Showing 1 - 10 of 78
China employs a unique foreign bank entry model. Instead of allowing full foreign control of domestic banks, foreign …
Persistent link: https://www.econbiz.de/10010818584
We study the consequences of CEO turnover announcements on the stock prices of firms in China, where most listed firms …, only for enterprises owned by the central government, and not significant for enterprises owned by local governments or …
Persistent link: https://www.econbiz.de/10010818586
This paper reviews recent regulatory and policy changes that affect the Chinese central government's ownership and … government's relationship with key SOEs as a consequence of the establishment of the State Assets Supervision and Administration …, and the government's ongoing re-evaluation of its ownership policy. SASAC appears to have the potential to develop into a …
Persistent link: https://www.econbiz.de/10005190665
This study investigates the economic consequences of cross-listing on the Chinese stock market. We argue that by adopting a higher disclosure standard through cross- listing firms voluntarily commit themselves to reducing information asymmetry. As a result, cross-listed firms are able to benefit...
Persistent link: https://www.econbiz.de/10005648581
connect this result with attempts of the Russian government to use standard mechanisms and procedures of corporate governance …
Persistent link: https://www.econbiz.de/10005207080
the government should avoid keeping equity stakes in companies unless there is a good reason to retain them. If the state …
Persistent link: https://www.econbiz.de/10005190676
This paper examines determinants of corruption across Russian regions. Key contributions include: (i) a formal study of economic corruption determinants across Russian regions; (ii) comparisons of determinants of perceived corruption versus those of actual corruption; and (iii) studying the...
Persistent link: https://www.econbiz.de/10009645238
The purpose of this paper is to carefully assess the size of public sector within the Russian banking industry. We identify and classify at least 78 state-influenced banks. For the state-owned banks, we distinguish between those that are majority-owned by federal executive authorities or Central...
Persistent link: https://www.econbiz.de/10008563373
corruption decreases as nations attain prosperity, as economic and political freedoms increase, and with a larger government size …
Persistent link: https://www.econbiz.de/10005034671
This paper uses multivariate GARCH techniques to study volatility spillovers between the Chinese non-deliverable forward market and seven of its Asia-Pacific counterparts over the period January 1998 to March 2005. To account for the time-variability of conditional correlation, a dynamic...
Persistent link: https://www.econbiz.de/10005419581