Using Chinese Split-Share Structure Reform as backdrop, we study the alternative theories explaining the change in objectives of internal capital markets (ICMs) after regulatory intervention. Focusing on related-party merger and acquisitions, as the primary form of ICM transactions in China, we...

We test for the performance of a series of volatility forecasting models (GARCH 1,1; EGARCH 1,1; CGARCH) in the context of several indices from the two oldest cross-border exchanges (Euronext; OMX). Our findings overall indicate that the EGARCH (1,1) model outperforms the other two, both before...

Liquidity flow between regions with different levels of temporary financial constraints has received insufficient attention. This study takes advantage of a natural opportunity: Chinese capital markets clearly distinguish between foreign direct investment firms and firms with foreign...

An Open Access edition of this book is available on the Liverpool University Press website (<a href=https://www.liverpooluniversitypress.co.uk/pages/essentials-of-financial-management-efm)" target="_blank" rel="nofollow">https://www.liverpooluniversitypress.co.uk/pages/essentials-of-financial-management-efm)</a>.<i>Essentials of Financial Management</i> is an Open Access e-textbook (paperback edition also available) suitable for...