Uncertainty induced by the political environment affects investment risk, and thus affects investment decisions, which have a close relationship with economic development. This paper investigates the economic cost of political instability using the case study of the tense relationship...

This paper studies the impact of having a cadre parent on the labor market performance and channels of the intergenerational transference. Using a recent data set, we find that college graduates with a cadre parent earn a wage premium of 4.46 percent more than those without. They also...

The paper attempts to study the insufficiency of corporate dividend payout in China from the perspective of financial constraint. The three financial constraint indexes are constructed to study the influence of financial constraint on corporate payout behavior. Furthermore, the issuance of...

The uncertainty induced by the political environment affects the investment risk, and thus affects the investment decision which has a close relationship with the economic development. This paper investigates the economic cost of political environment, using the intension of cross-strait...