Using two newly available datasets of exchange-listed firms in China covering the period from 1994 to 2003, we test if share-issue privatization, defined here as a change of corporate control from the State to private owners rather than the IPO event used in earlier studies, improved firm...

Using quarterly data for 1995-2005, we examine the role of financial factors in China's recent increases in real sector activity. A series of cointegrated VAR models indicate that banking sector development was central to these successes, but that stock market development, as measured by market...

Using two newly available datasets of listed firms covering the period from 1994 to 2003, we test if share-issue privatization, defined here as the change of corporate control from the State to private owners rather than the IPO event as in earlier studies, improved firm performance in China. To...

Over the past two decades, China has been the worlds fastest-growing economy. My dissertation focuses on several important issues in Chinas recent development and reform:(1) Financial development and economic growth. It is widely recognized that financial sector reform is crucial to Chinas...