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We examine the impact of mutual fund ownership on stock price informativeness in China. Existing evidence shows that … stock price informativeness is low in China, and attributes this to firms’ lack of disclosure incentives under the weak … mutual funds in China can also be moderated by state ownership of listed firms, which reduces firms’ dependence on outside …
Persistent link: https://www.econbiz.de/10010664199
in the People's Republic of China (PRC) after an initial public offering (IPO). Firm-level panel data analysis shows that …
Persistent link: https://www.econbiz.de/10011255217
We find that Chinese state-owned enterprises (SOEs) that performed poorly before the global financial crisis performed better during the crisis, especially when they relied on bank debt. This suggests that state ownership mitigates financial constraints during times of financial crisis. Large...
Persistent link: https://www.econbiz.de/10010582652
China, while state-owned commercial banks operate nationwide). Using a field survey on 20 city commercial banks from three … necessary to bring better banking to China. …
Persistent link: https://www.econbiz.de/10005435845
-controlled firms in China, suggesting that there is a functioning labor market for top managers in the Chinese state sector. …
Persistent link: https://www.econbiz.de/10010691916
Chinese data enable investigation of the relationship between underpricing of initial public offerings (IPOs) and legal protection with controlling for time-invariant characteristics of regions. Our investigation of Chinese IPOs between 1997 and 2009 shows that firms from a province with more...
Persistent link: https://www.econbiz.de/10010785044
We present evidence that individuals make political contributions strategically by targeting politicians with power to affect their economic well-being. Individuals in Congressional districts with greater industry clustering choose to support politicians with jurisdiction over the industry....
Persistent link: https://www.econbiz.de/10010617602
the experience of China, an economy undergoing dramatic institutional change in the last 20 years with rich variation in …
Persistent link: https://www.econbiz.de/10011267943
the experience of China, an economy undergoing dramatic institutional change in the last 20years with rich variation in …
Persistent link: https://www.econbiz.de/10010744242
Este artículo presenta un análisis de los principales hechos que han caracterizado laevolución de la crisis financiera internacional entre 2008-2009. Se resalta el proceso denacionalización y reforma del sistema financiero en los Estados Unidos, el cumplimientode los acuerdos de Basilea y...
Persistent link: https://www.econbiz.de/10008492590