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Public sector enterprises (PSEs) have been one of the key drivers of economic development in several countries, including India. While many countries have gradually moved away from the PSE model of growth, in the year 2019, around 25 percent of the Fortune Global 500 companies were PSEs. As...
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The Chinese leadership in November 2013 determined to embark upon a new wave of comprehensive reforms in China. This is … clearly reflected by the key decision of the Third Plenum of the 18th Central Committee of Communist Party of China to assign … is crucial because it sends clear signals to both producers and consumers of energy. While the overall trend of China …
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This paper documents recent structural changes in China's corporate landscape, based on company level data, providing a … complementary perspective to that of official Chinese statistics. We classify China's largest companies by revenue since 2004 (based …
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both producers and consumers of energy. While the overall trend of China's energy pricing reform since 1984 has been moving … reforms for coal, petroleum products, natural gas, electricity and renewable power in China, and provides some analysis of … these energy price reforms, in order to have the market to play a decisive role in allocating resources and help China …
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This paper introduces and critically analyzes an emerging form of global infrastructure development by China …
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While empirical literature has documented a negative relation between default risk and stock returns, the theory suggests that default risk should be positively priced. We provide an explanation for this "default anomaly", by calculating monthly probabilities of default (PDs) for a large sample...
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peers, China and Brazil, to learn from their respective paths and experiences in similar regard. The paper concludes by …
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