期刊：
INTERNATIONAL JOURNAL OF CLIMATE CHANGE STRATEGIES AND MANAGEMENT,2024年16(1):1-18 ISSN：1756-8692
通讯作者：
Tong, QM
作者机构：
[Liu, Xuan; Tong, Qingmeng; Ran, Shan; Tong, QM] Cent China Normal Univ, Sch Econ & Business Adm, Wuhan, Peoples R China.;[Zhang, Lu; Zhang, Junbiao] Huazhong Agr Univ, Coll Econ & Management, Wuhan, Peoples R China.
通讯机构：
[Tong, QM ] C;Cent China Normal Univ, Sch Econ & Business Adm, Wuhan, Peoples R China.
关键词：
Agricultural internet information (AII);Climate resilience;China;Rice production;Recursive binary probit model
摘要：
Purpose
The main purpose of this study is to examine the impact of agricultural internet information (AII) acquisition on climate-resilient variety adoption among rice farmers in the Jianghan Plain region of China. Additionally, it explores the influencing channels involved in this process.
Design/methodology/approach
Based on survey data for 877 rice farmers from 10 counties in the Jianghan Plain, China, this paper used an econometric approach to estimate the impact of AII acquisition on farmers’ adoption of climate-resilient varieties. A recursive bivariate Probit model was used to address endogeneity issues and obtain accurate estimates. Furthermore, three main influencing mechanisms were proposed and tested, which are broadening information channels, enhancing social interactions and improving agricultural skills.
Findings
The results show that acquiring AII can overall enhance the likelihood of farmers adopting climate-resilient varieties by 36.8%. The three influencing channels are empirically confirmed. Besides, educational attainment, income and peer effects can facilitate farmers’ acquisition of AII, while climate conditions and age significantly influence the adoption of climate-resilient varieties.
Practical implications
Practical recommendations are put forward to help farmers build climate resilience, including investing in rural internet infrastructures, enhancing farmers’ digital literacy and promoting the dissemination of climate-resilient information through diverse internet platforms.
Originality/value
Strengthening climate resilience is essential for sustaining the livelihoods of farmers and ensuring national food security; however, the role of internet information has received limited attention. To the best of the authors’ knowledge, this study is the first to examine the casual relationship between internet information and climate resilience, which fills the research gap.
作者机构：
[Liu, Botao; Tu, Zhengge; Liu, BT] Cent China Normal Univ, Sch Econ & Business Adm, Wuhan 430079, Peoples R China.;[Liu, Botao; Tu, Zhengge; Liu, BT] Cent China Normal Univ, Res Ctr Low Carbon Econ & Environm Policies, Wuhan 430079, Peoples R China.;[Kong, Jiayang] Qinghai Univ Sci & Technol, Coll Comp & Informat Sci, Xining 810016, Peoples R China.;[Kong, Jiayang] Qinghai Univ, Dept Comp Technol & Applicat, Xining 810016, Peoples R China.;[Sun, Liping] Shandong Normal Univ, Audit Off, Jinan 250014, Peoples R China.
通讯机构：
[Liu, BT ] C;Cent China Normal Univ, Sch Econ & Business Adm, Wuhan 430079, Peoples R China.;Cent China Normal Univ, Res Ctr Low Carbon Econ & Environm Policies, Wuhan 430079, Peoples R China.;Cent China Normal Univ, Sch Math & Stat, Wuhan 430079, Peoples R China.
关键词：
digital economy;entropy method;internet development;regional development imbalance;rural-urban income gap
摘要：
Currently, the Chinese government is considering two major strategies, namely, developing the digital economy and achieving common prosperity, to address regional development imbalances. Using panel data from 276 Chinese cities spanning from 2011 to 2019, the article first employs the entropy method to measure China’s digital economy development, digital fusion application, and Internet accessibility. Subsequently, the paper evaluates the influence of the digital economy on regional development imbalances, focusing on the rural-urban income gap. The results show a significant reduction in the rural-urban income gap due to digital economy development. Notably, digital fusion applications have a greater impact on reducing the rural-urban income gap than Internet accessibility. In addition, a heterogeneity analysis reveals that the influence of the digital economy on the rural-urban income gap is only reflected in the eastern and western regions, with a more substantial effect observed in the western region. This study, to some extent, helps Chinese government officials distinguish the diverse impacts of different dimensions and regional variations in digital economies on the rural-urban income gap. Such insights can guide the government in strategically advancing digital economy development to accelerate the mitigation of regional disparities and achieve sustainable economic development.
