State-owned enterprises (SOEs) are important components of the Chinese economy. Although SOEs are generally considered inefficient in operations, China's economy, which relies heavily on SOEs, has been highly successful over the last four decades. This indicates the importance of SOEs in China's...

In this study we provide a novel analysis on the motivations and strategies of the outward foreign direct investment (OFDI) by Chinese multinational firms under the state-centric economic development approach. Previous studies suggest that the OFDI motivations and strategies of firms from...

This is the second part of my dissertation. In this study, we examine whether and how incentives in bank lending, in emerging market like China, influence firms' investment behaviors, the key determinant of firms' productivity. First, being connected with bureaucrats provides firms with a...

We study the value of political ties for firms experiencing enforcement actions. We find that stronger corporate political ties alleviate the negative market shocks caused by enforcement action announcements of listed firms in China, and the relationship between political ties and market...

We examine whether the corporate control market is an important governance mechanism that the controlling shareholders of publicly listed Chinese SOEs employ to improve the performance of less efficiently run Chinese SOEs. Using an econometric methodology advocated by Maddala (1983), we show...