We hypothesize that poor country-level governance, which makes public information less reliable, induces fund managers to increase their use of semi-public information. Utilizing data from international mutual funds and stocks over the 2000-2009 period, we find that semi-public...

Do Chinese international construction and engineering contractors (ICEC) in Africa have any agency themselves, or are their strings tightly controlled by the Chinese state? Join Hong Zhang as she unpacks the role of ICECs in China's international economic relations – her findings based on...

Do Chinese international construction and engineering contractors (ICEC) in Africa have any agency themselves, or are their strings tightly controlled by the Chinese state? Join Hong Zhang as she unpacks the role of ICECs in China's international economic relations – her findings based on...

This paper introduces and critically analyzes an emerging form of global infrastructure development by China's infrastructure construction companies, known as "integrated investment, construction, and operation" (IICO). This model has been promoted by the Chinese infrastructure industry,...

Chinese companies have been seeking to climb up the value chain by becoming investors and operators of the infrastructure projects they are contracted to build. Despite their prominent market share in Africa as contractors, Chinese companies face a steep learning curve and have sought to work...