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The impact of credit protection on stock prices in the presence of credit crunches

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Are there productivity spillovers from foreign direct investment in China?

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What accounts for the rising sophistication of China's exports?

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Persistence of regional inequality in China

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Foreign direct investment in China : winners and losers

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The impact of creditor protection on stock prices in the presence of liquidity crises : theory and cross-country evidence

Hale, Galina; Razin, Asaf; Tong, Hui - 2012

We develop a model predicting two channels through which creditor protection enhances the performance of stock prices: (1) The probability of a liquidity crisis leading to a binding investment-finance constraint falls with a strong protection of creditors; (1) The stock prices under the...