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institutional arrangements under 'capitalism with Chinese characteristics', the precise economic mechanisms underpinning China …
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This paper revisits the relative importance of global versus country-specific factors underlying stock returns. It constructs a new firm level data set covering emerging and developed markets and estimates a simple factor model, which breaks down stock returns into a global business cycle...
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It is often stated that globalization makes a "smaller" world by institutional conver-gence. Economic orders become … alike across the world. This article addresses institutional change triggered by the global financial crisis of 2008 … analysing the extent to which there is institutional convergence, the article follows the approach of "Varieties of Capitalism …
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