to 2007, this paper makes an empirical study of the dynamic relation between the fixed assets investment and the difference in income between urban and rural residents. The outcome from the...

The growth of agricultural industrial chain is the result of market demand, fund, technology, industrial development and policy guidance. At present, separate and small peasant operating model has become one of important factors restricting growth of agricultural industrial chain. From growth...

Using the multivariate ordered logistic and probit regression method, based on the survey data of entrepreneurship concerning farmers in China, we analyze the impact of social capital (namely the social network) on the farmers' recognition of entrepreneurial opportunities and property of...

This paper considers the nonlinear theory of G-martingales as introduced by Peng in [16, 17]. A martingale representation theorem for this theory is proved by using the techniques and the results established in [20] for the second order stochastic target problems and the second order backward...

We establish a feasible central limit theorem with convergence rate $n^{1/8}$ for the estimation of the {integrated volatility of volatility} (VoV) based on noisy high-frequency data with jumps. This is the first inference theory ever built for VoV estimation under such a general setup. The...

Accurate prediction of high-dimensional covariance matrices is crucial for portfolio and risk management. In the model developed in this work, high-frequency financial data is used to obtain the realized covariance matrix, and the realized semicovariance is used to decompose the covariance...

This study explores the influences of managerial short-term compensation on firm's innovation. Using a large sample of China's listed firms for the period 2007-2015, we find managerial short-term compensation is significantly and positively related to firm's innovation. Managers with more...

This study explores the influences of CEOs' dual roles (a single individual serving as both CEO and board chair) on future stock price crash risk. CEO duality magnifies managerial incentive and ability to overstate performance and hide bad news from investors, which increases stock price...