Family ties and kinship networks play an important role in sharing risk under insufficient social security. In this paper, we use panel data based on a massive household survey in China to examine the heterogeneous risk-sharing networks and their impacts on household finance. Based on a...

Family ties and kinship networks play an important role in sharing risk under unanticipated shocks, especially under insufficient social security. In this paper, we use panel data based on a massive household survey to examine the risk-sharing networks and their heterogeneous impacts on...

This paper investigates the impact of offspring’s uncertainty on intergenerational decisions. We exploit the experiment of the national college entrance examination (NCEE) reform in China, which increases the income uncertainty of households with compulsory education students. Based on...

This study highlights the importance and impacting channels of financial literacy on household mortgage decisions in a market with the substantial existence of informal borrowing systems. Using panel data from a Chinese household survey, we find more financially sophisticated households are of...

This study highlights the importance and impacting channels of financial literacy on household mortgage decisions in a market with the substantial existence of informal borrowing systems. Using panel data from a Chinese household survey, we find more financially sophisticated households are of...

This paper studies whether (and how) corporate decisions are affected by internal factors (such as the financial conditions of own company) and external factors (such as the actions of local competitors) in an imperfectly competitive environment. We study the listed real estate developers in...

This paper investigates the relationship between political connections and corporate borrowing behavior using the listed real estate development firms in China from 2001 to 2014. Evidence from China is of particular importance due to China being the world's largest emerging and transition...

Based on the household survey of “household energy consumption and living conditions in Beijing”, in this paper, we estimate the determinants of household carbon emissions and its relation to a community's building, neighborhood and location attributes. We find that a community with...

It is important to investigate the correlation between housing price and household consumption to gain an understanding of the behavior of the economy and effectively handle the consequences of economic development. In the last two decades, the accumulation of housing wealth by Chinese...