We constructed an Actuary Climate Index to measure extreme weather risks in China. Analyzing macroeconomic data through a structural vector auto-regression model suggests that a negative weather shock leads to persistently low GDP and credit obtained by non-financial firms. In our regression...

Unilateral divorce catalyzes the dissolution of unstable marriages and reorganizing better ones. To examine how unilateral divorce affects marital duration, we develop a simple DID stochastic dominance comparison across legal regimes and marital cohorts. This DID comparison identifies that...

Individuals engage in conspicuous consumption to signal their income to their own reference groups, defined in a fine manner by observable identifiers such as race, gender, education, and occupation. The more income inequality within a reference group, the less prior information concerning the...

We constructed an Actuary Climate Index to measure extreme weather risks in China. Analyzing macroeconomic data through a structural vector auto-regression model suggests that a negative weather shock leads to persistently low GDP and credit obtained by non-financial firms. In our regression...

This research measures the relationship between green innovation and the performance of financial development by using an econometric estimation during the year of 2000 to 2018 in 28 Chinese provinces. It is intended to explore the relative role of green technological innovation in driving green...

We propose two tests for the equality of covariance matrices between two high-dimensional populations. One test is on the whole variance-covariance matrices, and the other is on offdiagonal sub-matrices which define the covariance between two non-overlapping segments of the high-dimensional...

We study two tests for the equality of two population mean vectors under high dimensionality and column-wise dependence by thresholding. They are designed for better power performance when the mean vectors of two populations differ only in sparsely populated coordinates. The first test is...

Using panel data analysis, this paper investigates the impact of returnee entrepreneurs, foreign direct investment (FDI) intensity and inter-firm employee mobility on innovation in Chinese high-tech firms. International technology spillovers and internal R&D efforts are found to jointly...

Building on an asset complementarity perspective, human capital and social capital measures are used to examine the science park location decisions of returnee entrepreneurs and the performance of their ventures. The study uses a unique, hand-collected data set of 349 SMEs from Zhongguancun...

The retention of qualified Chinese employees is an increasing concern for managers in China today. Various studies have highlighted the rise of turnover rates, and many have suggested how human resource practices can help promote retention. However, little research has compared employee tenure...