The Chinese Capital Markets

ISBN-13: 9780367473433 / Angielski / Twarda / 2020 / 326 str.

Wenxuan Hou; Alessandra Guariglia; Douglas Cumming

Opis

This book provides insights on Chinese listed firms and advances the understanding of China’s unique financial institutions.

Spis treści

Introduction  1. Domestic and foreign institutional investors’ behavior in China  2. The more the better? Foreign ownership and corporate performance in China  3. The IPO of Industrial and Commercial Bank of China and the ʻChinese Model’ of privatizing large financial institutions  4. CEO turnover in China: the role of market-based and accounting performance measures  5. How do agency problems affect firm value? – Evidence from China  6. Split Share Structure Reform, corporate governance, and the foreign share discount puzzle in China  7. Sources of the stock price fluctuations in Chinese equity market  8. Valuation of restricted shares by conflicting shareholders in the Split Share Structure Reform  9. The growth, determinants, and profitability of nontraditional activities of Chinese commercial banks  10. Executive compensation and the split share structure reform in China  11. Political connections and tax-induced earnings management: evidence from China  12. External finance and trade credit extension in China: does political affiliation make a difference?  13. Are Chinese stock and property markets integrated or segmented?