caught in it. The CUI shows that China became a middle-income country in 2007-2008. We see five major types of middle …-income trap that China is vulnerable to (a) fiscal stress from the nonperforming loans generated by the interaction between the … governance principles and management methods to prevent China from falling into these five types of middle-income trap …

This is an empirical study that examines the underpricing and aftermarket long-term performance of IPOs in China and … China. The findings demonstrate that initial IPO returns influence the market value long-term and that the ownership …

credit risk. China's green credit reforms, part of sweeping “green finance” policies adopted by the Chinese government over … the past decade, require banks to do exactly that. China's green credit reforms offer an opportunity to test current … global capital markets. This study uses data from the 21 Chinese banks that are at the forefront of China's green finance …

Since the first corporate law in China was passed in 1993（the 1993 Corporate Law), China took a rather strict approach … track-record in the market. The evolution of the capital maintenance requirement in China fits well with the general trend … capital regime, such as France, Germany, Japan and Korea. Meanwhile, this process presented certain features unique to China …

China could not have achieved its economic growth in a vacuum of legal development. But its legal system is facing … by this problem, and illustrate the ways in which China has developed unique market solutions to the informational … challenges faced by its legal system. Using the example of initial public offerings of equity securities by China's state owned …

The purpose of this paper is to describe the development of China’s science and technology, their related institutions …

The purpose of this paper is to describe the development of China’s science and technology, their related institutions …

Financial Crisis, and China increased the growth rate of base money slightly. The resulting credit growth was very slight in US … and UK but over 100% in China. The US and UK money multipliers collapsed because the required capital adequacy ratio (CAR … it; and equals the reciprocal of the required reserve ratio when CAR is not binding. To improve China's economic …

This paper provides the first systematic evidence on compensation for executives of firms listed in China’s emerging …, using comprehensive financial and accounting data on China’s listed firms from 1998 to 2002 (data modeled after Compustat … shareholder value in China. The size of the estimated sensitivities imply that a 1000 RMB increase in shareholder value yields a 0 …

This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using … comprehensive financial and accounting data on China’s listed firms from 1998 to 2002, augmented by unique data on executive … cash compensation (salary and bonus) for top executives with respect to shareholder value in China. In addition, sales …