deregulation in China. Such deregulation leads to higher screening standards, lower interest rates, and lower delinquency rates for …

added production function of the State Owned (SOE) and Foreign-Funded Enterprises (FFE) in China, 1980s-2007. The transition … associated with the economic reforms in China is estimated applying a curvilinear logistic function, where the speed and the …

and widely taking place in China, it is much less known whether and to what extent privatization has improved resource …

While China has made great strides in transforming its centrally-planned economy to a market-oriented economy, there … competition and social welfare in the context of China's automobile market. This market exhibits a salient feature that vehicle …

This paper studies the connection between share pledging and entrepreneurial activities in China, challenging the …

information content of credit spreads in China. Using Merton's model of default, we construct credit measures of publicly listed … 2014, do credit spreads in China become informative. Compared with the findings in the US credit market, the magnitude of … state-owned enterprises (SOEs) in China results in a market segmentation between SOE and non-SOE issuers that is harmful to …

subsidies provided to China's publicly traded firms. We categorize subsidies into different types. We then estimate total … suggest that China's increasingly prescriptive industrial policies may have generated limited effects in promoting …