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China's increasing role in global economic affairs has placed the country at a crossroads: how many and what types of … international capital-market transactions will China permit? How will China's financial system change internally? What kind of … States? Can China broker a sustainable partnership with America that will avoid sending economic shock waves throughout the …
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In this paper, we examine how the effect of movements in the real exchange rate on manufacturing plants depends on the plant's placement within the productivity distribution. Appreciations of the local currency expose domestic plants to more competition from abroad as export opportunities shrink...
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This paper studies monetary and exchange rate policy in a world of global value chains. Using recent microdata from Japan and Russia, devaluations are shown to negatively affect exporters in terms of employment, domestic revenue and profitability relative to nonexporting firms. Given their...
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While the relationship between state ownership and firm performance has been widely researched, the empirical evidence has provided mixed results. This study applies panel data regression techniques to 10,639 firm-year observations of non-financial Chinese listed firms during 2003-2010 to...
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This study examines whether corporate culture promotion affects firm performance in China in terms of firm market value …
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