This paper examines the premiums paid by U.S.-listed Chinese companies in going-private transactions over the period from 2010 to 2012 and tests several incentive hypotheses for taking public companies private. Apart from the factors representing perceived difficulties and potential litigation...

The determinants of the massive overseas speculative fund inflow to China in recent years are investigated. Results indicate that appreciation of the Chinese currency is the primary underlying force for the influx of funds. Speculative funds aim to earn a short-term profit due to the relatively...

The paper investigates the extent of the impact from changes in asset price and risk on corporate investment behaviors as well as the real economy. The results support the unidirectional causality effects from asset price fluctuations on the macro-level. By applying quarterly data of Chinese...

This paper develops a theoretical model to identify various risks in the Chinese property insurance market. Consequently, we apply a structural VAR model to quantify the magnitude, historical timing of these risks, and their dynamic impacts on the permanent and transitory components of the...

This paper studies the effects of institutional distance and geographic distance on Chinese venture capital (VC) investment and subsequent exit, and further investigates how social capital, that is, network and trust, moderates such effects. We document significant dampening effects of both...