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Abstract: This article proposes a uniform functional inference method for nonparametric regressions in a panel-data setting that features general unknown forms of spatio-temporal dependence. The method requires a long time span, but does not impose any restriction on the size of the cross section or the strength of spatial correlation. The uniform inference is justified via a new growing-dimension...
Although traditional research on human capital shows that it enhances employment success, its role in the job search process is unclear. To explain its weak effects in previous studies, this study draws on goal system theory to propose that human capital may act as a double-edged sword: On one hand it facilitates the ease of gaining employment, on the other hand it may compromise the fre...
Abstract: The special issue, Rethinking Innovation and Development Discourses in the Light of COVID-19’ co-edited by Dr. Fayaz Ahmad Sheikh from Zhejiang University International Business School together with Prof. Xiaobo Wu, Dean of the School of Social Science Zhejiang University is published online by Sage’s Journal ‘Science Technology and Society’. This special issue empirically explo...
Abstract: This article investigates the response of monetary policy to financial instability in China. We estimate a forward-looking Taylor rule model with a constructed comprehensive financial stress index using the time-varying coefficient method. Empirical results suggest that financial stability has always been a main concern for China’s monetary authorities even in periods with low financial...
Abstract: Currently, the global situation of COVID-19 is aggravating, pressingly calling for efficient control and prevention measures. Understanding the spreading pattern of COVID-19 has been widely recognized as a vital step for implementing non-pharmaceutical measures. Previous studies explained the differences in contagion rates due to the urban socio-political measures, while fine-grained geo...
Abstract: The recent financial crisis revealed that banks, especially these large and complex banks, are opaque to be monitored by regulators. In an ideal world, regulators are hoping all banks to be self-disciplined. That will reduce a lot burdens for regulators. However, in practice, it is not always the case as there will be by nature information asymmetric or information frictions between bank...
Abstract: With the growth of on-demand services, consumers are increasingly concerned about information privacy. While the direct relationship between prior self-disclosure and privacy concern has been extensively examined, the mediating mechanism remains as a black box. Revealing this black box can broaden the theoretical understanding of this important relationship, and also provide implications...
Abstract: Most studies on disruptive innovations have focused on developed economies and little work examines this type of innovation in and from emerging economies. Moreover, previous studies on disruptive innovations have not investigated the processes behind. This study begins to fill these research gaps. Analysing disruptive innovations in and from China, we identify three important difference...
Abstract: How do events, especially rare external events such as financial crises, wars, natural disasters, and the COVID-19 pandemic, affect the efficacy of entrepreneurial passion to drive organizational innovation? This study investigates the moderating role of events and entrepreneurs’ competence to exploit the events (opportunity competence) in the relationship between entrepreneurial passio...
Abstract: Based on daily data of 749 active online P2P lending platforms in Chinese market, this study explores the key factors affecting the net cash inflow rate of the platform which is vital for its operation and survival from the perspective of reputation, structure design and FinTech ecosystem. Internal governance issues of P2P lending platforms are further discussed according to the model re...
Abstract: Many retailers (e.g., Amazon, Walmart) use various types of online recommendation agents (RAs) on their websites to suggest goods and services to consumers. These RAs screen millions of options to ease consumers’ information search and evaluation. To determine which RA types best support consumers’ efforts, the present research reports a meta-analysis of perceived recommendation qualit...
This paper tests the asymmetry in government spending multipliers using the panel data in the US postwar states. Empirical results show that output and employment rate respond asymmetrically to military procurement spending shocks with different signs and magnitudes. Our findings suggest that expansionary multipliers are much larger than contractionary multipliers, and that small-scale spending sh...
