Although tourism is often treated as one of the crucial industries for the construction of low-carbon cities (LCCs), there is no systematic evidence on whether there is a causal relationship. This research aims to explore and empirically test the causal link between LCC initiatives and inbound tourism of cities using a spatial difference-in-differences approach with balanced panel data of 59 Chinese major tourism cities from 2000 to 2017. The results show that urban tourism by foreign tourists exhibits significant spatial spillover effects. Compared to non-LCCs, the number of foreign tourists on LCCs increased by 4.7 percentage points and the average length of stay of foreign tourists increased by 3.6 percentage points. The direct impact of the LCC initiative on foreign tourists was significant, while the indirect impact was insignificant. The findings of the study not only deepen the researchon sustainable tourism behavior of inbound tourists, but also provide valuable references for cities to participate in the competition in the international tourism market through low-carbon development.

Public transportation is important for older adults to meet their mobility needs and obtain external support. However, little is known about the elderly population with disabilities using public transportation. Using a nationally representative sample from the China Family Panel Studies (CFPS) for 2016, 2018, and 2020, we examined the elderly and public transportation disability (E&PTD) rate and its determinants in Chinese adults aged 45 years and above; the E&PTD rate in this population was 9.65%. The results showed that factors such as being female, age, and family size increased the likelihood of E&PTD in older adults. Married older adults with more education, better intelligence, higher incomes, receiving a pension, and living in urban areas and pilot provinces of healthcare reform were less likely to have E&PTD. This study provides an important policy reference for providing better public transportation services for E&PTDs.

In the context of the rapid growth of corporate green investment and the rapid dissemination of information brought about by Internet technology, it is important to explore the relationship between investor attention and corporate environmental responsibility. Unfortunately, an in-depth research on the relationship between investor attention and firms' environment, society, and governance (ESG) performance remains unexplored. The results show a mutual inhibition between investor attention and firms’ ESG performance. Each 1% increase in investor attention decreases ESG performance by 0.252%, while each 1% increase in ESG performance decreases investor attention by 2.296%. Thus, ESG performance dominates this mutual influence. Moreover, ESG performance positively affects ESG performance and investor attention of neighboring firms. Each 1% increase in ESG performance increases ESG performance and investor attention of neighboring firms by 0.371% and 0.983%, respectively. Investor attention negatively affects investor attention and ESG performance of neighboring firms. Each 1% increase in investor attention decreases ESG performance and investor attention of neighboring firms by 0.04% and 0.104%, respectively. Further research reveals significant regional and organizational heterogeneity in the relationship between investor attention and ESG performance. The findings provide theoretical and empirical insights for further improvement of the ESG system and continued strengthening of investor guidance by regulators.

The low commercialization rate of academic patents is a common challenge for developing countries. This study evaluates the impact of provincial policies on the commercialization of academic patents using spatial regression models and propensity score matching methods. It also provides a reference for optimizing university patent management. Considering provincial patent policies enacted in China in 2016 as the treatment, the results show no significant effect of provincial patent policies on rights definition and implementation economics on the commercialization of academic patents. However, promotion standard policies have a significant positive effect on the commercialization of academic patents. A significant negative spatial spillover effect is observed on the commercialization of academic patents among universities with similar innovation capabilities. Furthermore, non-geographic distances, such as innovation distance, positively affect competition among universities and their commercialization of academic patents. Therefore, local governments should consider the needs of academic inventors for title promotion when designing and introducing patent incentive policies for universities.

This book analyzes the wealth management of mid-high net worth individuals and families. As China's economy develops and people's living standards improve, more and more families are becoming well-off and the middle-income group continues to expand. After creating wealth and becoming rich, better guarding, spreading and enjoying wealth is not only an urgent challenge faced by more and more micro-families, but also an inevitable need to enrich and energize people's livelihood and the connotation of a good life. Mid-high net worth people are an organic part of China's middle-income group, as well as the future coordinates of many families that have just crossed into the middle-income group. An accurate portrait of this group and an in-depth study of the needs, habits, ways and effects of their family wealth management and distribution are conducive to better responding to the demands of affluent families to "keep, pass on and enjoy wealth," as well as exploring the path of solidly promoting common prosperity at the micro-family level. From this perspective, Institute of Social Science Survey of Peking University has conducted a panoramic analysis on mid-high net worth people from panel survey with more 16,000 households in China after 10 years of tracking and investigation, from six aspects: behavioral patterns, financial asset allocation, non-financial asset allocation, commercial insurance allocation, children's commercial medical insurance allocation and pension insurance allocation, the importance of which is self-evident. As the first systematic work on asset allocation and insurance protection of Chinese middle and high net worth families, although part of the purpose is to explore the demand for insurance protection and develop the commercial insurance market, there is no doubt that this study is an important reference for the government to formulate social security policies and for financial institutions to optimize the supply of family wealth services.

