Made in China 2025 influence investment patterns of Chinese state-owned acquirers but not those of private investors …

adequacy ratio and liquidity ratio. By compiling a complete list of cross-border acquisitions in China's banking sector, we …

of the financial market in China. First, better investor protection mechanisms at target countries, such as better law … shareholders of bidding firms around China's outward cross-border mergers. Second, firm-level corporate governance mechanisms are … explaining firm values in China …

financial statement fraud in China, an emerging market in which auditors face strong government sanctions but low litigation …We use the unique economic, legal, and political landscape of China to examine the impact of auditors on the incidence … and consequences of accounting fraud. In particular, we examine whether large audit firms reduce the incidence of …

fraud. We find that firms with well-connected independent directors are less likely to commit fraud, supporting our …

There is a common perception that the Japanese takeover market excludes foreign companies. But this is not because … Japanese takeover law is designed to protect target companies. Comparing Japanese takeover law with the UK Takeover Code and … the European Takeover Directive, this thematic and content- based investigation reveals that Japan does not have overt …