an optimal response of the winner's prize to the size of the contestant pool is more evident for China's listed firms … to decide on the tournament winner). Using comprehensive financial and accounting data on China's listed firms from 1998 … effort and hence improved firm performance, and that the performance effect of the winner's prize is greater for China …

profitability of foreign direct investments made by overseas Chinese in China. Our paper takes advantage of a large dataset-over 50 …,000 firms over a period of eight years-that is comprised of two types of foreign firms with investments in China-those owned by … China do not outperform non-ethnically Chinese firms by a set of conventional profitability measures. We also find that the …

technical efficiency. We examine how industrial firms responded to China's severe power shortages in the early 2000s. Fast …