A description and analysis of China’s Farmer Specialized Cooperatives is presented. Data is presented regarding the historical development of farmer cooperatives in China, the membership composition of a sample of 66 farmer cooperatives in the Zhejiang province, and the various attributes...

In a novel experimental design with nearly 10,000 adults and children, we study how adults in two societies characterized by very different levels of income inequality, Shanghai (China) and Norway, make real distributive choices involving children. We document a large cross-societal difference...

We document frequent occurrences of negative conversion premium (NCP) events in the Chinese convertible bond market, when the bond is convertible and the underlying stock can be freely sold. This implies that when an NCP event occurs, existing stock holders can earn a riskless profit through a...

We find a strong and robust credit penalty effect on heavily-polluting firms of the 2012 'Green Credit Guidelines' (GCG) of China. Heavily polluting firms' access to both short-term and long-term bank credit reduces dramatically. We also find some evidence of a credit rewarding effect —...