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E-commerce and FinTech are currently booming in China. The growing consumer market is accompanied by internet finance, by which consumers can easily borrow money from financial institutions online. As a result, the growing risks of financial institutions are of concern to the government and...
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work for broader issues in both macroeconomics and the theory of the firm. …
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Some corruption of employees will exist when managers are constrained in setting rewards and penalties. Attempts to … reduce corruption need to address these constraints. Raising salaries without raising expected penalties will have higher …
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