This paper examines the various sources of finance in promoting growth in post-reform China …

Using comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data … listing suspension mechanism, i.e., the ST designation, adopted by China's securities regulatory agency appears to be … literature on economic transition, our findings suggest that any fundamental improvement in China's corporate governance will …

This book covers the first decade of economic reform in China by examining the various financial aspects of post … the early stages of economic and financial reforms in China, one can understand the way the China authority is conducting …

We study the reform of China’s state-owned enterprises (SOE) with a focus on the corporatization of SOEs. We first … least efficient firms in the state sector, but the magnitude of TFP growth also depends on the efficiency in capital …

Using municipal cities during China’s reform era as the setting, we investigate how different aspects of financial … allocative efficiency. We further show that local government-driven finance causes excessive allocation of resources to state …-owned enterprises and large firms, lowers investment efficiency, and exerts larger impacts in the earlier period of local politicians …

This paper looks at the development and transformation of the People's Republic of China (PRC)'s financial system since …

-natural experiment: China's Split-share Structure Reform. State-Owned Enterprises (SOEs) have an advantage over non-SOEs in securing …