Experiences and challenges in the development of the Chinese capital market

Machine generated contents note:Table of Contents1. Introduction: Douglas Cumming, Alessandra Guariglia, Wenxuan Hou, and Edward Lee2. Performance of Commercial Banks in China: Traditional and Non-traditional Business, Ownership Type, and Government Interest Rate Policies: Wei Li and Steven Shuye Wa...

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Weitere Verfasser: Cumming, Douglas J. (BerichterstatterIn)
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Sprache:eng
Veröffentlicht: Basingstoke, Hampshire u.a. Palgrave Macmillan 2015
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Zusammenfassung:Machine generated contents note:Table of Contents1. Introduction: Douglas Cumming, Alessandra Guariglia, Wenxuan Hou, and Edward Lee2. Performance of Commercial Banks in China: Traditional and Non-traditional Business, Ownership Type, and Government Interest Rate Policies: Wei Li and Steven Shuye Wang3. Effects of Heterogeneity on Measuring Efficiency Scores: the Case of China's Banking Sector: Yizhe Dong, Douglas Cumming, Alessandra Guariglia, Wenxuan Hou and Edward Lee4. Dividends in China: Elisabeth Dedman and Wei Jiang5. Ownership, financial constraints and firm performance: Foreign acquisitions of Chinese firms: Yuhuilin Chen and Xiuping Hua6. Moral hazard or gaming? The dysfunctional responses to political connection: Ziqiao Yan, Wanli Li, Wei Sun7. The Value of Political Networks: Evidence from a Natural Experiment: Tinghua Duan, Nan Li and Wenxuan Hou8. The Stock Return Predictability and Stock Price Decomposition in the Chinese Equity Market: Jun Ma, Zhenhua Su and Mark E. Wohar9. Media Coverage and Stock Returns: Evidence from Chinese Cross-listed Firms: Chen Wang.
"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. "--
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.
Beschreibung:Enth. 8 Beitr
Beschreibung:XIII, 203 S.
graph. Darst.
ISBN:9781137454621
978-1-137-45462-1