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This study examines the extent to which electricity shortage influences technical efficiency using data of 805 listed manufacturing companies in China from 2009 to 2020 collected from the CSMAR database. To achieve the objectives of this paper, first, a stochastic frontier analysis (SFA) is used to estimate the technical efficiency (TE) score of manufacturing companies. Subsequently, the TE score is used to evaluate the electricity shortage index and other factors that are postulated to affect enterprise productivity. Two estimation methods have been adopted including ordinary least squares (OLS), which is less robust to endogeneity and instrumental variable (IV) estimation, which turns out to be more robust to endogeneity in the data. The empirical results show that, under OLS estimation, electricity shortage has a significantly negative impact on the technical efficiency of the listed manufacturing companies. However, when IV regression is implemented to address endogeneity issues in the data, electricity shortages tend to have a significantly positive impact on the technical efficiency, underscoring the importance of capturing endogeneity in the data. Extending the baseline results, this study also finds that, while the size of an enterprise may have no bearing, state-owned companies are more likely to be negatively affected by electricity shortages compared to privately owned companies. These results have significant implications for industrial policy design in China in particular, and developing countries in general. Most importantly, the results of this study underscore the importance of policies and measures to promote a shift in the ownership structure towards the private sector. [ABSTRACT FROM AUTHOR]

Hazardous waste as a global issue closely links environmental pollution, public health, resource sustainability, and social governance. Its rapid increase and distinct drawbacks have threatened our eco-civilized planet. The Drivers-Pressures-State-Impact-Response (DPSIR) framework can demonstrate how cultural, political, and economic behavior varies in an anthropogenic system. In this review, we use this systematic framework to examine China's hazardous waste management venture and uncover the fundamental theory of man-land relationship. The key drivers (e.g., policy, technology, industry, and socioeconomic incentives) are equipped in a shareable manner, and these drivers can affect waste trends in each region depending on population size and industry level. However, pressure for the achievement of sustainable development goals is yielded by the drivers of industrialization and improper hazardous waste management. In China, the state of hazardous waste generation increased from 9.74 Mt (1Mt = 109kg) in 1998 to 75 Mt in 2018. During 2001-2017, the comprehensive utilization, disposal, and storage ranged from 5-20 Mt, 2-15 Mt, and 3-10 Mt, respectively. Human and environmental impacts can be seen through the changing state of waste generation and handling. As a response, China has led the world to hazardous waste management and recovery lineups through resource efficiency and recycling. Finally, we also try to draw a coherent roadmap for future direction and associated policies. [ABSTRACT FROM AUTHOR]

This study performed a comparative analysis of changes in the operating status of initial surviving disaster‐stricken businesses and non‐disaster‐stricken businesses in Lushan County, China, after a devastating earthquake on 20 April 2013. It used a logistic regression model to explore the key factors associated with 'post‐disaster continued business operation' in the long term. Field data were collected from 1,078 businesses and questionnaire data from 263 small businesses between 2013 and 2017. The results indicate that a higher proportion of initial surviving disaster‐stricken businesses than non‐disaster‐stricken businesses managed to remain operational in each observation period. The continued operation of disaster‐stricken businesses after the earthquake was positively associated with the owner's age, previous disaster experience, pre‐disaster financial conditions, closure duration, and borrowing money from family or friends. A negative association was found with the size of the business. The findings serve as a vital reference for strategies to promote post‐disaster continued business operation. [ABSTRACT FROM AUTHOR]

This article provides new empirical evidence on the patterns of firm entry across sectors and space. Based on Pavitt's four manufacturing industry categories—supplier-dominated, scale-intensive, specialized suppliers, and knowledge-based—we use China's firm-level database, covering all manufacturing firms with sales above 5 million RMB from 1998 to 2008, to investigate the relation between spatial patterns of new entry firms and industrial structure change and firm heterogeneity. Based on our analysis, there are three key findings. First, industrial structure change plays an important role in influencing the sectoral pattern of new firm entry. Second, the transformation from a supplier-dominated industry to a scale-intensive industry from 1998 to 2008 in China has largely influenced spatial patterns of new entry firms (mainly spatial agglomeration and entry similarity between regions). Third, the heterogeneity of firms (mainly firm ownership, firm size, and technological relatedness) affected the location choice of new entry firms. Based on our findings, we conclude that the importance of industrial structure change and the heterogeneity of firms in revealing the spatial pattern of new entry firms should receive more attention. Key Words: China, firm entry, firm heterogeneity, industrial structure change, sectoral and spatial pattern. [ABSTRACT FROM AUTHOR]

Abstract This study explores asymmetric effects of monetary policy on firm scale at different firm size levels. We find that Chinese firms respond to raising benchmark lending interest rates and deposit reserve requirements by decreasing their scales. Our quantile regression results also indicate that larger firms respond more strongly to both policy instruments by adjusting their scales to a greater degree than smaller firms. Moreover, SOEs react less strongly to policy changes than non-SOEs at all firm size distribution. The impact of monetary policy on firm scale is also stronger after commercial banks having greater leeway in setting interest rates. Highlights • Explore asymmetric effects of monetary policy on firm scale at different firm size levels. • Chinese firms respond to raising benchmark interest rates and deposit reserve ratios by decreasing their scales. • Larger firms respond more strongly to both policy instruments by adjusting their scales to a greater degree. • SOEs react less strongly to monetary policy changes than privately controlled listed firms at all firm size distribution. • The impact of monetary policy on firm scale is stronger when banks having greater leeway in setting interest rates. [ABSTRACT FROM AUTHOR]

