In this study, we examine characteristics of Specified Purpose Acquisition Companies (SPACs) used as a financing tool for companies from China in period 2004-2011. We offer the evidence that, similarly to evidence from studies on reverse mergers focusing on China, SPACs that focus on China are...

This paper investigates and compares the characteristics of independent directors and supervisory board members in Chinese listed firms. The occupational backgrounds of independent directors and supervisory board members in listed firms are very different. Besides, different firms have different...

In this study, we examine characteristics of Specified Purpose Acquisition Companies (SPACs) used as a financing tool for companies from China in period 2004-2011. We offer the evidence that, similarly to evidence from studies on reverse mergers focusing on China, SPACs that focus on China are...

This paper analyses the relationship between corporate governance, state ownership and cross-listing by using data from 2,113 Chinese A-share listed firms during the period 2008 to 2013. Firstly, corporate governance features in state-owned vs. non-state-owned and cross-listed vs....

The Granger-causality effects between earnings, cash flow, and capital investment as well as on subsequent annual stock returns are examined for China in an international framework. Overall, there is a Granger causality relationship from earnings to capital investment. Furthermore, there is...

Using hand-collected data on IPOs by private-owned enterprises, this article examines the regulatory benefits of political connections in China's state-controlled going public process, a subject that has rarely been investigated in existing literature. This article makes the following findings:...

The paradox that the performance of China's stock market has not matched the performance of China's real economy has been puzzling. This article argues that one of the major causes of the poor performance of China's stock markets is that ever since their establishment, China's stock markets have...

The fact that the consistently poor performance of China's stock markets has not matched China's rapid economic growth has been puzzling. Using samples of private-owned enterprises publicly traded on China's stock markets, this article finds that 74% of these firms are politically-connected and...

Environmental regulation greatly increases the external transformation demands on heavily polluting enterprises. To respond to these demands, the remolding of and innovation in business models can be realized through green mergers and acquisitions (M&As), which have become a strategic choice for...

This paper surveys corporate governance in China, as described in a growing literature published in top journals. Unlike the classical vertical agency problems in Western countries, the dominant agency problem in China is the horizontal agency conflict between controlling and minority...