《中国经济与商业研究》摘要解析（ Vol 19 Issue 2，2021）

Vol 19 Issue 2，2021

为了应对全球气候变化，减少二氧化碳和其他温室气体的排放是必须 ，这是全球共识。遥感卫星数据有易获得性、高分辨率、广覆盖范围等独特优势，已经成为监测碳排放的重要手段，并且在碳监测与固定中发挥着越来越重要的作用。本文综述了遥感卫星数据在帮助实现减轻碳排放目标的主要应用，并对未来相关研究进行了展望。

文章链接：

https://www.tandfonline.com/doi/full/10.1080/14765284.2021.1920329

近年来，中国对非投资迅速扩大，受到了广泛关注。人们相当担心，这种投资将加剧非洲国家的腐败。然而，很少有学者检验这些观点。本文提出并检验了FDI(对外直接投资)对腐败的影响依赖于来源国的理论，具体提出并检验了中国FDI对腐败的危害大于发达经济体FDI的假说。通过分析2002年至2012年52个非洲国家腐败和FDI的交叉截面以及时间序列数据的随机效应模型，我发现结果与提出的理论预测相反，来自中国的投资对腐败的影响与来自发达国家的外国投资没有显著不同。尽管中国投资者更不容易因为严重腐败望而却步，但他们的投资并没有加剧腐败问题更严重的国家的整体腐败程度。

文章链接：

https://www.tandfonline.com/doi/full/10.1080/14765284.2021.1925822

我们研究了发生在中国公司与国外公司之间的并购(M&A)。以往的研究很少考虑财务因素对类似这样的多国(或“跨境”)并购后续绩效的影响。本文以2016-2018期间100家上市公司为样本，用多元线性回归模型检验了五个影响因素。我们具体研究了(1)支付方式，(2)文化差异，(3)行业差异，(4)公司规模和(5)持股比例的作用。本研究发现无论行业差异和公司规模如何，支付方式与第一大股东持股比例都与并购当年以及下一年的业绩呈正相关关系。

文章链接：

https://www.tandfonline.com/doi/full/10.1080/14765284.2021.1905480

本文利用2008年至2016年的省级数据估算了中国经济的知识生产函数。研究发现: 第一，R&D研究人员的数量、科研经费、以及全球知识储备的可获得性对普通专利申请与发明专利申请均有显著的正向影响;第二，知识积累对知识生产效率的影响程度是可观的；第三，国有部门在根本性创新中具有重要作用。最重要的是，知识的可获取对于实现知识非竞争的好处非常重要。因此，中国政府采取开放创新的方式，继续推进改革开放的计划是至关重要的(除了NSO外，其他资源都应该在网上发布，使其可以应要求提供)。

文章链接：

https://www.tandfonline.com/doi/full/10.1080/14765284.2021.1905481

#1 Maho Shiraishi & Go Yano

Do ‘zombie firms’ emerge among private firms in China? A survival analysis approach that pays attention to the reception of trade credit

We investigated whether ‘zombie firms’ emerged among private firms in China, by using the survival analysis of private firms. We found that receiving trade credit allowed poor-performing private firms to survive in markets in China. This type of survival of private firms was more pronounced for large-sized private firms. There was evidence of the existence of zombie firms among private firms in China, which were generated from unsound trade credit finance, an informal type of finance. Poor-performing private firms in China avoided exiting the market with access to an informal debt finance in non-negligible cases.

#2 Junhua Jiang

Can real estate regulatory policies constrain real estate risks to banks? Evidence from China 

This study investigates the effects of real estate regulatory policies on the real estate risks to banks in China. The study shows that real estate control policies issued by the policy makers in China cannot constrain the risks of the real estate market to banks. Real estate stimulating policies, however, could raise the risks of the real estate market to banks, which mainly results from the effects of tax-related stimulating policies. The study also shows that real estate control policies affect the discount rate risks of the real estate firms to banks, while both the real estate control policies and the real estate stimulating policies show some effects on the overall risks of the real estate firms to banks.

#3 Xinxin Ma & Ichiro Iwasaki

Does communist party membership bring a wage premium in China? a meta-analysis

In China, despite the drastic economic transition from a planned system to a market economy, the influences of the Communist Party of China (CPC)’s organization on firm management in both the public and private sectors are still remarkable. This study performs a meta-analysis to examine the impact of CPC membership on wage levels in China using 622 estimates extracted from 71 English and Chinese papers. The results of meta-synthesis suggest that CPC membership positively affects wage levels. They also reveal that the effect size of CPC membership is greater for state-owned enterprises, urban regions, female workers, and regular wages, as compared with privately owned enterprises, rural regions, male workers, and performance pay. The test results of publication selection bias based on the FAT-PET-PEESE approach indicate that the collected estimates contain genuine evidence of the wage premium of CPC membership, and its true impact takes a value within a range of 0.0414 to 0.0431 in terms of the partial correlation coefficient.

#4 Muhammad Shahin Miah

Does IFRS convergence bring improvement in firm performance? An empirical analysis

This paper investigates the impact of IFRS adoption on Chinese listed companies. More specifically, this study shows the empirical evidence of the effect of a new set of Chinese accounting standards (CAS) introduced in 2007 on firms’ performance. Analyzing 7020 firm-year observations, this study finds that, compared to pre-IFRS adoption regime, firms’ performance significantly improves after IFRS adoption. A set of sensitivity analysis provides consistent findings about the impact of new CAS on firms’ profitability. As for the implication of international accounting standards, these findings suggest that adoption of global accounting standards is bringing positive change in the capital market through firms’ development in terms of profitability.