In this study, we examine whether government regulatory initiatives in China involving IPO by SOEs may have contributed to opportunistic behaviors by the issuer. We focus on two sets of IPO regulations issued between January 1, 1996 and February 11, 1999: pricing regulations, which stipulate...

A novel PdAg/TiO2 nanofiber electrocatalyst for methanol oxidation was fabricated by using TiO2 nanofiber as support. The structural and electrochemical properties of the PdAg/TiO2 nanofiber catalyst were characterized by XRD (X-ray diffraction), TEM (the transmission electron microscopy) and...

Using a broad sample of listed commercial banks in East Asia and Western Europe, this paper investigates the relations among concentrated control, a set of bank operating characteristics, and legal and regulatory regimes. We find that banks with concentrated control exhibit poorer performance,...

The extant corporate investment literature has documented that information asymmetry and agency conflicts between managers and outside investors prevent firms from making optimal investment decisions. In this study, we investigate whether government intervention, as another form of friction,...

The effect of soil warming and precipitation control in the context of soil warming on Collembola community was studied in Songnen grassland, China. Treatments included (1) control; (2) soil warming; (3) soil warming with low precipitation; and (4) soil warming with high precipitation. The open...

We examine the buyer's problem of inducing the supplier's quality effort using two arrangements: the appraisal regime and the certification regime. In the appraisal regime, the buyer inspects the units supplied and either charges a penalty for defective units identified during inspection or pays...