Analyses of ethnic and racial wage differentials neglect the fact that minorities cluster in urban and in more deprived areas. This paper estimates ethnic wage differentials by comparing minorities to the majority in the same local labour market and therefore facing similar socio-economic...

Using hand-collected geographic location data of both blockholders and subsidiaries of all publicly listed firms in China from 2003 to 2019, this paper examines the impact of non-local blockholders (NLBs) on cross-regional investment of firms. We propose that NLBs with information advantage and...