摘要：
As the relationship between climate change and agricultural production increasingly gains attention, the FAO recommends the adoption of climate-smart agriculture practices (CSAPs) to ensure the stable development of agriculture amidst changing climatic conditions. However, the adoption rate of CSAPs remains low and the effects of livelihood capitals have received little attention. Based on the survey data for 916 farmers in the Jianghan Plain of China, this paper adopts a multivariate Probit model to examine the impact of farmers’ livelihood capitals which are measured by an entropy-TOPSIS approach on their adoption of CSAPs. Our results demonstrate that different livelihood capitals exert various influence on the adoption of CSAPs. Specifically, human, financial, physical, and social capital have positive relationships with pesticide-oriented CSAPs such as integrated pest management (IPM). Natural capital has a positive relationship with seed- and water- oriented CSAPs like tolerant rice varieties (TRV). Natural capital positively relates to soil-oriented CPSPs including rice straw mulching (RSM) while physical capital has a negative effect. Natural and physical capitals have positive relationships with fertilizer-oriented CSAPs like deep placement of fertilizer (DPF). Social and natural capitals have positive relationships with soil-oriented CSAPs such as no-tillage direct seeding (NTDS) while financial capital has a negative effect. Climate factors are also important in the adoption of CSAPs such as TRV and RSM. Finally, policy recommendations are suggested to enhance household livelihood capitals to promote the adoption of each type of CSAP.
作者机构：
[Su, Kuangxi] Xinyang Normal Univ, Sch Math & Stat, Xinyang, Peoples R China.;[Yao, Yinhong] Capital Univ Econ & Business, Sch Management & Engn, Beijing, Peoples R China.;[Zheng, Chengli] Cent China Normal Univ, Sch Econ & Business Adm, Wuhan, Peoples R China.;[Xie, Wenzhao] Changjiang Secur Co Ltd, Wuhan, Peoples R China.
通讯机构：
[Chengli Zheng] S;School of Economics and Business Administration, Central China Normal University, Wuhan, China
关键词：
Portfolio selection;Empirical mode decomposition;Correlation coefficient test;Financial data denoising
期刊：
Journal of Forecasting,2024年43(3) ISSN：0277-6693
通讯作者：
Yu, X
作者机构：
[Yu, Xing] Cent China Normal Univ, Sch Econ & Business Adm, Wuhan, Peoples R China.;[Li, Yanyan] Renmin Univ China, Sch Finance, Beijing, Peoples R China.;[Wang, Xinxin] Shandong Univ, Sch Econ, Jinan, Peoples R China.;[Yu, Xing] Cent China Normal Univ, Sch Econ & Business Adm, Wuhan 430079, Peoples R China.
通讯机构：
[Yu, X ] C;Cent China Normal Univ, Sch Econ & Business Adm, Wuhan 430079, Peoples R China.
摘要：
Abstract This paper aims to study the phased influencing factors of renminbi (RMB) exchange rate (CNY against USD) and investigate the predictability of the factors selected by multimodel. We first take the time points when China's main exchange reform policies are launched as the demarcation points and divide the entire sample from July 2005 to December 2020 into three periods. Then, we select the potential predictors using several sources, including all factors (without any selection), the factors selected by each of the five commonly used machine learning methods, the significantly correlated factors selected by traditional regression analysis method, and multimodel‐driven factors. Finally, we predict the exchange rate based on the above selected factors and compare the prediction results. The research results show that the main influencing factors are different in different periods, and the influence of phase events cannot be ignored. Even if their influence on the exchange rate has decreased as a result of the “811” exchange rate reform, the money supply and foreign exchange reserves continue to be the primary drivers of RMB exchange rates during the whole period of the sample. Additionally, RMB exchange rate forward is a robust influencing factor in all periods. By comparing the forecast errors, we find that the prediction accuracy of the factors selected based on multimodel is higher than that of the factors selected based on a single method or the tradition method. The findings of this paper provide the following insights for exchange rate managers: In exchange rate risk management, it is important to pay attention to the impact of macroeconomic factors such as foreign exchange reserves and the impact of staged events, and market expectations of exchange rates are equally important. At the technical level, it is recommended to improve the forecasting accuracy by forecasting exchange rates based on common factors selected by multiple better machine learning methods simultaneously rather than those selected by a single method.
