The aim of this article is to assess the competitiveness of the EU and the NIEs in trading with, and investing in, China since the early 1980s when China started to participate openly in the world economy. To address this issue, we employ specially constructed bilateral trade figures and data on...

This paper looks at the IPO underpricing puzzle in a political economy perspective, as previous theories have considered only the ‘market economy factor’ in IPO underpricing, and failed to incorporate the ‘political economy factor’ in determining IPO underpricing. This is particularly...

This paper attempts to investigate the determinants of the capital structure of a sample of 972 listed companies on the Shanghai Stock Exchange and Shenzhen Stock Exchange in China in 2003. Various theories, namely, the trade-off, pecking order and agency theories, are deployed to explain and...