In the 1990s, a new ownership form called ‘joint-stock co-operative’ (gufen hezuozhi) became widely adopted in China’s township and village enterprise sector. The promising dynamics and high adaptive ability of the new ownership form is in contradiction with the conclusions suggested by...

Using a unique set of quarterly residential real estate price data for 12 major Chinese cities during the period from 1999 to 2010, this paper employs both relative measures and well-specified regression models to examine the impact of key fundamental factors on home prices. Our empirical...

L<sc>ee</sc> I. H., H<sc>ong</sc> E. and S<sc>un</sc> L. Inward foreign direct investment and domestic entrepreneurship: a regional analysis of new firm creation in Korea, <italic>Regional Studies</italic>. This paper assesses the intra- and inter-regional impacts of inward foreign direct investment on the decisions of establishing new...

Summary This paper proposes a micro-level framework to account for how firms in developing economies overcome domestic institutional constraints. It illustrates that the mechanisms enabling those firms to benefit from financial globalization are more complex than the "direct" financial channels...

This paper argues that the deeply rooted cause of poor corporate governance practices in China's state-owned banks is the discretion enjoyed by policy makers to re-optimise their policy choices when they deem necessary and the consequent moral hazard leading to opportunistic behaviours of bank...