This article examines the impact of the minimum wage on employment in China using data from 2000 to 2005. The effect of the minimum wage on employment levels was found to be mixed. Overall, minimum wages have no significantly adverse effect on employment. In particular, the results in the...

The pecking-order theory of capital structure, which predicts that firms prefer internal to external finance, is one of the most influential theories of corporate leverage. This article examines whether the financial structure of China's listed companies follows a pecking order from debt to...