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| Srl | Item |
| 1 |
ID:
143371
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| Summary/Abstract |
Using data for trade credit practices, this work investigates interfirm trust formation by ethnic minority firms in the Xinjiang Uygur Autonomous Region, China. The main findings of this research are as follows. First, there is a general ethnic bias against ethnic minority firms in receiving trade credit. Second, ethnic minority firms are less eager than Han firms to build interfirm trust with their business partners by offering trade credit, which is partly due to their financing constraints. Third, ethnic minority firms have less trust of other ethnic minority firms in offering trade credit. Fourth, these trade credit practices by ethnic minority firms tend to be more pronounced in those surviving after 2005. Fifth, ethnic minority firms do not share their members' information regarding productivity within their circle of ethnic minority firms. Overall, interfirm trust is insufficiently formed, even among ethnic minority firms.
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| 2 |
ID:
107482
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| Publication |
2011.
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| Summary/Abstract |
The marginal-products-of-labour (MPL) wage gap is studied in the early-reform Chinese economy, using the Olley-Pakes estimation technique to estimate the production function, based on micro data including different categories of labour. From this measurement of MPL-wage gaps and econometric analyses, several conclusions are drawn. First, the MPL-wage gap was anomalously large for managers in state-owned enterprises (SOEs) compared with other categories of labour. Second, the large MPL-wage gap of managers raised the average MPL-wage gap across various categories of labour, resulting in higher than the average wage MPL throughout the entire workforce, which is regarded as homogeneous. Third, the large MPL-wage gap, or, in other words, the under-employment of managers, occurred not only because the state still centrally employed and allocated labour to SOEs, but because the economy faced a labour-supply constraint of managers in early-reform China. This observation supports a modified version of the state labour-monopsony hypothesis.
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