At the joint meeting on national final accounting, we interviewed Jiang Jianping, the head of the Budget Section in the Jiangsu provincial Department of Finance; and Liu Wei, the head of the Budget Section in the Chongqing municipal Bureau of Finance. Our conversation with the two officials went...

The Chinese iron and steel industry of 1987 is described in terms of energy consumption and production statistics and compared with the U.S. industry to clarify the major differences. The Chinese industry includes many plants which are extremely small by U.S. standards and use antiquated...

The Moore-Penrose inverse of a singular or nonsquare matrix is not only existent but also unique. In this paper, we derive the Jacobian of the transformation from such a matrix to the transpose of its Moore-Penrose inverse. Using this Jacobian, we investigate the distribution of the...

In 1994 in its push toward the establishment of a market economy, China introduced a fundamental reform of its tax and intergovernmental fiscal relations systems, which became known as the "tax-sharing system" or TSS reform. The fundamental goal of the TSS reform was to improve the behavior of...

This study updates the issue of arbitrage and joint market efficiency of the Hong Kong derivatives markets from three aspects: (1) put-call-futures parity is tested on a much more recent and larger data set (2002-2004); (2) the period covers several major events that exert remarkable shocks to...

This study proposes necessary modifications to the existing internationalization–performance relationship to meet the idiosyncrasies of China-specific contexts. We first hypothesize an S-shaped internationalization–performance relationship as the baseline and then investigate the moderating...