foreign venture capital in China. It also discusses the recent developments, advantages and disadvantages of various China …-run performance of the U.S.-listed China Venture-backed IPOs between 2000 and 2005. …

-power hypothesis, and contradict the traditional certification hypothesis and underlying reputation mechanism. …

prevailing incentive problem of the market and contemporaneously satisfy the reputation demand of the investors? This paper … theoretical approach that considers reputation as one of the most important aspects within the market. After analysing the status … smaller CRAs and new incumbents are the increase of market share as well as reputation. Therefore, the market competition …

centrality, considered as measures of their experience and reputation, on borrowing costs. We show that the market for syndicated … lenders’ experience and reputation play a significant role in reducing loan spreads and thus increasing borrower’s wealth. …

reputation, however, depends on economic fundamentals that vary over the business cycle. In a model of ratings incorporating … endogenous reputation and a market environment that varies, we find that ratings quality is countercyclical. Specifically, a CRA …