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The linkage between sanctions and infrastructure: How national culture matters Journal of Chinese Economic and Business Studies Pub Date : 2023-12-11 Hieu Thanh Nguyen
This study examines how national culture matters for infrastructure, especially in a severe and uncertain environment arising from the imposition of an economic sanction. To do so, I use the larges...
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The metaverse hype: identifying bubbles and comovements of metaverse tokens Journal of Chinese Economic and Business Studies Pub Date : 2023-12-07 Florian Horky
The present study offers new insights into the financial trends of leading metaverse tokens, exploring their relationship with public attention measured by Google Trends and global stock indices. U...
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From fiction to fact: the growing role of generative AI in business and finance Journal of Chinese Economic and Business Studies Pub Date : 2023-08-09 Boyang Chen, Zongxiao Wu, Ruoran Zhao
ABSTRACT Generative Artificial Intelligence (AI), such as ChatGPT by OpenAI, has revolutionized the business world, with benefits including improved accessibility, efficiency, and cost reduction. This article reviews recent developments of generative AI in business and finance, summarizes its practical applications, provides examples of the latest generative AI tools, and demonstrates that generative
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Money talks, happiness walks: dissecting the secrets of global bliss with machine learning Journal of Chinese Economic and Business Studies Pub Date : 2023-08-09 Rachana Jaiswal, Shashank Gupta
This study endeavors to construct a model for prognosticating happiness by integrating an encompassing theoretical framework and scrutinizing various happiness constructs. The findings reveal that ...
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How great companies deliver both purpose and profit Journal of Chinese Economic and Business Studies Pub Date : 2023-06-09 Alex Edmans
Abstract Critics of capitalism argue that companies need to be heavily regulated, to reduce their profits and redistribute value to society. Defenders of capitalism reply that profits are essential to a well-functioning economy; they fund future investment by companies and provide returns to shareholders, such as households and pension funds. Both views are based on the pie-splitting mentality, that
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Ethnic spatial dispersion and immigrant identity* Journal of Chinese Economic and Business Studies Pub Date : 2023-06-06 Amelie F. Constant, Simone Schüller, Klaus F. Zimmermann
ABSTRACT The role of ethnic clustering in ethnic identity formation has remained unexplored, mainly due to missing detailed data. This study closes the knowledge gap for Germany by employing a unique combination of datasets, the survey data from the German Socio-Economic Panel and disaggregated information at low geographical levels from the last two but still unexploited full German censuses, 1970
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Do low-skilled migrant remittances help achieve SDG 10? Journal of Chinese Economic and Business Studies Pub Date : 2023-05-14 Hajer KRATOU, Rekha Pillai, Taimur Sharif
In this paper we explore the role migrant skill composition plays in remittances and income inequality’ relationships, using a panel study of 53 African countries over the period 1990–2020 and refe...
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Bridging the gap – the impact of ChatGPT on financial research Journal of Chinese Economic and Business Studies Pub Date : 2023-05-13 Yi Cao, Jia Zhai
ABSTRACT In March 2023, the release of GPT-4 and its application, Copilot, astounds the world and thrusts AI into the spotlight in industry, and academia. The incredible superiority of GPT-4 is demonstrated by its ability to achieve high scores on almost all mainstream academic and professional standard exams, Copilot’s capability to accomplish nearly all repetitive office work, and the rapid spread
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The organizational determinants of open innovation: a literature framework and future research directions Journal of Chinese Economic and Business Studies Pub Date : 2023-05-11 Nengzhi(chris) Yao, Karena Yan, Christos Tsinopoulos, Junhong Bai
This paper aims to explore the organizational determinants of open innovation (OI). A review of 154 publications taken from management and innovation journals makes us identify four dimensions of ‘...