关键词：
Enterprise investment preferences;Environmental legislation;New environmental protection law
摘要：
China's New Environmental Protection Law (NEPL) represents a significant shift from the traditional administration to environmental legalization. Polluting enterprises face more pronounced contradictions between short-term environmental compliance and long-term development. Therefore, based on the CNRDS and CSMAR databases, this paper uses the 2015 NEPL as a quasi-natural experiment to investigate the micro-effects and mechanisms of environmental legislation on firms' investment preferences and environmental performance. The main findings of this paper are as follows. (1) The implementation of the NEPL effectively promotes the key pollutant-discharge enterprises (PDEs) to increase similar financial and environmental investment, and furthermore, the endogenous financing attributes of short-term financial investments can also provide financing for long-term environmental investment. This is due to the "reservoir" motive and the improvement in the executives' environmental awareness and green attention. (2) The NEPL exhibits heterogeneous policy effects. The key PDEs with political connections are more concerned about environmental management and investment. However, the NEPL's positive impact on environmental investment is weakened in regions with high levels of environmental justice. (3) A shift in the key PDEs' investment structure triggers a series of economic and environmental effects, such as increasing their risk-taking capacity, reducing environmental uncertainty, and significantly improving green patents. This paper provides policy implications for the process of environmental legalization in China and other developing countries.
摘要：
This paper uses the accelerated depreciation policy for fixed assets implemented by Chinese tax authorities since 2014 to explore the relationship between tax incentives and earnings management. Results report the following: (1) The accelerated depreciation policy for fixed assets causes a significant increase in earnings management and the result persists after accounting for endogeneity problems; and (2) the accelerated depreciation policy for fixed assets has a more significant effect on firms with small pre-policy book-tax differences and low pre-policy investment growth. This paper supplements the research that tax policy affects earnings management behavior of firms.
摘要：
Using the first unified and stringent financial regulatory policy for the asset management industry as a quasi-natural experiment, this study identifies the causal effect of New Asset Management Regulation on corporate R & D investment by using the difference-in-differences method. We find that the implementation of NAMR can promote corporate R & D investment, which supports regulatory effectiveness. The mechanism tests show that the implementation of NAMR reduces firm financialization and alleviates financing constraints, thereby increasing corporate R & D investment. The heterogeneity tests show that this effect is more pronounced in non-state-owned enterprises, firms located in the region with a higher degree of marketization, and firms with more media attention. Overall, our findings reveal that the implementation of NAMR has positive effects on corporate R & D investment, which provides fresh insights into the positive effects of stringent financial regulation.
摘要：
Carbon dioxide (CO2) emissions and climate change risk have become constraints on global economic sustainable development. Environmental regulation (ER) is a key method for achieving synergy in CO2 and pollution reduction in China. This paper is the first study to explore the effects of ER on CO2 emissions by exploiting the National Environmental Protection 11th Five-Year Plan (NEP11-FYP). The implementation of the NEP11-FYP significantly decreases CO2 emissions by 19.73% in key environmental cities relative to other cities. Heterogeneity analyses suggest that this negative impact is larger in western cities and cities with more pressure to reduce CO2 emissions. Scale effects, structural effects, and technical effects might be three potential influencing channels through which ER contributes to the CO2 reduction effect. In addition, the results of the spatial externality of the NEP11-FYP demonstrate a positive spillover effect in neighboring cities within a distance of 300 km and a negative spillover effect in cities more than 500 km away. Our empirical findings provide policy implications for implementing low-carbon transition strategies and reducing CO2 emissions. (c) 2023 Economic Society of Australia, Queensland. Published by Elsevier B.V. All rights reserved.
期刊：
Energy Economics,2023年126:106978 ISSN：0140-9883
通讯作者：
Xu, JB
作者机构：
[Zhu, Junpeng; Wu, Shaohui] Cent China Normal Univ, Sch Econ & Business Adm, Wuhan, Peoples R China.;[Xu, JB; Xu, Junbing] Minjiang Univ, NewHuadu Business Sch, Fuzhou 361005, Fujian, Peoples R China.
通讯机构：
[Xu, JB ] M;Minjiang Univ, NewHuadu Business Sch, Fuzhou 361005, Fujian, Peoples R China.
关键词：
Abatement effect;Total emission control policy;SO (2) emissions;China
摘要：
The Total Emission Control (TEC) policy has been implemented in China for >20 years and plays a pivotal role in China's environmental governance system. Given the current reality of prominent environmental issues in China, there is ongoing controversy regarding whether the TEC policy has effectively reduced pollution as desired. Inspired by this, this paper takes the TEC policy implemented in the 11th Five Year Plan as an example, and based on the manually collected city-level SO2 emission reduction targets, we construct a difference-in-differences evaluation framework to investigate the abatement effect of the TEC policy. The results demonstrate a significant reduction in SO2 emissions resulting from the implementation of the TEC policy. A series of identification tests verify the robustness of the findings. The mechanism analysis shows that the end-of-pipe treatment and cleaner production are important channels to achieve the abatement effect, while the scale effect is deemed insignificant. Heterogeneity analysis shows that the policy effect varies significantly across different types of firms and regions. The conclusions contribute not only to a comprehensive understanding of the TEC policy, but also provide an important practical value for building a modern pollution control system and promoting the construction of ecological civilization.
