Lili Kang

• Ph.D. University of Birmingham
• Professor at Shanghai Lixin University of Accounting and Finance

We investigate the impact of China’s outward foreign direct investment (OFDI) on the export sophistication of countries participating in the Belt and Road Initiative (BRI). Through an examination of data spanning from 2010 to 2015, our findings reveal that China’s OFDI significantly enhances export sophistication in host countries, with a more pron...

Using data from Chinese publicly listed companies (PLCs) over the 2010–2017 period, this paper examines the impact of cultural heterogeneity within the top management team (TMT) on the post-acquisition performance of cross-border acquisitions (CBAs). TMT cultural heterogeneity is measured as the cultural distance between the board chairperson and c...

Within the context of mounting competition faced by Hollywood movies in the global cinema market, particularly in emerging markets, this paper examines the influence of review disagreements and cultural capital on the cultural discount of imported Hollywood blockbusters in China's movie market. Using a dataset of 652 movies from the U.S. spanning 1...

This study investigates the relationship between star power, artistic excellence, and the commercial success of Chinese movies from 2009 to 2018 based on a two-path structural model. Artistic excellence was measured based on industry recognition; more specifically, the winners of seven major movie awards in the greater China region, which reflect t...

Using data over the 2010-2015 period, we investigate the effect of cultural heterogeneity and cross-border acquisition experience on post-acquisition performance of Chinese publicly listed companies (PLCs). We find that between and within cultural heterogeneity has a negative and statistically significant effect on post-acquisition performance, but...

This paper investigated the relationship between cultural distance, classroom silence, and the performance of culturally responsive and inclusive education (CRIE) using a survey of 1051 college students in Shanghai in 2022. We found a significantly positive association between migrant students' cultural distance and their perceived learning gains i...

This paper investigated the relationship between cultural distance, classroom silence, and the performance of culturally responsive and inclusive education (CRIE) using a survey of 1051 college students in Shanghai in 2022. We found a significantly positive association between migrant students’ cultural distance and their perceived learning gains i...

Using panel data from China's publicly listed companies (PLCs), this paper investigates the relationship between acquisitions and executive compensation. Empirical analysis based on panel regression reveals that acquisitions lead to a significant increase in executive compensation. Further evaluation, using disaggregated data, shows that acquisitio...

Using survey data from China (1989–2015), we investigate the impact of the number of siblings and treated water on educational attainment of children and its effect on their earnings when they join the labor force. Instrumental variables (IV) estimation shows that increase in the number of male siblings can increase the educational attainment of fe...

Economic policy reform that started in China in early 1980s also affected its movie industry. Like other sectors, movie industry is also not fully liberalized. The industry is required to ensure that movie contents are consistent with core socialist and cultural values and locally produced movies are also financially viable. However, cultural and p...

We use a unique microdata set that covers the 1984–2009 period to estimate real wage flexibility in Eastern and Western parts of Germany. Empirical analysis reveals that wages of male job stayers in the Eastern and Western parts of Germany are rigid, which leads to significant wage flexibility for internal and external movers. At the aggregate leve...

Using panel data from China’s publicly listed companies (PLCs), this paper investigates the relationship between acquisitions and executive compensation. Empirical analysis based on panel regression reveals that acquisitions lead to a significant increase in executive compensation. Further evaluation, using disaggregated data, shows that acquisitio...

This paper investigates the relationship between China's trade agreements (TAs) and partner countries' upgrade in global value chains (GVCs). We focus on the experience of China and relate China's TAs with one belt and one road (OBOR) initiative. A structural equation model (SEM) is applied on a dataset including 216 countries and regions to identi...

Using the China Family Panel Studies, we identify the subjects studied by vocational college and university graduates, with the latter group further divided into ordinary and key universities. While the returns are around 8-10% to attending colleges and ordinary universities, there are higher returns of 12-16% per annum to attending the more presti...

Using data over the 2009–2016 period, this paper examines the impact of star power on box office revenues in China. Unlike most existing studies, we measure star power as a continuous variable based on the number of registered fans of movie stars on the most popular microblogging website in China (Sina Weibo). We also examine the impact of star pow...

Using the recent China Family Panel Studies, we identify the subjects studied by college (2-3 years) graduates and university (4-5 years) graduates. For the university graduates, we can further distinguish universities by the tier of selectivity (i.e., Key and Ordinary Universities). We take advantage of the rich information on the respondent's sch...

This paper investigates the effect of the One Belt One Road (OBOR) initiative on China’s outward foreign direct investment (OFDI) using a dataset of all host countries for the period of 2010–2015. The employed econometric technique combines a difference-in-differences estimator with matching techniques. The results show that China’s OFDI in OBOR co...

Within the context of corporate acquisition decisions of China's Publicly Listed Corporations (PLCs), this paper investigates the monitoring and coordination behaviour of institutional shareholders. Institutional shareholders are divided into four groups: large outsider, large insider, small outsider and small insider. The outsider and insider cate...

