Introduction to the experiences and challenges in the development of the Chinese capital market / Douglas Cumming, Alessandra Guariglia, Wenxuan Hou, and Edward Lee -- Information asymmetry and the diversification discount : evidence from listed firms in China / Michael Firth, Man Jin and...

China is an increasingly influential emerging economy that is currently attracting the attention of academics, practitioners, and policy makers. This book is a collection of cutting edge research findings on issues relating to the experiences and challenges of China's capital market development.

The German corporate governance system has long been cited as the standard example of an insider-controlled and stakeholder-oriented system. We argue that despite important reforms and substantial changes of individual elements of the German corporate governance system the main characteristics...