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What Gets Measured Gets Managed: Investment and the Cost of Capital

Zhiguo He, Guanmin Liao, Baolian Wang, Aug 09, 2023

To improve capital allocative efficiency, starting in 2010, Chinese regulators switched from using return on equity to economic value added (EVA).

Microgiving with Digital Platforms

Xiheng Jiang, Jianwei Xing, Jintao Xu, Eric Zou, Nov 30, 2022

“Microgiving,” a new model of fundraising made possible by digital technologies, is premised on the notion that charities can raise substantial funds by soliciting minuscule donations from many individuals.

Demand for Retirement Insurance: What Do People Want?

Cheng Wan, Hazel Bateman, Hanming Fang, Katja Hanewald, Oct 02, 2024

This article discusses the diversity and preference variations in the demand for retirement insurance among urban residents in China, particularly the high demand for health-related insurance such as critical illness (CI) and long-term care (LTC) insurance, and how individual financial circumstances, risk appetites, and bequest motives significantly influence their choice of retirement insurance products.

Can Environmental Regulation Enhance Productivity? Evidence from China’s Industrial Sector

Yangsiyu Lu, Jacquelyn Pless, Feb 19, 2025

Our study also contributes to the broader discourse on industrial policy (see Juhász, Lane, and Rodrik 2023 for a recent review of related academic literature). As debates about green industrial policy gains traction in the U.S., Europe, and beyond, there is revived interest in developing a better understanding of how it might impact economic activity. Although economic growth and environmental regulation are often pitted against each other, our findings suggest that this need not be the case.

Increasing government transparency reduced pollution violations and improved air quality in China

Mengdi Liu, Mark Buntaine, Sarah Anderson, Bing Zhang, Sep 03, 2025

Government transparency helps bridge gaps between environmental laws and actual practices, improving health and environmental quality broadly.