State-owned enterprises (SOEs) are important components of the Chinese economy.
Although SOEs are generally considered inefficient in operations, China's economy, which …

This paper provides a modern overview of capital markets, financial institutions, and
corporate finance in China. In our discussions, we highlight and describe what is unique to …

This paper provides a modern overview of corporate governance in China and in doing so
highlights many corporate governance features and issues that are, for the most part, unique …

Hayek (1945) argues that local information is key to understanding the efficiency of
alternative economic systems and whether production should be centralized or …

Transparent environmental information is fundamental for the government to better regulate
pollution and for the public to be aware of pollution. However, how the improvement of …

Our study examines whether ownership structure and boardroom characteristics have an
effect on corporate financial fraud in China. The data come from the enforcement actions of …

Johnson et al.(2002. American Economic Review 92 (5), 1335–1356) examine the relative
importance of property rights and external finance in several Eastern European countries …

In this paper, we investigate empirically the relationship between governance mechanisms
and the market valuation of publicly listed firms in China. We construct measures of …

Research Summary State‐owned enterprises (SOEs) are often more opaque than other
types of firms. This opaqueness tends to generate resistance when SOEs undertake cross …