As digital technologies rapidly transform global economies, the digital financial inclusion index (DFII) has emerged as a critical driver of economic growth, particularly in developing regions. In the context of China, where regional economic disparities persist, the expansion of digital...

Informal finance plays an important role in transitional economies with weak legal institutions, like China. As a major informal finance instrument, trade credit relies on informal institutions and enforcement. We argue that religion enhances the ethical climate of business and predict that...

We address two main questions: (1) Do firms with greater gender diversity on their boards benefit from a reduction in the cost of private equity placements (PEPs)? That is, do they benefit from a reduction in wealth effects? (2) Do firms with greater gender diversity on their boards enjoy higher...

In this paper, we assess the impacts of re-intermediation on borrowers and investors on China's P2P lending platform, using data collected from ppdai.com. We define re-intermediation in terms of bankers, which are investors having frequent borrowing and bidding activities simultaneously on the...

Accessibility to loans for house purchases in urban China is problematic. Continuing governmental efforts to control rising house prices has affected consumers' ability to find funding, with different consequences for the various buyer segments of the population. These result from differences in...

China clearly deserves more attention in relation to corporate and financial law research. Apparently, there are some deep-rooted problems and structural issues restraining the efficient function of the market and inhibiting future market expansion. This paper concerns the fundamental problems...

The paper investigates the influences of financial development on patterns of industrial specialization across China's regions. We find that industrial sectors reliant on access to external finance are found to concentrate in regions with developed financial markets. Both foreign direct...

As witnessed during the 1997/98 Asian financial crisis, the dependency on short-term foreign capital for long-term investment made the region vulnerable to the sudden reversal of capital inflows. Rapid capital outflows not only caused the collapse of the financial system but also a sharp...

This paper investigates the role of punctuation in the peer-to-peer (P2P) lending market. Using data from Renrendai, one of the largest P2P lending platforms in the People’s Republic of China, we investigate how the amount of punctuation used in loan descriptions influences the funding...

China's financial system has been integral to its spectacular economic growth over the past 40 years. We review the recent literature on China's financial system and its connections to the Chinese economy based on the categories of Aggregate Financing to the Real Economy (AFRE), a broad measure...