Noble metals atomically anchored on supporters has given rise to a series of excellent heterogeneous catalysts. Nevertheless, the stability of single-atom catalysts (SACs) is of great challenge for large-scale practical applications due to their highly unsaturated coordination environment. In...

Using data from a recent survey of bank and enterprise managers and government officials in southern China, we present a new explanation for the rise and fall of collectively-owned township and village enterprises (TVEs) based on the willingness of banks to finance collective enterprise...

Purpose – This paper seeks to understand the evolution of financial intermediation in the course of China's economic transition. Design/methodology/approach – The research is based on a unique data set collected by the authors and other collaborators from a 1998 survey of financial...

Decentralization can complement market liberalization by strengthening incentives of agents to exploit local information in response to market signals. In China, however, banks centralized lending authority following financial reforms in the mid-1990s. We offer a new theory of financial...

Purpose – This paper seeks to understand the evolution of financial intermediation in the course of China's economic transition. Design/methodology/approach – The research is based on a unique data set collected by the authors and other collaborators from a 1998 survey of financial...

Using data from a recent survey of bank and enterprise managers and government officials in southern China, we present a new explanation for the rise and fall of collectively-owned township and village enterprises (TVEs) based on the willingness of banks to finance collective enterprise...

Decentralization can complement market liberalization by strengthening incentives of agents to respond to market signals. However, in China banks centralized lending authority following financial reforms in the mid-1990s. We present a new theory of financial decentralization in which...

The purpose of this study to help shed light on the entrepreneurship, entrepreneurs and enterprise growth in Wenzhou. The study is done by relying on a probabilistic firm survey that we carried out in Wenzhou in early 2006 for three industries: shoes, eyeglasses and general equipment. Not a...