This paper studies the relationship between the governance mechanisms and the market valuation of publicly listed firms in China empirically. We construct measures for corporate governance mechanisms and measures of market valuation for all publicly listed firms on the two stock markets in China...

In this paper, we investigate empirically the relationship between governance mechanisms and the market valuation of publicly listed firms in China. We construct measures of corporate governance and market valuation for all publicly listed firms on the two stock markets in China from the firm's...

Using both the summary and detailed financial analysts earnings forecasts data from I/B/E/S, we study the role of financial analysts in the most recent Internet stock bubble. We examined the change of financial analysts' earnings forecasts around the Internet crash in April 2000. The empirical...

Does a firm's corporate governance practice affect its market value? Are shareholders in China willing to pay a premium for good governance standard? How is the premium compared with that in other emerging markets? The paper examines these important corporate governance issues in China. We...

This paper hypothesizes that the threat of losing listing status in China's distressed ST (special treatment) firms initiates a corporate control market that does not exist otherwise. The incumbent controlling shareholder, facing the possibility of losing control right, is forced to 'tunnel...