Publication Type:Academic Journal

Source(s):Public Performance & Management Review. 2022, Vol. 45 Issue 4, p970-997. 28p.

Abstract:This study analyzes how local governments use external financing instruments to adjust their capital structure. External financing instruments (public debt and public-private partnership [PPP]) have become critical options for most local governments to...

Publication Type:Academic Journal

Source(s):International Review of Economics & Finance. Jul2022, Vol. 80, p294-308. 15p.

Abstract:This study examines how fiscal incentives affect policy choices of local governments in China. We construct a difference-in-differences model using the 2014 Chinese central government policy of controlling the increase in construction land in metropoli...

Publication Type:Academic Journal

Source(s):Empirical Economics. Jun2022, Vol. 62 Issue 6, p2771-2798. 28p. 2 Diagrams, 8 Charts, 8 Graphs.

Abstract:Traditional credit risk measurement models, requiring fair amounts of default debts, have trouble in measuring the true default probability of Government financing vehicle (GFVs) loans in China. In this study, an analytic hierarchical mixing model (AHM...

Publication Type:Academic Journal

Source(s):Journal of Advertising; Aug/Sep2022, Vol. 51 Issue 4, p486-501, 16p, 1 Diagram, 3 Charts, 10 Graphs

Abstract:Copyright of Journal of Advertising is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, down...

Publication Type:Academic Journal

Source(s):Technology Analysis & Strategic Management. Jun2022, Vol. 34 Issue 6, p717-731. 15p.

Abstract:Most studies on patent renewal propose that abandonment indicates low quality and weakens firm performance. However, in practice, firms sometimes abandon patents as a rational strategy for pruning their patent portfolios. The discordance between litera...

Publication Type:Academic Journal

Source(s):Review of International Political Economy. Jun2022, Vol. 29 Issue 3, p844-869. 26p.

Abstract:Addressing ecological crises such as climate change within the current International Monetary System (IMS) will likely be impossible. International monetary relations are built upon a hierarchy between currencies, which generates structural Core-Periph...

Publication Type:Academic Journal

Source(s):International Review of Economics & Finance. Jul2022, Vol. 80, p1012-1024. 13p.

Abstract:Based on imprinting theory, this study investigates whether a CEO's childhood famine experience affects the credit spread of firms' newly issued corporate bonds. Using the Great Famine setting in China, we provide evidence that firms with famine-experi...

Publication Type:Academic Journal

Source(s):International Journal of Finance & Economics. Jul2022, Vol. 27 Issue 3, p2949-2964. 16p.

Abstract:Facing the challenge of the new normal, mainstream public opinion advises China to adopt a conservative strategy of "slowing down the growth and lowering the leverage." This paper proposes an alternative compatible idea of "stabilizing the growth and l...

Publication Type:Academic Journal

Source(s):Asian Economic Policy Review. Jul2022, Vol. 17 Issue 2, p235-250. 16p.

Abstract:China has been both active and cautious in developing a central bank digital currency (CBDC). China CBDC has been in research and development since 2014. The process speeded up in 2019. It is currently at the stage of expanding real field experiments. ...

Publication Type:Academic Journal

Source(s):Macroeconomic Dynamics. Jun2022, Vol. 26 Issue 4, p833-884. 52p.

Abstract:This paper studies the evolution of China's exchange rate policy using real options theory. With intervention costs and ongoing uncertainty, intervention involves the exercise of an option. Increased uncertainty increases the value of this option. This...