In the last two decades, China has registered rapid and substantial increases in outbound foreign direct investment across regions and industries. Building on prior literature, this paper provides an empirical analysis on the impact of the Chinese institutional environment on its globalization...

China is becoming increasingly active in international markets for mergers and acquisitions. Chinese acquirers are buying stakes in foreign companies to get access to resources, markets, and technology, among other reasons. With China's expanding wealth and vast foreign exchange resources,...

Building on prior literature, this paper provides an empirical analysis of the impact of the Chinese institutional environment on its globalization patterns. A framework is presented through which distortive government policies act upon existing country and firm‐specific advantages, giving...

Motivated by the growing importance of the Chinese domestic economy for the global economic condition, we test whether the consumption risk of China matters for the cross-section of U.S. equity returns. We find that the two-factor international asset-pricing model with both U.S. and Chinese...

Given the strict censorship in China, would tweets about Chinese economic policy uncertainty by global Twitter users contain valuable information above and beyond existing indices? We construct novel daily and monthly frequency "censorship-free" indices of Twitter-based Chinese economic policy...