The present paper argues that the effect of corruption on foreign ownership is not necessarily linear and depends on … the level of host corruption. So long as the expected returns from foreign investments exceed its expected costs, higher … host corruption will be associated with higher foreign ownership. However, costs may exceed or exactly compensate the …

One of the main aims of China's 12th Five-Year Program, which covers the period 2011-15, is to make Chinese industry … to market funding. A government-backed investment company, China Reform Holdings Corporation, has been established to … restructure China's central state-owned enterprises. The next step will be for private-sector capital and foreign capital to be …

Great credit risk is a big headache which blocks the development of the banking sector of China. Based on the panel … growth of China's economy and benefits a lot from the massive financial restructuring of state-owned banks …

reasonable to argue that the corporate relocation phenomenon in China's VC financings actually reflects more of a contracting … the particular setting of China, real strategic corporate relocation in venture capital finance is not really an issue yet …

adequacy ratio and liquidity ratio. By compiling a complete list of cross-border acquisitions in China's banking sector, we …

foreign strategic investors (FSIs) on bank credit risk in China and testedthe possible disclosure effect, management effect …

of the financial market in China. First, better investor protection mechanisms at target countries, such as better law … and order conditions, lower public sector corruption and better protection of creditor rights, are not creating wealth for … shareholders of bidding firms around China's outward cross-border mergers. Second, firm-level corporate governance mechanisms are …

The present paper argues that the effect of corruption on foreign ownership is not necessarily linear and depends on … the level of host corruption. So long as the expected returns from foreign investments exceed its expected costs, higher … host corruption will be associated with higher foreign ownership. However, costs may exceed or exactly compensate the …

, ceteris paribus, corruption may yield differential effects on foreign investment in a group of central and eastern European … (CEE) countries depending on the level of business regulations, home-host corruption similarity or EU/OECD membership link … with corruption in the presence of business regulations and home-host corruption similarity, both of which may facilitate …

Vietnam. We find that provinces with low or no bribes in public sectors, more efforts to control corruption, higher market …