Persistent green innovation helps enterprises save energy, reduce pollution, and continue to gain economic benefits. However, existing studies explored the economic and organizational factors influencing firms’ persistent green innovation while neglecting peer influence in the digital economy. This study examines the impact of digital economy and peer influence on persistent green innovation using data of Chinese-listed companies from 2011 to 2019. The results show that digital economy and peer influence positively affect persistent green innovation. Moreover, digital economy plays a competitive mediating role between peer influence and persistent green innovation. The results of further research show that both the time lag term of peer influence and spatial lag term of digital economy affect persistent green innovation. This study incorporates the three-level elements of enterprise, peer, and city into a unified framework, providing theoretical reference and practical guidance for green innovation to enhance the competitive advantage of enterprises.

The transfer of farmland is an important area of rural development research; however, the impact of rural social networks has been neglected in studies. The aim of this study is to explore the effects, mechanisms, and heterogeneity of neighbors’ behavior on the process of land renting by farmers. Based on the data of the China Family Panel Studies in 2018, this research empirically analyzes the impact of community-level, local social interactions on the land rental behavior of farmers and its mechanisms using a spatial probit model. The results of this study indicate that neighbors’ land rental behavior positively and significantly affects that of other farmers in the same village. In addition, neighbors’ land rental encourages other farmers in the same village to follow suit through an increase in the perceived importance of the Internet among the farmers. In addition, there is heterogeneity in neighborhood influence. Notably, the impact of social networks on the renting out of the land by farmers, as evidenced in this study, is a key factor in accelerating the circulation of rural land and promoting rural development, thus contributing to the process of rural revitalization and its recording in the literature.

There is growing interest in the relationship between digitalization and environmental, social, and governance (ESG) performance, but existing research focuses on the one-way relationship and ignores the two-way mechanism. Based on a sample of 3335 listed companies in China in 2020, this study adopts a spatial simultaneous equation model to investigate the bidirectional mechanism between companies’ digitalization and ESG performance. The results show that digitalization and ESG performance have a significant positive two-way mechanism; digitalization enhances ESG performance, while ESG performance promotes digitalization. The results also indicate a significant positive intra-industry spillover effect for both digitization and ESG performance. Further research shows that the relationship between digitization and ESG performance does not differ depending on the definition of spatial weights, however, the spillover effects do differ depending on the definition of spatial weights.

In the era of a green economy, green innovation has become a way for enterprises to gain competitive advantage, and it is of great theoretical and practical significance to explore the driving force of enterprises' green innovation. This study explores the peer effect of an enterprise's green innovation and conducts an empirical test using data from 3338 Chinese listed companies in 2020. The results show a significant positive peer effect of enterprises' green innovation, and the green innovation of individual enterprises increases by 0.869 for each unit increase in industry-average green innovation. Further research shows that market power is the channel by which peer influence affects an enterprise's green innovation. Moreover, regional heterogeneity exists in the strength of the peer effect, which varies according to firm maturity and board size. These findings provide a reference for enterprises and governments to promote green transformation.

A comprehensive and accurate assessment of the policy effect of national tourism days is of great significance to further promote urban inbound tourism. Based on the panel data of 59 cities in China from 2000 to 2017, this paper evaluates the local and spatial spillover effects of the China Tourism Day policy on urban inbound tourism using a spatial difference-in-differences model based on the establishment of the China Tourism Day as a quasi-natural experiment. The study found that the China Tourism Day policy significantly increased the number of foreign tourists in cities but significantly reduced their average length of stay, with a positive spatial spillover effect on inbound tourism in surrounding cities.