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Titlebook: Experiences and Challenges in the Development of the Chinese Capital Market; Douglas Cumming (Professor and Ontario Research Ch Book 2015

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書目名稱Experiences and Challenges in the Development of the Chinese Capital Market
編輯Douglas Cumming (Professor and Ontario Research Ch
視頻videohttp://file.papertrans.cn/319/318748/318748.mp4
圖書封面Titlebook: Experiences and Challenges in the Development of the Chinese Capital Market;  Douglas Cumming (Professor and Ontario Research Ch Book 2015
描述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.
出版日期Book 2015
關(guān)鍵詞China; Chinese capital market; emerging market; Chinese development; banking; capital market; development;
版次1
doihttps://doi.org/10.1057/9781137454638
isbn_ebook978-1-137-45463-8
copyrightThe Editor(s) (if applicable) and The Author(s) 2015
The information of publication is updating

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https://doi.org/10.1007/978-94-010-2704-5tial sample, Faccio and Parsley (2009) examine the value of geographic ties in relation to the unexpected deaths of politicians and find that firms headquartered in these politicians’ hometown experience a 1.7 per cent decline in market-adjusted return. This chapter aims to extend the literature on
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,Effects of Heterogeneity on Measuring Efficiency Scores: The Case of China’s Banking Sector, or specifications. They reported that efficiency scores vary considerably across different models. Therefore, choosing an appropriate frontier model is very important for measuring banking efficiency.
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The Stock Return Predictability and Stock Price Decomposition in the Chinese Equity Market,light on some of the important topics in finance related to whether stock returns are predictable, and whether it is the cash flow component or the discount factor that dominates aggregate stock price fluctuations.
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