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The Unintended Consequences of Regulation : Evidence from China’s Interbank Market
Gu, Xian - 2019
In this paper we use evidence from China's interbank market to examine the unanticipated consequences of regulation on … interbank market to get around regulation in the search for funds. Specifically, we find that banks which face greater …
Persistent link: https://www.econbiz.de/10012891482
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Investment Terms and Level of Control of China's Sovereign Wealth Fund in Its Portfolio Firms
Li, Jing - 2017
This paper examines the investment terms of SWFs in respect of control rights in investee firms. Having reviewed extensive evidence from the China Investment Corporation from 2007 to 2015, I show that this SWF takes significant equity in investees, but often in the form of non-controlling...
Persistent link: https://www.econbiz.de/10012943947
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OTC Stock Market in China – The New Venture Capital Exit?
Li, Jing - 2017
Venture capital is certainly important to a country in that it finances entrepreneurship and innovation. In recent years, secondary markets for private shares have emerged as an important node in the VC cycle by both facilitating interim liquidity for non-listed firms and providing external...
Persistent link: https://www.econbiz.de/10012971704
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State as an Entrepreneur : A Study of the Investment Contractual Terms and Level of Control of China’s Sovereign Wealth Fund in Its Portfolio Firms
Li, Jing - 2015
regulation at SWFs as a particular group of investors, and guard against those proposals rushed out of short-term fad or …
Persistent link: https://www.econbiz.de/10013021230
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Strengthening the financial system and mobilizing savings to support more balanced growth in ASEAN+3
Siackhachanh, A. Noy - 2012
As witnessed during the 1997/98 Asian financial crisis, the dependency on short-term foreign capital for long-term investment made the region vulnerable to the sudden reversal of capital inflows. Rapid capital outflows not only caused the collapse of the financial system but also a sharp...
Persistent link: https://www.econbiz.de/10009697263
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Does a Sudden Breakdown in Public Information Search Impair Analyst Forecast Accuracy? Evidence from Google’s Withdrawal from China
Chen, Yangyang; Li, Zihui; Ma, Lijun; Zhang, Min - 2022
We examine how the sudden drop in public information search capability caused by Google’s withdrawal from China affects Chinese analysts’ earnings forecasts. We observe, after Google’s withdrawal, a decline in analysts’ forecast accuracy for firms with foreign trade relative to those...
Persistent link: https://www.econbiz.de/10013405085
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Why Chinese listed companies frequently switch lead underwriters in seasoned equity offerings: A perspective of listed companies' loyalty
Jianghui, Liu - In: China Finance Review International 1 (2011) June, pp. 280-312
Purpose–The purpose of this paper is to explore the reasons for the high-frequency switches of lead underwriters by Chinese listed companies in their seasoned equity offerings. It contributes to the literature by filling the gap and providing evidence that institutional and non-market factors...
Persistent link: https://www.econbiz.de/10010561530
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Understanding the high profitability of Chinese banks
Löchel, Horst; Li, Helena Xiang - 2011
The big Chinese state-owned banks came as winners out of the global financial crisis. According to the Banker ranking, Chinese banks led the global banking profitability ranking through the years from 2008 to 2010 and contributed one fifth of global banking profits in 2010. The Chinese banking...
Persistent link: https://www.econbiz.de/10010307920
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What regulatory policies work for emerging markets?
Ping, Luo - 2011
significant differences can be observed with respect to qualification review of senior management, broader regulation at the … to regulation; in many cases, regulations are prescriptive or even intrusive. In building a robust supervisory system … general principles and a principle-based approach to regulation do not seem to work well for emerging markets. Indeed, the …
Persistent link: https://www.econbiz.de/10010286158
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What regulatory policies work for emerging markets?
Luo, Ping - 2011
significant differences can be observed with respect to qualification review of senior management, broader regulation at the … to regulation; in many cases, regulations are prescriptive or even intrusive. In building a robust supervisory system … general principles and a principle-based approach to regulation do not seem to work well for emerging markets. Indeed, the …
Persistent link: https://www.econbiz.de/10008907802