Starting from MM’s theories, we discuss some important topics in capital market research in taxation. We use this article to introduce intuitions and techniques of capital market research in taxation to Chinese researchers. While it is apparent that many Chinese researchers have already...

We examine the effectiveness of China's IFRS adoption from the perspective of an important set of financial report users, foreign institutional investors. We find that foreign institutional investment does not increase after China's IFRS adoption, and some evidence that it actually declines,...

Through analyzing concept of agriculture and countryside, and overall objective of new socialist countryside construction “developed production, well-off living, civilized village culture, clean village environment, and democratic managementâ€, this paper divides the informationization...

This paper examines whether equity market liberalization facilitates economic growth at the industry level. It also explores whether equity market liberalization reduces the cost of capital by scrutinizing a particular mechanism: that liberalization reduces the wedge between the costs of...

This paper is concerned with setting a predetermined number of bid levels in a Dutch auction to maximize the auctioneer's expected revenue. As a departure from the traditional methods used by applied economists and game-theorists, a novel approach is taken in this study to tackle the problem by...