Hometown identity of financial officials, financial development and promotion of officials in China

Yin, Huaqiang; Chen, Baifan

doi:10.1111/1467-8454.12217

Cited by 7 publications

(4 citation statements)

References 19 publications

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“…First, we should check the correlation of instrumental variables with agricultural fiscal expenditures. Provincial agricultural leaders may work harder to secure agricultural fiscal expenditures if they are the local, since they have a strong attachment to their hometown (Yin and Chen 2021 ). Therefore, IV significantly affects agriculture fiscal expenditures.…”

Section: Results and Analysismentioning

confidence: 99%

Effect of agricultural fiscal expenditures on agricultural carbon intensity in China

Zhang

Chen

Yuan

2023

Environ Sci Pollut Res

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Few studies provide direct evidences that agricultural fiscal affects agricultural carbon intensity. This study tries to fill this gap. Using panel data of 30 provinces in China from 2005 to 2019, we conclude that agricultural fiscal expenditures significantly reduce agricultural carbon intensity. The result is still robust after employing the provincial agricultural leaders' birthplace information as an instrumental variable. Further study shows that the negative effect of agricultural fiscal expenditures on agricultural carbon intensity is more pronounced in regions with less corruption and is also more visible in central, western, and inland regions than other areas. For this effect, agricultural technological improvement and structure optimization are possible channels, but not operation scale expansion. Interestingly, although agricultural fiscal expenditures reduce the local agricultural carbon intensity, neighbor regions' carbon intensities are increased due to fiscal rivalry.

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Section: Results and Analysismentioning

confidence: 99%

Effect of agricultural fiscal expenditures on agricultural carbon intensity in China

Zhang

Chen

Yuan

2023

Environ Sci Pollut Res

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“…First, we should check the correlation of instrumental variables with agricultural fiscal expenditures. Provincial agricultural leaders may work harder to secure agricultural fiscal expenditures if they are the local, since they have a strong attachment to their hometown (Yin & Chen, 2021). Therefore, IV significantly affects agriculture fiscal expenditures.…”

Section: Robustness Check (1) Two Stage Least Square Methodsmentioning

confidence: 99%

Effect of agricultural fiscal incentives on agricultural carbon intensity in China

Zhang

Chen

Yuan

2022

Preprint

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Few studies provide direct evidence that agricultural fiscal affects agricultural carbon intensity, we try to fill this gap. Using panel data of 30 provinces in China from 2005 to 2019, we conclude that agricultural fiscal expenditures significantly reduce agricultural carbon intensity. The result is still robust after employing the provincial agricultural leaders’ birthplace information as an instrumental variable. Further study shows that the negative effect of agricultural fiscal expenditures on agricultural carbon intensity is more pronounced in regions with less corruption, and is also more visible in central, western and inland regions than other areas. For this effect, agricultural technological improvement and structure optimization are possible channels, but not operation scale expansion. Interestingly, although agricultural fiscal expenditures reduce the local agricultural carbon intensity, other regions' carbon intensity is increased due to fiscal rivalry.

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“…The CEO hometown identity has a positive and significant influence on firm innovation. Financial officials prefer their hometown when allocating financial resources (Yin and Chen, 2021 ). After getting support from the boards, the local CEOs would like to take on more risks and have the longing plans to develop R and D activities (Ren et al, 2021b ).…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

CEOs' psychological trait and firms' adoption of blockchain technology: The role of hometown identity

et al. 2022

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The impact of CEOs' psychological traits on firms' decision-making has been explored by many psychological researchers. What's more, the CEO hometown identity, as one of the most fundamental psychological traits, has drawn increasing attention from the psychological literature. Firms' adoption of blockchain technology plays an innovative and efficient role in firms' strategic transformation. Thus, it is necessary to investigate the relationship between CEOs' psychological traits and firms' adoptions of blockchain technology from the perspective of hometown identity. To examine the impact of the CEO hometown identity on firms' adoption of blockchain technology, this paper manually collects information about the CEO hometown identity and constructs the index of firms' adoption of blockchain technology based on the textual analysis of firms' annual reports. Based on the theory about the psychology of identity, this paper constructs the theoretical hypothesis about the relationship between CEO hometown identity and firms' adoption of blockchain technology. Then, this paper uses a two-way fixed effect regression model to estimate the impact of the CEO hometown identity on firms' adoption of blockchain technology based on the panel data of Chinese A-share non-financial listed firms during 2008–2019. The research results show that: (1) the CEO hometown identity has a positive effect on firms' adoption of blockchain technology. (2) For firms with severe financing constraints and State-owned enterprises (SOEs), the positive effect of the CEO hometown identity on firms' adoption of blockchain technology is more prominent. (3) Our benchmark results still hold after a series of robustness checks, including altering the measurement of the CEO hometown identity, altering the sample, adding CEO-specific control variables, and altering the logit regression model. Based on the above-mentioned findings, this paper not only sheds new light on the power of CEOs' psychological trait but also deepens the understanding about theories of the psychology of identity.

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Hometown identity of financial officials, financial development and promotion of officials in China

Cited by 7 publications

References 19 publications

Effect of agricultural fiscal expenditures on agricultural carbon intensity in China

Effect of agricultural fiscal expenditures on agricultural carbon intensity in China

Effect of agricultural fiscal incentives on agricultural carbon intensity in China

CEOs' psychological trait and firms' adoption of blockchain technology: The role of hometown identity

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