To study the applicability of the Porter hypothesis to Chinese manufacturing enterprises from a property rights perspective, we match the financial data of all A-share manufacturing companies listed in Shanghai and Shenzhen Stock Exchanges of China from 2008 to 2016 with the marketization index...

Taking China’s recently developed Forest Right Mortgage System (FRMS) as an example, this paper examines the impact of the strength of farmers’ property rights on the intensity of credit restrictions imposed by lenders. Using the forest right mortgage policy documents we collected from eight...

Scholars have been debating for years the comparative advantage of damages and specific performance. Yet, most work has compared a single remedy contract to another single remedy contract. But contract law provides the non-breaching party with a variety of optional remedies to choose from in...

In this article we introduce the abuse of dominance provisions in China’s Anti-monopoly Law (AML) that was enacted in 2007, and we put this in context by briefly describing the laws on the abuse of dominance that existed before the AML, and their relationship with the provisions in the AML. We...

We consider a simple Stackelberg model with demand uncertainty only for the first mover in order to compare the advantages of leadership and flexibility, and use an example to provide some discussion about the endogenous order of moves in the presence of demand uncertainty. We find that only...

The existing research on the “strong” Porter Hypothesis has largely ignored the impact of the institutional environment. In this paper, we take the high-intensity anti-corruption campaign in China as a policy shock to explore the internal mechanism of anti-corruption as a moderator for the...

Using a sample of a field survey of 24 villages in southern China, we study the effects of credit restrictions under the Forest Right Mortgages System (FRMS) in 2008 and how social capital can help alleviate farmers' credit constraints. We find that credit restrictions limit farmers’ credit...

Many studies find that public law enforcers have self-interested reasons to maximize financial recoveries. We analyze a principal-agent model where a social-welfare-maximizing government needs to motivate self-interested law enforcers to exert enforcement effort to detect offending firms,...