There is a growing interest in understanding the economic consequences of religious belief. Using unique dataset which surveys thousands of villages, this paper investigates the effect of religious beliefs on rural elderlies’ self-employment in China. The empirical results show that,...

This paper constructs a simple model to reveal the trade-off between decentralized and centralized governance structure of large state-owned enterprises (SOEs) in China. Our model shows that the delegation of decision making authority to SOE managers would enhance their initiative in terms of...