We study the interaction effect of financial intermediaries and family ties on people’s labor participation and employment type in China Although the effects of financial intermediaries and family ties on employment behavior have already been studied

Considered as a key component of human capital, mental health has drawn substantial scholarly attention for its effect on people’s health status and economic outcome When facing the challenge of stress, people’s heterogeneity in cognitive ability

Technological imitation may play a crucial role in motivating firms to innovate However, theoretical predictions and empirical findings on the role of imitation have not yet reached a consensus

Using a semiparametric smooth-coefficient partial adjustment model, this study finds evidence for asymmetric peer effects on capital structure adjustment speeds

We examine the effect of stock liquidity on a firm’s choice between debt and equity when funding its investment activities

Using US patent data for the period 1977–2005, we find that there are inverted-Ushaped relationships between the degree of industry-level technological imitation and industry-level innovation activities and between the degree of industry-level

This paper proposes a politico-economic theory of public debt dynamics that a policy maker decides on fiscal policies for being elected by voters of overlapping generations who face uninsurable idiosyncratic risk on their disposable incomes

This study examines the effects of uncertainty on the value of cash holdings

Detecting and predicting financial bubbles have become crucially important because of the economic significance of endogenous market crashes

Observed bequest patterns of widely diverse societies are polarized into equigeniture (dividing bequests equally) and unigeniture (giving all to one child)