Research Catalog
Experiences and challenges in the development of the Chinese capital market
- Title
- Experiences and challenges in the development of the Chinese capital market / edited by Douglas Cumming, Professor and Ontario Research Chair, Schulich School of Business, York University, Canada, Alessandra Guariglia, Professor of Financial Economics, University of Birmingham, UK, Wenxuan Hou, Reader in Finance, The University of Edinburgh Business School, UK, Edward Lee, Professor of Accounting and Finance, Manchester Business School, UK.
- Publication
- Houndmills, Basingstoke, Hampshire ; New York : Palgrave Macmillan, 2015.
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| Status | Format | Access | Call Number | Item Location |
|---|---|---|---|---|
| Text | Request in advance | HG4523 .E9397 2015 | Off-site |
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Details
- Additional Authors
- Cumming, Douglas
- Description
- xiii, 203 pages; 23 cm
- Summary
- "The focus of the global economy is increasingly shifted towards China and emerging countries. However, despite their high growth prospects, emerging economies often lack the sound capital market and corporate governance systems necessary to promote the efficient allocation of financial resources and to maintain the confidence of capital providers. As China becomes more prominent economically, the development of its capital market becomes an increasingly important issue.This book presents some of the latest academic research on China's capital markets, demonstrating some of the major issues currently being faced. Pre Eminent researchers in the field examine key topics such as the performance of commercial banks, dividends and ownership, financial constraints and firm performance, the role of political networks, stock price decomposition, stock return predictability and the role of media coverage. In this book the authors use the country's institutional background to offer useful insight into policy implications for the development of China as well as other emerging economies. "--
- Subject
- Bibliography (note)
- Includes bibliographical references and index.
- Contents
- 1. Introduction to Current Issues and Development of the Chinese Capital Market / Douglas Cumming, Alessandra Guariglia, Wenxuan Hou, and Edward Lee -- 2. Performance of Commercial Banks in China: Traditional and Non-traditional Business, Ownership Type, and Government Interest Rate Policies / Wei Li and Steven Shuye Wang -- 3. Effects of Heterogeneity on Measuring Efficiency Scores: the Case of China's Banking Sector / Yizhe Dong, Douglas Cumming, Alessandra Guariglia, Wenxuan Hou, and Edward Lee -- 4. Dividends in China / Elisabeth Dedman and Wei Jiang -- 5. Ownership, Financial Constraints and Firm Performance: Foreign Acquisitions of Chinese Firms / Yuhuilin Chen and Xiuping Hua -- 6. The Dysfunctional Responses to Political Connections / Ziqiao Yan, Wanli Li, and Wei Sun -- 7. The Value of Political Networks: Evidence from a Natural Experiment / Tinghua Duan, Nan Li and Wenxuan Hou -- 8. The Stock Return Predictability and Stock Price Decomposition in the Chinese Equity Market / Jun Ma, Zhenhua Su, and Mark E. Wohar -- 9. Media Coverage and Stock Returns: Evidence from Chinese Cross-listed Firms / Chen Wang, Rong Ding, Wenxuan Hou, and Edward Lee.
- ISBN
- 9781137454621 (hardback : alk. paper)
- 1137454628 (hardback : alk. paper)
- LCCN
- 2015012340
- 99965458086
- OCLC
- ocn903633988
- 903633988
- SCSB-9399719
- Owning Institutions
- Columbia University Libraries