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ChatGPT: Systematic Review, Applications, and Agenda for Multidisciplinary Research Journal of Chinese Economic and Business Studies Pub Date : 2023-05-05 Harjit Singh, Avneet Singh
ABSTRACT With the launch of text-based artificial Intelligence (AI) powered ChatGPT by OpenAI, the natural language processing method of communicating has been captivating the business world. Since its launch in November 2022, ChatGPT has been making waves in diverse areas ranging from customer care to healthcare, education to automobiles, and the financial world to communication technology. This study
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What drives financial stability? the nexus between market power and bank efficiency within the East African Community Journal of Chinese Economic and Business Studies Pub Date : 2023-05-02 Moses Nyangu, Nyankomo Marwa, Ashenafi Fanta
ABSTRACT The paper examines the joint effect of market power and different types of bank efficiency on financial stability across 5 countries within the East African Community. Unlike existing studies which have employed efficiency in a broad way, it is decomposed into five different types, that is, technical, pure technical, scale, cost and revenue efficiency. Using a two-step system GMM on 149 banks
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Fraud analytics: a research Journal of Chinese Economic and Business Studies Pub Date : 2023-01-10 B. Baesens
ABSTRACT Fraud is as old as humankind and appears in many types and forms. Popular examples are credit card fraud, tax evasion, identity theft, insurance fraud, counterfeit, click fraud, anti-money laundering, and payment transaction fraud. In earlier research we defined fraud as an uncommon, well-considered, imperceptibly concealed, time-evolving, and carefully organized crime. Nowadays, fraud is
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Does carbon neutrality commitment enhance firm value? Journal of Chinese Economic and Business Studies Pub Date : 2023-01-01 Xinyi Xie, Jianan Lu, Mao Li, Jiang Dai
ABSTRACT This study discusses the stock market reaction to the firm’s carbon neutrality commitments. By hand-collecting firm-level news and stock data, we conduct event studies as well as regression modelling studies. The results show that firms experience losses in market value from committing to being carbon neutral, and the decline in cumulative abnormal returns ranges from −2.09% to −1.21% across
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Banking and innovation: a review Journal of Chinese Economic and Business Studies Pub Date : 2022-11-03 Chen Lin, Sibo Liu, Lai Wei
ABSTRACT We summarize the major findings of empirical studies that examine the effect of banking development on innovation and highlight their relative contributions to our understanding of the various roles the banking sector plays in determining innovation. We reassess the effect of banking development and innovation, extending the scope of analysis to more granular dimensions of innovation and to
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Bubbles all the way down? Detecting and date-stamping bubble behaviours in NFT and DeFi markets Journal of Chinese Economic and Business Studies Pub Date : 2022-10-31 Yizhi Wang, Florian Horky, Lennart J. Baals, Brian M. Lucey, Samuel A. Vigne
ABSTRACT Amid surging market values and widespread regulatory discussion, NFT and DeFi markets are widely perceived as being simply speculative in nature. This paper detects the existence and dates of price bubbles in the NFT and DeFi markets by applying SADF and GSADF tests. We document that NFT and DeFi markets both exhibit speculative bubbles, with NFT bubbles being more recurrent and having higher
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A survey of AI in finance Journal of Chinese Economic and Business Studies Pub Date : 2022-05-29 Yi Cao, Jia Zhai
ABSTRACT In recent years, the dramatically fast development of financial technology (fintech) has played an important role in the production, delivery and consumption of financial products and services. In this survey, we sum up the primary research discoveries in fintech area, which include the possible evolution of fintech’s effect on customer protection, prosperity and the discovery of the asset
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From fragmented space to the Space University Institute Journal of Chinese Economic and Business Studies Pub Date : 2022-05-26 Thomas Hoerber
ABSTRACT Starting from the origin of European space policy and its institutions since WW2, this paper discusses the inconsistency of current institutional settings between the European Space Agency (ESA) and EU space policy. It points out the historical cause of this problematic situation and elaborates how it undermines potential synergies that were envisaged initially. Based on its analysis, it is
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From pandemic to endemic? Learning lessons from a global contagion Journal of Chinese Economic and Business Studies Pub Date : 2022-01-17 Amelia Hadfield
ABSTRACT Covid-19 has had the most profound impact at all levels: globally, nationally, and individually, across every sector imaginable. The ‘spectrum of responses’ represents an emerging structure that decision-makers have created and implanted, to help control the unpredictable nature of the pandemic. From shut down to lock down, from time and location-based unlocking, and back to full release
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Effects of economic policy uncertainty on energy demand: evidence from 72 countries Journal of Chinese Economic and Business Studies Pub Date : 2021-11-29 Yaman Omer Erzurumlu, Giray Gozgor
ABSTRACT This paper examines the effects of economic policy uncertainty on final energy consumption per capita in the panel dataset of 72 countries from 1960 to 2016. Economic policy uncertainty is captured by the World Uncertainty Indices (WUI). We firstly utilize the panel unit root tests with cross-sectional dependence to confirm the stationarity of the series. Secondly, we run various estimation
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Directional change for handling tick-to-tick data Journal of Chinese Economic and Business Studies Pub Date : 2021-10-29 Edward P.K. Tsang
ABSTRACT Time Series (TS) records transactions in a market at fixed intervals. Directional Change (DC) is an alternative way to record transactions: it only records transactions that represent significant price changes in the opposite direction in a trend, where ‘significance’ is observer-defined. In this paper, we argue that DC is particularly suitable for recording and analysing tick-to-tick data
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Leaders, institutions and people during Covid-19 : Secret of Asian success Journal of Chinese Economic and Business Studies Pub Date : 2021-10-20 Ajit Bhalla, Jing Fang
ABSTRACT The three key actors in the current fight against the Coronavirus pandemic are as follows: (1) Leaders (political, scientific, industry, academic), (2) agents (public health departments, centres for disease control, educational and scientific institutions, multilateral organizations) and (3) followers (citizens, public, local community). All three need to be in sync to attain success, but
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Connection issues: a study on the limitations of knowledge transfer in Huawei’s African training centres Journal of Chinese Economic and Business Studies Pub Date : 2021-07-01 Henry Tugendhat
ABSTRACT Huawei has built several training centres across Africa. This study establishes the purpose of these centres in Kenya and Nigeria and presents original data on their success based on their objectives. Fieldwork was conducted in 2018 and follow-up interviews continued by phone until 2021. I find that Huawe’s investments offer no significant opportunities for knowledge transfers that could foster
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Application of remote sensing satellite data for carbon emissions reduction Journal of Chinese Economic and Business Studies Pub Date : 2021-04-28 Jiandong Chen, Ming Gao, Shasha Huang, Wenxuan Hou
ABSTRACT There is a global consensus that carbon dioxide and other greenhouse gas emissions must be reduced as a response to global climate change. Remote sensing satellite data have become an important means of monitoring carbon emission due to its unique advantages such as availability, high resolution, and wide coverage, and remote sensing data are playing an increasingly important role in carbon
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Sino–UK science and technology collaboration in field of people’s livelihood Journal of Chinese Economic and Business Studies Pub Date : 2021-01-07 Fuquan Sun
ABSTRACT Science, technology and innovation collaboration is very important for global responses to the pandemic. This paper discusses the importance of science and technology collaboration in people’s livelihood and examines the areas for collaboration between the UK and China. Finally, it proposes policy recommendations for future collaboration in people’s livelihood between the UK and China.
