The rapid growth of local SOEs in China largely depends on high leverage, thus local governments and their SOEs will face harder budget constraints when the central bank implements tight credit policies. Using a sample of listed local SOEs in the Chinese A-share market, this paper attempts to...

By employing machine learning techniques and the Word2Vec model, we quantify the micro-level implementation of Industrial Internet technology in Chinese manufacturing firms from 2010 to 2022. This provides empirical evidence for understanding how the Industrial Internet technology enhances...

The deep integration of digital technology with the real economy has reconstructed production systems. We explore the impact of digital technology on the resource allocation behavior and efficiency of manufacturing enterprises. Using a sample of Chinese A-share listed manufacturing firms over...

We investigate how the effects of the business environment depend on whether the measure is de jure or de facto, and how the business environment effects differ by ownership. Four aspects of the business environment are found to be relatively robust by multiple data sources: access to finance,...

Using multiple sources of national- and firm-level data around the world, this paper investigates how the effects of the business environment depend on whether themeasure is de jure or de facto, and how business environment effects differ by ownership and size. The paper compares estimates of...

Despite the magnitude of return migration from overseas to South Asia, the labor market outcomes of return migrants to this region have been understudied. This paper aims at filling this gap by examining systematic differences between the labor market outcomes of return migrants and nonmigrants...