This article investigates the effect of physical and human capital formation on the productivity growth of China. We focus on the market reform factors including ownership shifts, population policy, openness and fiscal expenditures on education, and the convergence of productivity growth within the traditional four economic regions of China. We fin...

China’s bureaucratic wage determination system is gradually being replaced by a market-based system, leading to a novel version of a dual labour market. This paper studies wage flexibility in this dual market. Its principal findings are: wages in both sectors have become less responsive to changes in official registered unemployment, with an altern...

Using panel data from nine European countries over the period 1970 to 2007, we examine the impact of information and communication technology (ICT) on the demand for older workers (aged 50 and over). We find evidence of a decrease in demand for older workers in the 1970s and 1980s. It can be argued that the impact of ICT on demand for older workers...

The impact of local government's behavior on industrial transfer is important for China during the economic transition period． At the micro level，local government's behavior mainly influences the space reconfiguration of industry through firm investment cost． Based on theoretical analysis and firm level data of 498 public listed companies( PLCs) in...

This paper endeavors to explore the roles that institutional investors play in acquisition decision of Chinese Public Listed Companies (PLCs). Acquisition decision is assumed as a cost-benefit analysis process of shareholders as strategic alliances. Using micro data in the Chinese stock market during 2003-2008, we find that institutional investors...

Using a survey of 1,266 firms in 12 cities in China, this paper investigates the effects of open economy on the corporate social responsibility (CSR) of Chinese domestic firms embedded in the global value chain (GVC). We argue that, under a compliance-based paradigm, foreign domestic investment (FDI) and export not necessarily improve the CSR perfo...

This paper analyzes the links between labour market institutions and skill premiums in the UK, controlling for other explanatory variables such as market conditions, international trade and skill-biased technology. We find that the trade union decline in unskilled workers can explain more than half of degree premium' increase over the period 1979-1...

This paper aims to investigate the cyclical changes in the wage structure of the United Kingdom over the period 1972-2002 using the General Household Survey (GHS). Wage structure of the UK shows a cyclical pattern, which may be from the different wage cyclicality of the top, middle and bottom percentile groups. Higher educated male workers have exp...

This paper examines the effect of shifts in the relative supply and demand of skills on the skill premiums and wage inequality in the British labour market 1972-2002. We test the Katz and Murphy (1992) hypothesis that the changes of skill premiums can be explained by their relative supply shifts, given stable or steadily growing relative demand. Al...

We investigate trends in regional cost competitiveness in China's four regions (Coastal, Northeast, Interior and West) over the past thirty-five years. We find that the Coastal region lost its initial cost competitiveness as its higher relative labour productivity (RLP) was offset by rapidly rising relative nominal labour costs (RNLC) due to rising...

Purpose This paper aims to investigate the role that institutional shareholders play in acquisition decisions using micro data in the Chinese stock market during 2003‐2008. Design/methodology/approach Acquisition decision is the selection and coordination process of shareholders as strategic alliances, which is determined by corporate acquisition...

This article estimates the economic returns to education in China from 1989 to 2009 using the China Health and Nutrition Survey (CHNS) dataset. We find that education returns for one additional year generally increase from 2.6% in 1989 to 7.9% in 2009. Education returns, however, may reflect signals of innate ability or the accumulation of human ca...

This paper examines the selection biases in the cyclical behaviour of real wages using the German SocioEconomic Panel Data (GSOEP) for the 1984-2009 period. We find rigid wages of job stayers in Germany.

This paper investigates the cyclical behaviour of real wages in urban China. We find wage pro-cyclicality in the public sector and in small/medium firms, but not in the private sector and in big firms.

This paper presents new data series designed to yield a more complete picture of the growth in average skill levels embedded in the EU workforce, comparing with competitor countries such as the US and China. Harmonised data from EU surveys are employed to extend coverage in existing databases to more countries, to cover the period of the financial...

This paper investigates the intrahousehold resource allocation on children's education and its earnings consequence in Chinese labour market. In order to overcome the endogeneity problem of schooling, we consider the siblings structure and the available public facilities as instrumental variables. Females' education is negatively affected by siblin...

Firm's proper acquisition size is still an unresolved question. The extant literatures mention little about the determinants of firm's acquisition size at micro economic level. With recent available data of acquisitions in Chinese stock market (Shanghai and Shenzhen) during 2003-2008, we estimate the effect of institutional ownership on firms' acqu...

This paper investigates the impact of training and education on productivity, in particular linking to a literature that emphasizes the need to reorganise production following adoption of ICT. The paper examines training at the total economy level and variation across industries, focusing especially on manufacturing versus market service sectors. I...

在我国现阶段，遗产税不能够显著地增加财政收入，也无法有效地缩小贫富差距。我们不能为了形式上的国际化而忽视我国国情对开征遗产税的制约。同时，由于法律和社会意识基础的薄弱，隐性收入和灰色收入的大量存在，以及遗产税对经济人行为的严重扭曲等原因，遗产税实施的现实条件尚不具备。所以，我国应审慎对待遗产税的开征。