Construction industries have significant impacts on the economy, society and environment. To transform construction industry towards sustainability, construction enterprises' perceptions and performance on sustainability needs to be understood and evaluated, which has not be fully explored by existing studies. This paper holistically examines the Chinese construction enterprises’ attitude towards and performance on various aspects of sustainability (e.g. the economic, social and environmental aspects) in order to identify those aspects the firms perceive to be the most and least important and those aspects the firms perform best and worst on. The associations among the sustainability attitude, sustainability performance, and firm size are also explored. The findings show that quality management and customer service are perceived as the most important as well as the best-performed aspects by the firms while supporting community development is the least important and worst-performed aspect. Sustainability attitude is positively correlated with performance, and larger firms tend to have better sustainability performance than that of small ones. However, larger construction firms do not necessarily perceive sustainability more important. This study provides a useful reference for policy makers and researchers to understand how sustainability is perceived and implemented by the Chinese construction firms. [ABSTRACT FROM AUTHOR]

Income inequality in China has been much documented and debated. However, one important aspect of income inequality - social insurance inequality - has been largely understudied. We use a large national panel of firm data to examine the possible influence of various firm characteristics on the inequalities in social insurance participation and generosity in the period 2004-07. Our findings reveal substantial ownership sector and regional gaps in social insurance provision by firms, with the private domestic sector and those in the central region lagging behind. Unionized firms, larger firms, and firms with greater market shares also tend to provide better social insurance to their employees. While being an exporting firm is linked with greater social insurance participation and generosity, being a purely exporting firm, however, is associated with reduced social insurance generosity. Lastly, highly educated workers receive substantially better social insurance coverage than their less educated peers. These social insurance inequalities are highly relevant as China pushes forward with establishing a unified social insurance system across urban-rural boundaries, ownership sectors and industries. [ABSTRACT FROM AUTHOR]

Exploring the drivers of declining energy intensity is necessary in order to accelerate the transition to a low-carbon economy in China. To date, studies have typically adopted case analysis to link enterprise features and energy-saving performance. The impact of internal industrial configuration in terms of size and ownership structure on aggregate energy intensity remains to be examined. To fill this research gap, this paper tests the impact of the internal structure of industries on city-level energy intensity, by employing a unique panel dataset of 283 cities for the period 2005 to 2010. The Driscoll-Kraay method and instrumental variable are used to treat residual cross-sectional dependence and endogeneity, respectively. Results suggest that small-scale enterprises exerts a negative effect on energy intensity. A 1% increase in the output-value proportion of small-sized firms will lead to a decrease in total energy intensity of 0.067%. In contrast, the same change by medium enterprises will raise energy intensity by 0.031%. A negative and/or non-significant coefficient suggests that for most energy-intensive large and state-owned enterprises, China's 2006 top-down energy-saving regulation has been quite effective in targeting key energy-intensive enterprises in China. The findings reveal that state-owned enterprises (SOEs) can act as promoters of, rather than barriers to, low-carbon policy implementation in China. Given that the effectiveness of energy-saving regulation will be undermined as a result of diluted regulatory strength in each enterprise, market-oriented energy price reform is proposed as a fundamental driver for guaranteeing a continual decline in energy intensity. [ABSTRACT FROM AUTHOR]

Among the phenomena in economics that are not yet well-understood is the fat-tailed (power-law) distribution of firm sizes in the world's economies. In the present paper we discuss different mechanisms suggested in the literature to explain this distribution of firm sizes. The paper uses the China Industrial Enterprises Database to study the distribution (firm size in terms of the number of employees, capital, and gross profit) for the provinces of China for the years 1998–2008. We estimate the power-law distribution and confirm its plausibility using the KS test and the log-likelihood ratio vs. lognormal and exponential distributions. The analysis on regional levels allows an assessment of regional effects on differences in the distribution; we discuss possible explanations for the observed patterns in the light of the recent regional economic development and the economic reforms in the PRC. [ABSTRACT FROM AUTHOR]

This paper studies the size distribution of exporting and non-exporting firms in a panel of Chinese provinces. The power law exponents of exporting firms are significantly less than those of non-exporting firms. The average power law exponents fell from 0.74 in 1998 to 0.64 in 2007 for exporting firms, and from 1.03 in 1998 to 0.83 in 2007 for non-exporting firms. Further analysis showed that credit constraints have a significant negative effect on the exponents of the size distribution of exporting firms, suggesting that smaller firms are more credit-constrained than larger firms. [ABSTRACT FROM AUTHOR]

• Characterization of hazardous chemical accidents during hot season in China. • High temperature is one of the main causes of hazardous chemical accidents. • Combustibles and explosives caused most of the accidents during hot season. • Most of hazardous chemical accidents were caused by human errors during hot season. • Provision of useful information for improving chemical safety during hot season. Because high temperature is one of the main causes of hazardous chemical accidents, these accidents frequently occur in China during hot season (from June to September). Understanding the historical accidents is important for accident prevention and risk mitigation. However, presently, no statistical analysis on the characteristics of China's hazardous chemical accidents that occurred during hot season is available. Thus, by utilising data from official sources, a statistical investigation on 76 serious hazardous chemical accidents that occurred during hot season in China (1989–2019) was performed in terms of seven aspects: region where the accident occurred, type of accident, types of hazardous chemicals, links of occurrence, size of enterprises, direct cause, and period when the accident occurred. Moreover, according to the statistical results, this paper proposes some potential countermeasures and suggestions to prevent hazardous chemical accidents during hot season in China. This study can provide useful information for preventing hazardous chemical accidents and strengthening preventive measures in chemical plants during hot season in China and in other countries. [ABSTRACT FROM AUTHOR]