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Why Did Some Banks Perform Better During the Credit Crisis? A Cross-Country Study of the Impact of Governance and Regulation
Beltratti, Andrea - 2010
Though overall bank performance from July 2007 to December 2008 was the worst since at least the Great Depression, there is significant variation in the cross-section of stock returns of large banks across the world during that period. We use this variation to evaluate the importance of factors...
Persistent link: https://www.econbiz.de/10013151816
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Wall Street's First Corporate Governance Crisis : The Panic of 1826
Hilt, Eric - 2010
In July of 1826, several prominent Wall Street firms abruptly went bankrupt, amid scandalous revelations of fraudulent financial practices by their management. Although mostly forgotten today, these events represented a watershed in the early development of the corporation laws and investor...
Persistent link: https://www.econbiz.de/10012757536
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Chinese Capital Market : An Empirical Overview
Hu, Grace Xing - 2018
and is now the second largest in the world. Due to China's tight capital controls, the development of its capital market … bound to change substantially as China becomes more integrated into the global financial system. In this paper, we provide …
Persistent link: https://www.econbiz.de/10012926413
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Initial Public Offering and Corporate Governance in China's Transitional Economy
Chen, Chien-Hsun - 2010
that the only industries in which listed companies in China display strong performance are public utilities, transportation …
Persistent link: https://www.econbiz.de/10012762840
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The SOE Premium and Government Support in China's Credit Market
Geng, Zhe - 2019
We study how perceived government support for state-owned enterprises (SOEs), can shut out non-SOEs in China's credit … label. Examining the real impact of this deepening allocational inefficiency, we find that, since 2018Q2, non-SOEs in China …
Persistent link: https://www.econbiz.de/10012857737
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The Global History of Corporate Governance : An Introduction
Steier, Lloyd - 2013
This paper presents a synopsis of recent NBER studies of the history of corporate governance in Canada, China, France …
Persistent link: https://www.econbiz.de/10012754560
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Ownership and Control in Outsourcing to China : Estimating the Property-Rights Theory of the Firm
Feenstra, Robert C.; Hanson, Gordon H. - 2021
In this paper, we develop a simple model of international outsourcing and apply it to processing trade in China. We … observe China's processing exports broken down by who owns the plant and by who controls the inputs the plant processes …. Multinational firms engaged in export processing in China tend to split factory ownership and input control with managers in China …
Persistent link: https://www.econbiz.de/10013228044
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The 2008 Financial Crisis and the Lack of Retaliatory Trade Intervention
Li, Chunding - 2016
The 2008 financial crisis did not precipitate global retaliatory trade intervention, in seeming contrast to the Great Depression in 1930s. This paper discusses the influence of model structure in optimal tariff (OT) calculations in explaining this puzzle. We emphasize how earlier literature...
Persistent link: https://www.econbiz.de/10013001775
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Leverage-Induced Fire Sales and Stock Market Crashes
Bian, Jiangze - 2018
We provide direct evidence of leverage-induced fire sales contributing to a market crash using account-level trading data for brokerage- and shadow-financed margin accounts during the Chinese stock market crash of 2015. Margin investors heavily sell their holdings when their account-level...
Persistent link: https://www.econbiz.de/10012911095
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Exporting and Firm Performance : Chinese Exporters and the Asian Financial Crisis
Park, Albert - 2010
We ask how export demand shocks associated with the Asian financial crisis affected Chinese exporters. We construct firm-specific exchange rate shocks based on the pre-crisis destinations of firms' exports. Because the shocks were unanticipated and large, they are a plausible instrument for...
Persistent link: https://www.econbiz.de/10012758022