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Discussion of "Reallocating and Pricing Illiquid Capital: Two Productive Trees"
Abstract:

Kai Li*

ARTICLE | International Economic Review Special Issue: Financial Frictions for Firms and Households: Implications for Economic Development and Government Policies| 2025、66、5：1909-1911

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Productive Demand and Sectoral Capacity Utilizatio
Abstract:

Mario Rafael Silva, Marshall Urias

ARTICLE | Economic Modelling | 2025、153

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University Scientists' Willingness to Participate in Public Engagement: A Concept Explication
Abstract:

Becca Beets, Mikhaila N Calice, Lindsey Middleton, Dominique Brossard, Dietram A Scheufele, Luye Bao, Todd P Newman, Jo Handelsman

ARTICLE | PloS one| 2025、20、11：e0337189

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Hold up an Umbrella on Rainy Days: The Insurance-Like Effects of Brand Equity and Corporate Social Responsibility During Chinese Product-Harm Crises
Abstract:

Yaopan Yang, Songsong Li, Daquan Gao, Jin Wang

ARTICLE | Humanities & Social Sciences Communications |2025、12、1

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Does Adult Digital Learning Pay Off? The Impact on Labor Market Returns
Abstract:This paper investigates the labor market returns to adult digital learning. We find that digital learning generates a 6.9% increase in labor income, with sustained positive dynamic effects. Building on a theoretical model that incorporates online training, we empirically demonstrate that digital learning both accumulates human capital and reduces learning costs through flexible, fragmented ...

Wei Lei, Chenxuan Chen*

ARTICLE | Review of Income and Wealth |2025、71、4

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De-Politicization and Corporate Risk-Taking
Abstract:We examine the impact of China's de-politicization regulation Rule 18 on corporate risk-taking. This rule mandates government officials to step down from their positions on the boards of public firms, thereby severing the political ties through official directors. Employing a staggered difference-in-differences design, our study reveals that the collapse of political connections results in ...

Yinghui Chen*, Ting Ren, Youzhi Xiao, Heng Yue

ARTICLE |Emerging Markets Review | 2025、69

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The Effect of NFT Visual Quality on Consumer Evaluations of Luxury Goods in the Metaverse
Abstract:

Jungkeun Kim, Areum Cho, Tae Hyun Baek*, Jooyoung Park, Joonheui Bae

ARTICLE |Journal of Retailing and Consumer Services| 2025、87

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US Monetary Policy Spillovers, Maturity Mismatch and Chinese Corporate Financing Premium
Abstract:The term premium of Chinese corporate bonds has become an important factor driving up the long-term financing rate, which is also highly synchronized with the US policy rate. We establish a Proxy SVAR model to investigate US monetary policy spillovers on the term premium, and we find that tightening US monetary policy leads to capital outflow from China, increasing the term premium, high long-...

Dongzhou Mei, Jiaxin Wang, Mi Zhang*

ARTICLE | China Economic Review| 2025、93

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Heavy Pollution Attributes and Firms' Green Investment under Power Shortage Risk
Abstract:As public concern for environmental protection grows, firms' attention on pollution governance is increasing, making green investment the optimal avenue for businesses to address this issue. By matching the data on power shortage risks at the urban level and Chinese listed firms, this study explores the impact of firms' pollution attributes on green investment. It examines the moderating effect ...

Xin Liu, Bowen Li*, Zihao Wang

ARTICLE |Journal of Energy Engineering |2025、151、5

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The Impact of Fiscal Incentives and Regulatory Constraints on China's Green Bond Rating Evaluations: An Evolutionary Game Analysis and Empirical Study
Abstract:The emergence and growth of green bonds is primarily propelled by policy measures. The players in the green bond rating and evaluation market exhibit significant responsiveness and reliance on government stimuli and regulatory sanctions. This paper considers the four-party participants in the green bond rating evaluation supervision system as an interactive whole and develops a four-party ...

Hanyi Zhao, Shusong Ba, Xuefeng Zhao, Xiangyun Zhou*

ARTICLE |Economic Analysis and Policy| 2025、87：1092-1112

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