Using comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data … listing suspension mechanism, i.e., the ST designation, adopted by China's securities regulatory agency appears to be … literature on economic transition, our findings suggest that any fundamental improvement in China's corporate governance will …

This paper analyzes consumption risk sharing among provinces in the People's Republic of China (PRC) during 1980 …

There have been profound changes in both political and economic institutions in China over the last twenty years …

sample of corporate China, we find that the costs of financing for SOEs are significantly lower than for other companies …

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 …

China is the world's largest investor and greatest contributor to global economic growth by wide margins. The … that China's stock market has a crucial role to play. Since the reforms of the last decade, China's stock market has become …, growth stocks, and long shots, and they discount for illiquidity and market risk. China's stock market no longer deserves its …

China's investment rate is one of the highest in the world, which naturally leads one to suspect that the return to … capital in China must be quite low. Using the data from China's national accounts, we estimate the rate of return to capital … in China. We find that the aggregate rate of return to capital averaged 25% during 1978-1993, fell during 1993-1998, and …

This paper shows that, counter to common perception, stock prices in China are strongly linked to firm fundamentals …. Price informativeness is significantly correlated with corporate investment efficiency. For international investors, China …