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China's Financial System and Economy : A Review
He, Zhiguo; Wei, Wei - National Bureau of Economic Research - 2022
China's financial system has been integral to its spectacular economic growth over the past 40 years. We review the recent literature on China's financial system and its connections to the Chinese economy based on the categories of Aggregate Financing to the Real Economy (AFRE), a broad measure...
Persistent link: https://www.econbiz.de/10013361979
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Do Financial Frictions Explain Chinese Firms’ Saving and Misallocation?
Bai, Yan - 2018
We use firm-level data to identify financial frictions in China and explore the extent to which they can explain firms' saving and capital misallocation. We first document the features of the data in terms of firm dynamics and debt financing. State-owned firms have higher leverage and pay much...
Persistent link: https://www.econbiz.de/10012453278
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Gender and Bureaucratic Corruption : Evidence from Two Countries
Decarolis, Francesco; Fisman, Raymond; Pinotti, Paolo; … - National Bureau of Economic Research - 2021
We examine the correlation between gender and bureaucratic corruption using two distinct datasets, one from Italy and a second from China. In each case, we find that women are far less likely to be investigated for corruption than men. In our Italian data, female procurement officials are 34...
Persistent link: https://www.econbiz.de/10012482615
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A Study of Bid-rigging in Procurement Auctions : Evidence from Indonesia, Georgia, Mongolia, Malta, and State of California
Kawai, Kei; Nakabayashi, Jun; Shimamoto, Daichi - National Bureau of Economic Research - 2022
We apply a Regression Discontinuity based approach to screen for collusion developed in Kawai et al. (2022) to public procurement data from five countries. We find that bidders who win by a very small margin have significantly lower backlog than those who lose by a very small margin in the...
Persistent link: https://www.econbiz.de/10013334488
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Financial Dependence and Innovation : The Case of Public versus Private Firms
Acharya, Viral V. - 2013
This paper examines the relationship between innovation and firms' dependence on external capital by analyzing the … innovation activities of privately-held and publicly-traded firms. We find that public firms in external finance dependent … in internal finance dependent industries do not have a significantly better innovation profile than matched private firms …
Persistent link: https://www.econbiz.de/10012458954
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Trade Induced Technical Change? The Impact of Chinese Imports on Innovation, IT and Productivity
Bloom, Nicholas - 2011
effect on innovation. We develop a simple "trapped factor" model of innovation that is consistent with these empirical …
Persistent link: https://www.econbiz.de/10012461940
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Price Discrimination, Copyright Law, and Technological Innovation : Evidence from the Introduction of DVDs
Mortimer, Julie Holland - 2005
legal environments and technological innovation. I examine firms' use of indirect price discrimination in response to U …
Persistent link: https://www.econbiz.de/10012467000
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Combating Cross-Border Externalities
Shiyi, Chen; Zivin, Joshua S. Graff; Wang, Huanhuan; … - National Bureau of Economic Research - 2022
This paper investigates the impact of a pioneering pollution reduction program, the Ecological Compensation Initiative (ECI) in China, which establishes side payments between upstream and downstream provinces along the same river. The program includes both Coasian and pay-for-performance...
Persistent link: https://www.econbiz.de/10013334450
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Investing with the Government : A Field Experiment in China
Colonnelli, Emanuele; Li, Bo; Liu, Ernest - National Bureau of Economic Research - 2022
We study the demand for government participation in China's venture capital and private equity market. We conduct a large-scale, non-deceptive field experiment in collaboration with the leading industry service provider, through which we survey both sides of the market: the capital investors and...
Persistent link: https://www.econbiz.de/10013334380
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The Stock Connect to China
He, Zhiguo; Wang, Yuehan; Zhu, Xiaoquan - National Bureau of Economic Research - 2023
As a bridge between Chinese mainland and international financial markets, the Stock Connect program allows investors on both sides to gain mutual access. By analyzing how cross-border flows respond to macro-related shocks, we show that compared with possibly homemade foreign investors, genuine...
Persistent link: https://www.econbiz.de/10013537785