How much does your neighbor impact your test scores and career? In this paper, we examine how an observable characteristic of same-age neighbors—their gender—affects a variety of high school and university outcomes. We exploit randomness in the gender composition of local cohorts at birth...

How much does your neighbor impact your test scores and career? In this paper, we examine how an observable characteristic of same-age neighbors their gender affects a variety of high school and university outcomes. We exploit randomness in the gender composition of local cohorts at birth from...

Domestic institutions can be a source of comparative advantage. This paper examines the role of Confucian clan culture, a long-standing institution at the heart of Chinese society, in firm exports. Using a nationally representative survey on private enterprises in China, we find that firms...

How can individuals respond to their ordinal ranking when they are not aware of it? We present evidence on the effects and mechanisms of achievement rank effects in middle schools when ranks are salient to students and their parents. For identification, we rely on the random assignment of...

How can individuals respond to their ordinal ranking when they are not aware of it? We present evidence on the effects and mechanisms of achievement rank effects in middle schools when ranks are salient to students and their parents. For identification, we rely on the random assignment of...

Few studies have successfully examined the empirical impact of limited information processing on real economic variables. The challenge relies, of course, on the difficulty of measuring an economic agent's degree of attention/inattention paid to different types of information. This paper...

Lithium-ion battery (LIB) related companies can employ blockchain to record data used to assess the health status of LIBs and thus recycle decommissioned LIBs in an environmentally friendly and economic manner. However, whether blockchain adoption is helpful for the environment and company...

Institutional investors' corporate site visits (CSVs) have been found to improve corporate governance by serving as a means of external monitoring. However, this paper investigates the potential negative impact of CSVs on firms' information disclosure. Using corporate site visit data from the...

Based on the TGVAR framework, this study examines the asymmetrical global spillover effects in the major areas and countries. Our analysis makes the case that the asymmetries in monetary policy are primarily caused by heterogeneity in monetary policy tool shocks, regional and macroeconomic...

Using information on FinTech companies collected by the SkyEye credit system and PKU-DFIC indicators provided by Ant Financial Services, we construct a city-level FinTech index for 337 cities to match company microdata. On this basis, we examine the impact of FinTech development on corporate...