摘要：
Purpose
Drawing on the dual-strategies theory of social rank and leader distance theory, this paper aims to investigate the influence of supervisor bottom-line mentality (BLM) on employee knowledge-related behaviors by considering the mediating role of perceived leader prestige or dominance and the moderating role of supervisor–subordinate guanxi (SSG).
Design/methodology/approach
This study collected survey data from 185 research and development employees in East China at three-time points. The authors conducted path analysis and bootstrapping-based analytic approach to test the hypotheses by Mplus7.0.
Findings
The results showed that supervisor BLM has a negative effect on employee knowledge sharing and a positive effect on knowledge hiding. Besides, perceived leader prestige or dominance mediated the relationship between supervisor BLM and employee knowledge hiding. Furthermore, SSG moderated the relationship between supervisor BLM and perceived leader prestige or dominance, as well as the indirect effects of supervisor BLM on knowledge hiding via perceived leader prestige or dominance.
Originality/value
There is limited research on investigating the influence of supervisor BLM in the field of knowledge management. The authors carried out this study to provide evidence of how and when supervisor BLM affects employee knowledge sharing and hiding.
作者机构：
[Shen, Renjun] Cent China Normal Univ, Sch Econ, Business Adm, Wuhan, Peoples R China.;[Shen, Renjun] Cent China Normal Univ, Res Ctr Lowcarbon Econ & Environm Pol, Wuhan, Peoples R China.;[Huang, Shiqian] Peking Univ, Grad Sch Educ, Beijing, Peoples R China.;[Huang, Shiqian] Peking Univ, China Inst Educ Finance Res, Beijing, Peoples R China.;[Yang, Shubin] Univ Westminster, Westminster Business Sch, London, England.
通讯机构：
[Shubin Yang] W;Westminster Business School, University of Westminster, London, UK
关键词：
Industrial redistribution;regional development and climate;population migration;CO2 emissions
作者机构：
[Lu, Junli; Li, Yanyan; Yu, Xing; Shen, Xilin] Cent China Normal Univ, Sch Econ & Business Adm, Wuhan 430079, Peoples R China.
通讯机构：
[Xing Yu] S;School of Economics and Business Administration, Central China Normal University, Wuhan, 430079, China
关键词：
Futures hedging;Market state dependent;Model driven strategy;Synchronous movement intensity
摘要：
Risk and return are two fundamentals that have an impact on an investor???s or hedger???s investing choices. Based on the proposed synchronous movement intensity index, this paper aims to improve the hedging performance by adjusting the model-driven hedge ratio and realize the trade-off between return and risk in futures hedging. First, without loss of generality, we forecast crude oil spot and futures volatility using 10 GARCH-type models, including three linear models and seven nonlinear models, to obtain the ex-ante hedging ratio under the minimum variance framework. Then, we develop a novel and tractable method to identify the market state based on the index of consistency intensity, in which the index portrays the synchronous degree of stock price movements in the energy sector. Last but not least, we propose the hedge ratio adjustment criteria based on the identified state, and adjust the ratio driven by GARCH-type models of futures in accordance with the market state. Empirical results of crude oil futures markets indicate that the proposed state-dependent hedging model is superior to the commonly used models in terms of three criteria including mean of returns, variance, and ratio of mean to variance of returns for measuring hedging effect. We apply the DM test to make a statistical inference and discover that while the mean and the ratio of mean to variance of returns are increasing, the variance and hedging effectiveness of the hedged portfolio based on the modified methods are not significantly affected. Furthermore, the superiority of the proposed method is robust to different market conditions, including significant rising or falling trends, large basis, and COVID-19 pandemic. We also test the robustness of the proposed method with respect to the baseline model, quantile, and evaluation window. Overall, this paper provides a more realistic approach for crude oil risk managers to hedge crude oil price risk, some corresponding implications are also concluded.
作者机构：
[Liu, Botao; Tu, Zhengge; Cao, Yu] Cent China Normal Univ, Sch Econ & Business Adm, Wuhan 430079, Peoples R China.
通讯机构：
[Botao Liu] S;School of Economics and Business Administration, Central China Normal University, Wuhan 430079, China<&wdkj&>Author to whom correspondence should be addressed.
