We examine the role of demographics and family/social interaction in Chinese household finance. The impacts of demographic characteristics are not limited to stock market participation, but extend to other financial activities. Households with strong family and social interaction are more likely...

This paper analyses the determinants of stock market participation decisions using officially compiled aggregate stock account opening data in China. Different from the literature that often focuses on one particular dimension, our paper systematically evaluates the relative importance of...

More trading is algorithmic or computer generated, and in markets where it is allowed, high frequency. However, what happens when there is an algorithmic trading error? This study attempts to answer that question by examining the August 16, 2013, fat‐finger trade in Chinese equity and equity...

This paper investigates whether household beliefs on the determinants of success affect their stock market participation decisions. Using national survey data from China, I show that Chinese households believe that personal effort is the most influential factor in people's success, followed by...

Soot formation has been a hurdle to the development of entrained flow gasification (EFG) technology, as it damages the apparatus and remains a pollutant. Soot has a poor gasification reactivity in the multiphase flow in furnace. In this study, differences in physicochemical properties and their...

How does an area’s proximity to big cities affect its growth? Using county-level data from China for 1990–2020, we find that an area’s being close to big cities (in the 150–250 km range) reduces the decadal population growth rate by 2.8–3.8 percentage points. Initial agricultural...

Land urbanization has been widely identified as an important driver that influences the structure of land use, thereby causing changes in the order of land-use systems. Therefore, this study adopted the land cover data from MCD12Q1 products to estimate the land-use intensity (Lui) and...