This paper investigates the impact on the risk of a crash in the stock price (SPCR) of a hometown connection between a firm's chief executive officer (CEO) and suppliers. Using manually collected data on CEOs' hometown connections among Chinese A-share companies (A-shares, or RMB common shares,...

This paper explores the impact of digital economy development on the wage gap between high- and low-skilled workers based on the China Family Panel Studies (CFPS) database in 2010-2020. The research results suggest that the higher the level of digital economy development, the larger the wage gap...

This paper constructs a mathematical model to study China’s urban real estate markets, in which there are different types of demands from house buyers, and housing suppliers adopt the strategy of quality differentiation second-degree price discrimination. Our theoretical result shows that, in...