China's long-term economic success is driven by new firms, new sectors and new business practices. This book explores … transformation. Finally, the book establishes local institutions and local governance as crucial dimensions of China's emerging …

The establishment of the Shanghai Stock Exchange in December 1990 was a landmark in China's institutional … assess the operational performance of listed companies, and changes in the external environment such as the impact of China … name a few. They argue that the fundamental reason for the inefficiency of China's stock market is the weakness of the …