CONTENTS

Does R&D Investment Affect Corporate Payout: Reputation or Financial Flexibility?

WANGYihanYANGHanmingWANGZhenkun(3)

Nature of Property Right, Managerial External Pay Gap and Firm Risk-Taking

ZHANGZhihongZHUXiaolin(14)

On Internal Control Information Disclosure and Firm Stock Price Crash Risk

JIANGHongyunWANGXiongyuan(23)

Analysts′ Coverage, Nature of Property Right and Earnings Management Method

YEChengangLIUMeng(33)

Labor Share’s Volatility and Its Effects in a Real Business Cycle Model

YUANFeilan(43)

Uncoordinated Development of Virtual Economy and Real Economy, Capital Investment and Substitution Effect

MAHongHOUGuishengWANGYuanyue(55)

Corporate Culture and Innovation Efficiency:From the Perspective of Related Mergers and Acquisitions

WUHaoqiangLIUShulin(65)

Bubble Measurement and Spatial Infectious Effect of Housing Price in Yangtze River Delta

ZHANGChao(73)

Factor Analysis of the Diffusion of Shantytowns Policy

XIEJun(80)

Tax Collection Centralization and the Actual Tax Burden of Enterprise of Service Industry: Evidence from a Policy Evaluation Based on PSM Model

DENGXiaolanJINBohan(87)

Study of Flows of Funds Table, Product Tax and Economic Incidence of Indirect Tax

LIYing(98)

Credit Rating Business Model, Reputation and the Rating Quality: An Empirical Analysis of China’s Bond Market

LIULinZHADaolin(106)

New Progress in the Theory and Application of Global Value Chain Measurement

NIHongfu(115)

Does Service Trade Liberalization Promote Chinese Enterprises’ Innovation?

LIHongliangXIEJianguo(127)

The Relocation and Settlement Project and Identification of the Targeted Migrants

LIUWeiXUJieLIJie(138)

The Effect of Social Support on the Health of Rural Residents

LIDongfangLIUErpeng(149)