摘要：
In the context of building a “Beautiful China”, it is imperative to strengthen environmental regulations to restrict industrial pollution emissions. However, there are significant differences of regulations intensity among different regions, which will lead to an increase in the cost of compliance with regulations for polluting industries, so these industries tend to transfer from areas with strong environmental regulations to areas with weak environmental regulations. Based on the panel data of 282 prefecture-level cities and national patent data from 1994 to 2010, this paper constructs a difference in difference model (DID) to empirically study the impact of environmental regulations on regional industrial transfer and its mechanism. We find that, firstly, the “Two-Control Zones” policy has significantly promoted regional industrial transfer, and its effect has gradually increased in the long run. Then, the promotion effect of the “Two-Control Zones” policy on regional industrial transfer is heterogeneous among different regions due to the regional market environment and resource endowment; that is, the promotion effect is the greatest in Central China, then in Eastern China, and finally in Western China. At the same time, the frequency of industrial transfer in areas with high resource dependence is significantly lower than that in areas with low resource dependence. Finally, mechanism studies find that environmental regulation enhances inter-regional industrial liquidity and promotes regional technological innovation, and the role of environmental regulation on technological innovation is more obvious in regions with weak industrial liquidity. This proves that the “Pollution Heaven Hypothesis” and the “Porter Hypothesis” can be established at the same time in the Chinese context, which provides more reliable empirical evidence for the government to formulate environmental regulations, restrict pollution emissions, and balance environmental governance and sustainable economic development.
摘要：
With the rapid development of the economy, individuals are gradually raising awareness of the impacts of their daily behaviors on the environment. This paper uses household survey data from China Family Panel Studies to investigate the influence of trade liberalization on Chinese residents’ pro-environmental behaviors. The results first reveal that trade liberalization has a significant positive impact on residents’ pro-environmental behaviors, implying that trade liberalization is conducive to promoting residents’ daily behaviors in a less environmentally harmful manner. Second, the impacts of trade liberalization on residents’ pro-environmental behaviors are heterogeneous depending on regions, household sizes, and household incomes per capita. Third, trade liberalization helps residents form environmentally friendly living habits by the mechanisms of improving income, promoting urbanization, and increasing the government’ss investment in waste disposal. Our study provides insights into regulating residents’ pro-environmental behaviors and improving environmental quality in emerging economies.
作者机构：
[Xiang, Jingjie] Cent China Normal Univ, Sch Econ & Business Adm, Wuhan, Peoples R China.;[Guo, Gangzheng] China Construct Bank, Beijing, Peoples R China.;[Li, Jiaolong] Zhongnan Univ Econ & Law, Sch Stat & Math, Wuhan, Peoples R China.
通讯机构：
[Jiaolong Li] S;School of Statistics and Mathematics, Zhongnan University of Economics and Law, Wuhan, China
作者机构：
[Wang, Yang] Wuhan Univ, Econ & Management Sch, 299 Bayi Rd, Wuhan 430072, Peoples R China.;[Tian, Chenling] Cent China Normal Univ, Sch Econ & Business Adm, 382 Xiongchu Rd, Wuhan 430079, Peoples R China.;[Jiang, Xia] Nanjing Univ, Business Sch, 22 Hankou Rd, Nanjing 210093, Peoples R China.;[Tong, Yang; Tong, Y] Zhejiang Normal Univ, Coll Econ & Management, China Afr Int Business Sch, 688 Yingbin Rd, Jinhua 321004, Peoples R China.
通讯机构：
[Jiang, X ] N;[Tong, Y ] Z;Nanjing Univ, Business Sch, 22 Hankou Rd, Nanjing 210093, Peoples R China.;Zhejiang Normal Univ, Coll Econ & Management, China Afr Int Business Sch, 688 Yingbin Rd, Jinhua 321004, Peoples R China.
关键词：
executive green leadership;scale development;green manager;green person
摘要：
Drawing on the existing research on green leadership, this paper first examines the concept and structure of executive green leadership and develops a preliminary scale to measure executive green leadership. The confirmatory factor analysis is adopted to verify and revise the scale. The results show that green leadership and green person are the two main structures of executive green leadership, and the scale developed in this paper is of good reliability and validity. After data analysis, this paper then explores the antecedents of executive green leadership. The results show that factors such as corporate executives’ internal moral identity, conscientiousness, pro-environmental intention, command-based environmental regulation, market-based environmental regulation, and corporate green image have a significant positive correlation with executive green leadership, while their short-term orientation has a significant negative correlation with the green leadership. This paper defines the concept and structure of executive green leadership and develops the corresponding scale for measuring it, to improve scholars’ and managers’ understanding of executive green leadership.
