Experiences and Challenges in the Development of the Chinese Capital Market

Author:   Douglas Cumming ,  Alessandra Guariglia ,  Wenxuan Hou ,  Edward Lee
Publisher:   Palgrave Macmillan
Edition:   1st ed. 2015
ISBN:  

9781137454621


Pages:   203
Publication Date:   27 July 2015
Format:   Hardback
Availability:   In Print   Availability explained
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Experiences and Challenges in the Development of the Chinese Capital Market


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Overview

The focus of the global economy has increasingly shifted toward 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 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. Preeminent 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.

Full Product Details

Author:   Douglas Cumming ,  Alessandra Guariglia ,  Wenxuan Hou ,  Edward Lee
Publisher:   Palgrave Macmillan
Imprint:   Palgrave Macmillan
Edition:   1st ed. 2015
Dimensions:   Width: 14.00cm , Height: 1.40cm , Length: 21.60cm
Weight:   3.796kg
ISBN:  

9781137454621


ISBN 10:   1137454628
Pages:   203
Publication Date:   27 July 2015
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

Table of Contents 1. Introduction: 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. Moral hazard or gaming? The dysfunctional responses to political connection: Ziqiao Yan, Wanli Li, 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

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Author Information

Douglas Cumming is Professor and Ontario Research Chair at the Schulich School of Business, York University, Canada. Cumming is Co-Editor of Entrepreneurship Theory and Practice (since 2011). He has published over 70 refereed papers since completing his JD/PhD in 1999 in journals.

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