Environmental, social responsibility, corporate governance (ESG) are increasingly becoming the consensus of enterprises’ development. However, whether ESG indices enterprises can improve their performance on stock market is rarely studied. In order to examine relationship between enterprise’s and performance, further explore heterogeneity impact in different ownership backgrounds, we conducted an empirical analysis based China’s A-share listed companies. The results show that there a...

In the current international context, ways in which financial technology (FinTech) affects sustainable development need to be urgently identified. However, relevant studies are rare and there is no consensus on optimal indicator system for development. Therefore, this study proposes an evaluate sustainability conducts in-depth analysis of relationship between FinTech based data peer-to-peer platforms (P2P) 31 Chinese provinces. The empirical results show existence a U-shaped development,...

A persistent literature gap exists in understanding the impact of fiscal decentralization on digital economy. This study examines correlation between and development economy drawing province data China from 2013 to 2021. We find that (1): Local government actively nurtures growth local (2). The principal mechanism propelling this phenomenon is augmentation financial facilitated by decentralization, thereby catalyzing overall advancement holds substantial significance global context development.

To help investors understand the profound impact of Taoism in society, this study systematically evaluates its on digital inclusive finance and mechanisms. Based theoretical analysis, makes an empirical analysis based Chinese city-level data from 2011 to 2019, which core explanatory variable "Taoism" encompasses Taoist places religious activity each city, explained "digital finance" is measured using Peking University index. The results show that (1) concept inaction requires people put...

Abstract Research Question/Issue Does geopolitical risk increase a firm's risk‐taking, and will diversification expansion smooth out or exacerbate this effect? Findings/Insights Based on microdata of Chinese A‐share listed companies, we find that (1) significantly increases corporate risk‐taking at both micro macro levels; (2) horizontal can the impact while vertical effect; (3) do not all firms, their effect are limited to non‐state‐owned enterprises firms in manufacturing industries....

Abstract Administrative penalties towards digital technology companies (APDTs) have emerged prominently in recent years as the Chinese government has started to impose these on firms for their increasing frequency of legal violations. These are expected significantly influence behavior businesses various governmental jurisdictions. To investigate impact APDTs level business credit supply (BCS), this paper conducts an empirical analysis grounded theoretical derivation. Using data from cities...

Business credit supply entails a firm providing to its customers as means gain competitive edge. The advent of the digital economy has brought about profound changes in business practices. In this context, it becomes crucial examine how impacts enterprises. This study employs theoretical framework derive insights and carries out an empirical analysis using City Digital Economy Development Index spanning from 2008 2021, along with data A-share listed companies Shanghai Shenzhen. objective is...

This paper introduces household financial decision-making process into the classic intermediation model, which allows us to study impact of households' portfolio choice on behavior and real economy. Our numerical results show that incorporation decision helps stabilize aggregate economy through following channel. A negative shock capital quality reduces total assets intermediaries tightens their lending enterprises. leads a decline in social investment output. Then, responds this by changing...

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The real estate industry plays a significant role in promoting the national economy, and significantly impacts market economy of China.This paper takes Shanghai Shenzhen A-share listed enterprises from 2014 to 2017 as samples study influence that monetary policy's effect on enterprise performance.Empirical results show following results: (1) Interest rate liberalization policy can markedly improve financial performance enterprises.(2) has different effects with developmental history.For...

The paper introduces financial intermediation into the New Keynesian model with rare disasters, analyzes impacts of disaster shock on macro economy, and compares effects different economic recovery policies. Based numerical analysis, this study finds that: (1) risk retains a negative relationship consumption levels, banks increase their leverage ratios to cause accumulation; (2) refinance policy consumer coupon can alleviate fluctuations caused by risks from various channels; (3) is...

The detecting error of azimuth with anti-helicopter mine (AHM) based on narrowband filter and the influence factors are analyzed when frequency target sound source is same as that interfere in perfect field. analysing results show larger flare angle two sources to AHM is, detection becomes; because Doppler effect, can decrease meet system requirements under certain conditions. This lays foundation solving problem field formed from some AHM.