in Europe and Latin America, where several governments are large shareholders in a variety of public firms. In a sense …, the subprime crisis induced these governments to behave as active large shareholders. This paper uses a sample of public … firms in Brazil to show that government activism lowers the value of minority shareholders' voting rights. While the …

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 …

the short term, however, it can sow the seeds of social instability in the long term. Local governments in China are …

of their fiduciary responsibilities to their shareholders? Can they do so on a sustainable basis, or will the forces of a …

China, from its own perspective cannot afford to, and from an international perspective, is not allowed to continue on … discusses China’s own efforts towards energy saving and pollutants cutting, the widespread use of renewable energy and … participation in clean development mechanism, and puts carbon reductions of China’s unilateral actions into perspective. Given that …

China is undergoing its long-awaited industrial revolution. There is no shortage of commentary and opinion on this … fundamental mechanisms behind China's rapid industrialization. This article reviews the New Stage Theory of economic development …, despite sharp differences in political and institutional conditions. One of the key conclusions exemplified by China …