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Profiting from Government Stakes in a Command Economy : Evidence from Chinese Asset Sales
Calomiris, Charles - 2008
We document the market response to an unexpected announcement of proposed sales of government-owned shares in China. In …
Persistent link: https://www.econbiz.de/10012464873
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Can Superstition Create a Self-Fulfilling Prophecy? School Outcomes of Dragon Children of China
Mocan, Naci H. - 2017
Dragon year. Using three recently collected micro data sets from China we show that those born in a Dragon year are more …
Persistent link: https://www.econbiz.de/10012454973
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Anti-Corruption Reforms and Shareholder Valuations : Event Study Evidence from China
Lin, Chen - 2016
Consistent with reduced expected corruption adding value overall, Chinese shares rise sharply on the December 4th 2012 launch of major anti-corruption reforms, which started by curtailing extravagant spending by or for Party cadres. SOEs gain broadly, consistent with the reform cutting their top...
Persistent link: https://www.econbiz.de/10012456672
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Social Trust and Differential Reactions of Local and Foreign Investors to Public News
Jia, Chunxin - 2015
This paper uses the segmented dual-class shares issued by several dozen Chinese firms---A shares to local Chinese investors and H shares to foreign investors---to compare reactions of local and foreign investors to the same public news. We find that local investors react more strongly to...
Persistent link: https://www.econbiz.de/10012457591
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The External Impact of China's Exchange Rate Policy : Evidence from Firm Level Data
Eichengreen, Barry - 2011
China's exchange rate policy in 2005 and 2010 and data on 6,050 firms in 44 countries. Renminbi appreciation has a positive … effect on firms exporting to China but little positive or even a negative impact on those providing inputs for China …'s processing exports. Stock prices rise for firms competing with China in their home market while falling for firms importing …
Persistent link: https://www.econbiz.de/10012461061
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A Liberalization Spillover : From Equities to Loans
Liu, Xin - 2020
explain this puzzle. From analyzing bank loan data associated with China's introduction of the Qualified Foreign Institutional …
Persistent link: https://www.econbiz.de/10012481499
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Multinationals and the Creation of Chinese Trade Linkages
Swenson, Deborah L. - 2007
This paper studies the relationship between multinational firm proximity and the formation of new export connections by private Chinese exporters between 1997 and 2003. The results indicate that growth in the presence of multinational firms is positively associated with the formation of new...
Persistent link: https://www.econbiz.de/10012465380
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Chinese Rural Industrial Productivity and Urban Spillovers
Peng, Yusheng - 1997
Chinese rural industry has grown three times faster than national GDP, surpassing agriculture in size in 1987, and now nearing half of the total Chinese economy. We use a rich, new county-level data set to explore this dramatic growth. We find that a Cobb-Douglas production function explains...
Persistent link: https://www.econbiz.de/10012472612
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International Joint Ventures and Internal vs. External Technology Transfer : Evidence from China
Jiang, Kun - 2018
ventures in China from 1998 to 2007--roughly a quarter of all international joint ventures in the world--we find, first, that … virtually absent in broad sectors that include economic activities for which China's FDI policy has prohibited joint ventures …
Persistent link: https://www.econbiz.de/10012453259
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The Birth of Edge Cities in China : Measuring the Spillover Effects of Industrial Parks
Zheng, Siqi - 2015
Several Chinese cities have invested billions of dollars to construct new industrial parks. These place based investments solve the land assembly problem which allows many productive firms to co-locate close to each other. The resulting local economic growth creates new opportunities for real...
Persistent link: https://www.econbiz.de/10012457290