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  • May 8, 2019
    Hong Cheng, Ruixue Jia, Dandan Li, Hongbin Li
    ​Abstract:China is the world's largest user of industrial robots. In 2016, sales of industrial robots in China reached 87,000 units, accounting for around 30 percent of the global market. To put this number in perspective, robot sales in all of Europe and the Americas in 2016 reached 97,300 units (according to data from the International Federation of Robotics). Between 2005 and 2016, the ope...
  • March 2, 2019
    ​Cheng Hong, Chen Wen-jin
    ​Abstract: Technological innovation is one of the most important driving forces of enterprise development and economic growth. The existing research based on the analysis of external institutional environment and internal factor input has failed to explain the problem of low efficiency of R&D and innovation in some enterprises. Based on the research above, this paper conducts a comprehensive e...
  • January 22, 2019
    Hong Cheng, Hanbing Fan, Takeo Hoshi, Dezhuang Hu
    NBER Program(s):Corporate Finance, Productivity, Innovation, and EntrepreneurshipAbstract:The Chinese government has been using various subsidies to encourage innovations by Chinese firms. This paper examines the allocation and impacts of innovation subsidies, using the data from the China Employer Employee Survey (CEES). We find that the innovation subsidies are preferentially allocated to st...
  • December 21, 2018
    Lei Cheng, Hong Cheng, Ziyin Zhuang
    ​Abstract:In this paper, we attempt to reconcile the mixed effects of political connections on corporate innovation. Using the China Employer-Employee Survey (CEES), we find political connections contribute to innovative activities for those firms with innovative entrepreneurs but impedes innovative activities for those without innovative entrepreneurs. After solving the endogeneity problems ...
  • December 11, 2018
    CHENG Hong,BAI Yun
    ​Abstract:Over the years, excess capacity has always been an important obstacle which restricts the economy of China developing towards high quality.Different from the existing literature which explains excess capacity from structural perspective, this paper selects the microscopic perspective which is about CEO coming from the public sector. Using the theory of political relevance, this pape...
  • November 23, 2018
    ​Daqian Shi, Zhecheng Zhang
    ​Abstract: The inconsistent relationship between education inequality and income inequality in the past litera⁃ture is mainly due to the neglect of structural factors of educational inequality. This paper decomposes educational inequality into unequal educational opportunities and unequal educational efforts. The relationship between educational inequality and income disparity should depend o...
  • November 7, 2018
    Cheng Hong, Wang Mingming, Li Tang
    ​Abstract: The issues related to the growth of Total Factor Productivity ( TFP) about the China economy have always been the focus of research in the field of economics at home and abroad.Different from the existing literature,such as the research from the macro perspectives of human capital,R&D innovation and industrial agglomeration. This paper innovatively chose the micro -perspective ...
  • October 31, 2018
    Shi Daqian,Yang Yongwen
    ​Abstract: Previous literatures on the impact of FDI on firm innovation focus on its unilateral effect and neglect the bilateral effect of FDI. Based on the data of China's large and medium-sized industrial enterprises at the provincial level in 1998 ~2015,this paper calculates the crowding out effect,spillover effect and net effect of FDI on enterprise innovation by using the bilateral st...
  • October 9, 2018
    ​Hong Cheng, Chuan Chen , Dandan Li, Hongwei Yu
    ​Abstract:The great improvement in economic wealth and social welfare over the decade doesn’t promote the Chinese people’s happiness. We construct a theoretical framework which covers economic wealth, social welfare, individual functional capability to explore the impact factors and determinants of the Chinese people’s happiness. Based on a national wide questionnaire survey in China, we t...
  • September 5, 2018
    Fan Yu, Pingtian Wang, Yun Bai and Dandan Li
    Abstract:Purpose–According to the real environment of China, the authors collect micro data about Chinese family firms (FFs) to explain why some Chinese FFs still tend to introduce external managers though they have to face governance conflict between family-based managers and external managers.Design/methodology/approach–This study analyzes the effect of governance conflict between familybas...
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