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Covid-19 and development: lessons from historical pandemics Journal of Chinese Economic and Business Studies Pub Date : 2020-12-14 Wenxuan Hou, Brian Main, Xianda Liu
ABSTRACT Disease does not only affect development through its contemporaneous impact on health, but also through its enduring historical effect through its shaping of culture and institutions. By drawing on the experience of historical pandemics, we argue that some of the current stringent approaches adopted in combating COVID-19 come at the expense of social capital (trust) and institutions (checks
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China and the West: crossroads of civilisation Journal of Chinese Economic and Business Studies Pub Date : 2020-10-12 Peter Nolan
ABSTRACT Human civilisation stands at crossroads. There are urgent global challenges that need to be confronted, including destruction of the natural environment; climate change; inequality of income, wealth and life chances; industrial concentration and regulation of the financial system. Looming above all of these is the issue of how to avoid a ‘Clash of Civilisations’ and a New Peloponnesian War
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Sino-US trade balance from national income perspective and global income chains Journal of Chinese Economic and Business Studies Pub Date : 2020-01-17 Xinru Li, Xikang Chen
Trade volume biases trade benefits under the background of economic globalization. Employing the input-output technique, important progress has been made in research on trade in value-added. It is ...
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Economic relations between China and the U.S Journal of Chinese Economic and Business Studies Pub Date : 2020-01-13 Lawrence J. Lau
First, we summarise the chronology of the China-U.S. trade war. We then show that the China-U.S. trade surplus, correctly measured, is not as large as it is made out to be, but is nevertheless stil...
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Europe in the midst of China–US strategic economic competition: what are the European Union’s options? Journal of Chinese Economic and Business Studies Pub Date : 2020-01-03 Alicia Garcia Herrero
Despite President Trump’s announcement of a partial deal on October 11, the prolonged economic competition between the two superpowers does not bode well for the future. Within this context, the Eu...
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“Silicon trade policies” and a comparative analysis of China-U.S. and Japan-U.S. trade conflicts Journal of Chinese Economic and Business Studies Pub Date : 2020-01-02 K. C. Fung, Nathalie Aminian, Xiaoqing (Maggie) Fu, Jung Ho Rhee, Chris Y. Tung
ABSTRACT In this paper, we first compare the U.S.-Japan trade conflicts of the 1980s and 1990s with the current 21st century Trump Administration U.S.-China trade wars. Topics to be compared include complaints of bilateral trade imbalances, ‘unique’ economic or business organizations and exchange rate manipulations. Relevant contemporaneous research and policy lessons are drawn from the management
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The national security argument for protection of domestic industries Journal of Chinese Economic and Business Studies Pub Date : 2019-10-02 Leonard K. Cheng, Gregory W. Whitten, Jingbo Hua
Tracing the origin of the national security argument for protection of domestic industries to Adam Smith, Alexander Hamilton, and Friedrich List, we study its post-GATT applications with reference ...
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Modeling exchange rate return volatility of RMB/USD using GARCH family models Journal of Chinese Economic and Business Studies Pub Date : 2019-04-03 Agya Atabani Adi
The paper examines volatility of RMB exchange rate return of onshore and offshore markets. The onshore rate covered 4/01/2008–5/09/2016 while offshore spanned 31/12/2008-22/09/2016, the returns wer...
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Industrial policies for avoiding the middle-income trap: a new structural economics perspective Journal of Chinese Economic and Business Studies Pub Date : 2017-01-02 Justin Yifu Lin
Abstract Economic development is a process of structural transformation with continuous technological innovation and industrial upgrading, which increases labor productivity, and accompanied improvements in infrastructure and institution, which reduces transaction costs. The middle-income trap is a result of a middle-income country’s failure to have a faster labor productivity growth through technological