We examine the effectiveness of China's IFRS adoption from the perspective of an important set of financial report … users, foreign institutional investors. We find that foreign institutional investment does not increase after China's IFRS … that foreign institutional investors' returns decrease after China's IFRS adoption. Finally, the decline in foreign …

contribute to Chinese urbanization. Finally, we show that better institutions in Concessions facilitated the emergence of modern …

This paper studies the persistent impact of good institutions on economic development in China. By exploiting a British …-driven institutional switch in part of China's customs stations in 1902, I find that counties that were more affected by the British … customs institutions are also better developed today. Moreover, I show that the institutional switch was exogenous to the pre …

This paper studies the persistent impact of good institutions on economic development in China. By exploiting a British …-driven institutional switch in part of China's customs stations in 1902, I find that counties that were more affected by the British … customs institutions are also better developed today. Moreover, I show that the institutional switch was exogenous to the pre …

We review previous literature on productivity spillovers of foreign direct investment (FDI) in China and conduct our …

model incorporating England's and China's distinct pre-modern risk-sharing institutions. The model predicts a transition in …We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to …

set of formal and informal market-regulating and market-stabilising institutions. The following positive institutional …

Can historical institutions affect today's firm innovation? We analyze a historical experiment in 1902, when the … industrial firms in China, we show that firms in locations historically affected by the CMC rules exhibit higher innovation …

efficiency. We would argue that China is likely to continue to expand the hardware, given its strong institutions devoted to …, and helps or hinders its progress. This is perhaps especially so in state-dominated systems such as China, which have … historically considered energy as a strategic field for reasons of both security and economic development. China has already taken …

Can historical institutions affect today's firm innovation? We analyze a historical experiment in 1902, when the … industrial firms in China, we show that firms in locations historically affected by the CMC rules exhibit higher innovation …