Narrow search
Showing 1 - 10 of 12
Cover Image
Institutions and Foreign Investment : China versus the World
Fan, Joseph P.H. - 2007
Weak institutions ought to deter foreign direction investment (FDI), and mass media stories highlight China …'s institutional deficiencies, yet China is now one of the world's largest FDI destinations. This incongruity characterizes China …'s paradoxical growth. Cross-country regressions show that China's FDI inflow is not exceptionally large, given the quality of its …
Persistent link: https://www.econbiz.de/10012465214
Cover Image
The Stock Connect to China
He, Zhiguo; Wang, Yuehan; Zhu, Xiaoquan - National Bureau of Economic Research - 2023
As a bridge between Chinese mainland and international financial markets, the Stock Connect program allows investors on both sides to gain mutual access. By analyzing how cross-border flows respond to macro-related shocks, we show that compared with possibly homemade foreign investors, genuine...
Persistent link: https://www.econbiz.de/10013537785
Cover Image
Share Pledging in China : Funding Listed Firms or Funding Entrepreneurship?
He, Zhiguo; Liu, Bibo; Zhu, Feifei - National Bureau of Economic Research - 2022
This paper studies the connection between share pledging and entrepreneurial activities in China, challenging the …
Persistent link: https://www.econbiz.de/10012938700
Cover Image
What Gets Measured Gets Managed : Investment and the Cost of Capital
He, Zhiguo; Liao, Guanmin; Wang, Baolian - National Bureau of Economic Research - 2022
evidence that incentive schemes affect real investment and sheds new light on challenges faced by economic reforms in China …
Persistent link: https://www.econbiz.de/10012938744
Cover Image
Chinese Bond Market and Interbank Market
Amstad, Marlene - 2019
Over the past twenty years, especially the past decade, China has taken enormous strides to develop its bond market as … credit ratings and rating agencies in Chinese market, and offer an account of ever-rising default incidents in China starting …
Persistent link: https://www.econbiz.de/10012479503
Cover Image
Pledgeability and Asset Prices : Evidence from the Chinese Corporate Bond Markets
Chen, Hui - 2019
in China …
Persistent link: https://www.econbiz.de/10012480464
Cover Image
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/10012480693
Cover Image
Health Shocks, Village Elections, and Long-Term Income : Evidence from Rural China
Gan, Li - 2006
Using a sample of households in 48 Chinese villages for the period 1986-2002, this paper studies the dynamic effects of major health shocks on household income and the role played by village elections in mitigating these effects. Our results show that in the first 15 years after a shock, a...
Persistent link: https://www.econbiz.de/10012465975
Cover Image
Eat, Drink, Firms and Government : An Investigation of Corruption from Entertainment and Travel Costs of Chinese Firms
Cai, Hongbin - 2005
Entertainment and Travel Costs (ETC) is a standard expenditure item for Chinese firms with an annual amount equal to about 20 percent of total wage bills. We use this objective accounting measure as a basis to analyze the composition of ETC and the effect of ETC on firm performance. We rely on...
Persistent link: https://www.econbiz.de/10012467085
Cover Image
The Financing of Local Government in China : Stimulus Loan Wanes and Shadow Banking Waxes
Chen, Zhuo - 2017
China's four-trillion-yuan stimulus package fueled by bank loans in 2009 has led to the rapid growth of shadow banking … activities in China after 2012. The local governments in China financed the stimulus plan mainly through bank loans in 2009, and …
Persistent link: https://www.econbiz.de/10012455084