Purpose In China, private equity placement (PEP) has become the most important equity refinancing method because most listed firms issue new stocks in this method. However, previous literature has not paid much attention to the impact of political connections on PEP. In this paper, the authors...

Implementation of local public services' reform is generally a complexissue. A main reason is that the economical, technical and socio-political aspects of public services must be taken in consideration at the same time, particularly in the case of water management. The juridical and economic...