The article presents changes in trade flows of added value between ASEAN and China in the years 1995-2020. The article aims to assess the intensity of value-added flows in trade links between ASEAN and China. The article tried to answer whether the ASEAN economies and China take part equally in...

This study attempts to investigate the interdependence and risk spillover effects between China and ASEAN-6 stock markets by using the Copula-TV-GARCH-CoVaR model and the MES model covering the period from January 04, 2010 to April 30, 2021. The results indicate that these stock markets, except...

The fragmentation of production across borders allows firms to make and export final goods, or to perform only intermediate stages of production by processing imported inputs for re-exporting. We examine how financial frictions affect companies’ choice between processing and ordinary trade -...

We investigate state share transfers of Chinese listed companies on how financial conditions and ownership structure affect such restructuring decision and shareholders' wealth. Chinese stock market reacts positively to all state share transfers around announcements. The short term positive...

The fragmentation of production across borders allows firms to make and export final goods, or to perform only intermediate stages of production by processing imported inputs for re-exporting. We examine how financial frictions affect companies' choice between processing and ordinary trade –...

The fragmentation of production across borders allows firms to make and export final goods, or to perform only intermediate stages of production by processing imported inputs for re-exporting. We examine how financial frictions affect companies' choice between processing and ordinary trade –...

We study the role of Chinese government guidance funds (GGFs) in value creation for investee firms. Using a sample of 2,855 firms that went public during the period of 2010-2021, we show that GGF-backed IPO firms had higher initial returns than non-VC-backed IPO firms and non-GGF VC-backed IPO...