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Corporate finance in China

Corporate finance in China CFRI Guest editorial 9,1 1. Corporate finance in China 1.1 Introduction Over the past three decades, China’s economy has developed rapidly, and its GDP has increased by 185 times between 1978 and 2015. However, despite such soaring economic growth, most existing studies focus on the topics well examined in developed markets. As China has undergone substantial markets/institutions development and reforms in recent years, there is still much to be learned about the firm behaviors, capital market functioning and information dissemination, both in theory and in practices. This special issue of China Financial Review International attempts to investigate various topics of corporate finance in the setting of China. In doing so, we seek to improve our understanding on the firm’s behaviors, decisions and economic consequence under the China’s capital markets, which will provide significant academic contributions and policy implications. Specifically, topics in this special issue include: first, a comprehensive survey of reverse mergers (RMs), a very prevalent phenomenon in China; second, the effects of firm’s earnings management on the trades of different investors prior to earnings announcements, which is based on unique account-level data and provides new insight on the understanding of institutional investors behaviors in the emerging market; third, http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png China Finance Review International Emerald Publishing

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
2044-1398
DOI
10.1108/CFRI-02-2019-240
Publisher site
See Article on Publisher Site

Abstract

CFRI Guest editorial 9,1 1. Corporate finance in China 1.1 Introduction Over the past three decades, China’s economy has developed rapidly, and its GDP has increased by 185 times between 1978 and 2015. However, despite such soaring economic growth, most existing studies focus on the topics well examined in developed markets. As China has undergone substantial markets/institutions development and reforms in recent years, there is still much to be learned about the firm behaviors, capital market functioning and information dissemination, both in theory and in practices. This special issue of China Financial Review International attempts to investigate various topics of corporate finance in the setting of China. In doing so, we seek to improve our understanding on the firm’s behaviors, decisions and economic consequence under the China’s capital markets, which will provide significant academic contributions and policy implications. Specifically, topics in this special issue include: first, a comprehensive survey of reverse mergers (RMs), a very prevalent phenomenon in China; second, the effects of firm’s earnings management on the trades of different investors prior to earnings announcements, which is based on unique account-level data and provides new insight on the understanding of institutional investors behaviors in the emerging market; third,

Journal

China Finance Review InternationalEmerald Publishing

Published: Feb 18, 2019

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