This paper explores the impact of capital market internationalization on firms' ESG
performance, utilizing the event that China A-shares were officially included in the MSCI …

This paper examines how stock market liberalization affects corporate social responsibility
(CSR) performance. Using the launch of the Shanghai-Hong Kong Stock Connect (SHSC) …

The purpose of this paper is to study the dependence structures between the Chinese
market and other major world markets, a reflection of China's increasing integration into the …

Using the weak-form measure, this paper derives a normalized index to study the impact of
China's financial liberalization policies on its stock market integration with the rest of the …

We study the impact of capital market openness on high‐frequency market quality in China.
The Shanghai–Hong Kong Stock Connect program (SHHKConnect) opens China's stock …

Abstract Shanghai-Hong Kong Stock Connect is a partial liberalization providing domestic
and foreign investors mutual access to stock markets. This study analyzes post-liberalization …

In this paper we test two recently developed liquidity measures the Return-to-Turnover
(hereafter RtoTR) proposed by Florackis et al.(2011) and Return-to-Volume (hereafter RtoV) …

Do high expenditures incurred in running the government benefit or hurt firms? Using
Chinese data between 1999 and 2006, we find that higher administrative expenditures in …

This paper studies China's stock market with respect to financial liberalization and
international market interdependence after its accession to the WTO in 2001. Using the multi …

We investigate why the Chinese government chooses to perform share issue privatization
(SIP) of its state-owned enterprises (SOEs) in Hong Kong, despite the benefit of facilitating …