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Experiences and Challenges in the Development of the Chinese Capital Market

Editors: Cumming, D., Guariglia, A., Hou, W., Lee, E. (Eds.)

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  • ISBN 978-1-137-45463-8
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Hardcover $149.99
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About this book

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.

About the authors

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.

Table of contents (9 chapters)

Table of contents (9 chapters)
  • Introduction to Current Issues and Development of the Chinese Capital Market

    Pages 1-3

    Cumming, Douglas (et al.)

  • Performance of Commercial Banks in China: Traditional and Non-traditional Business, Ownership Type, and Government Interest Rate Policies

    Pages 4-36

    Li, Wei (et al.)

  • Effects of Heterogeneity on Measuring Efficiency Scores: The Case of China’s Banking Sector

    Pages 37-67

    Dong, Yizhe (et al.)

  • Dividends in China

    Pages 68-88

    Dedman, Elisabeth (et al.)

  • Ownership, Financial Constraints and Firm Performance: Foreign Acquisitions of Chinese Firms

    Pages 89-107

    Chen, Yuhuilin (et al.)

Buy this book

eBook $109.00
price for USA (gross)
  • ISBN 978-1-137-45463-8
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $149.99
price for USA
  • ISBN 978-1-137-45462-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
Experiences and Challenges in the Development of the Chinese Capital Market
Editors
  • Douglas Cumming
  • Alessandra Guariglia
  • Wenxuan Hou
  • Edward Lee
Copyright
2015
Publisher
Palgrave Macmillan UK
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-1-137-45463-8
DOI
10.1057/9781137454638
Hardcover ISBN
978-1-137-45462-1
Edition Number
1
Number of Pages
XIII, 203
Topics