Capital markets, financial institutions, and corporate finance in China

被引:86
作者
Jiang, Fuxiu [1 ]
Jiang, Zhan [2 ]
Kim, Kenneth A. [3 ,4 ]
机构
[1] Renmin Univ China, Sch Business, Beijing, Peoples R China
[2] Shanghai Jiao Tong Univ, Shanghai Adv Inst Finance, Shanghai, Peoples R China
[3] Tongji Univ, Sch Econ & Management, Shanghai, Peoples R China
[4] SUNY Buffalo, Sch Management, Buffalo, NY USA
关键词
China; Capital markets; Financial institutions; Corporate finance; SHARE STRUCTURE REFORM; DIVIDEND POLICY; INVESTMENT; CASH; INFORMATION; EARNINGS; FIRMS; DETERMINANTS; PERFORMANCE; COMPETITION;
D O I
10.1016/j.jcorpfin.2017.12.001
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
This paper provides a modem overview of capital markets, financial institutions, and corporate finance in China. In our discussions, we highlight and describe what is unique to China. We also describe how papers in the Special Issue advance our understanding of financial markets, institutions, and corporate finance in China and in general. (C) 2017 Elsevier B.V. All rights reserved.
引用
收藏
页数:21
相关论文
共 62 条
[1]   Venture capital in China: Past, present, and future [J].
Ahlstrom D. ;
Bruton G.D. ;
Yeh K.S. .
Asia Pacific Journal of Management, 2007, 24 (3) :247-268
[2]   Law, finance, and economic growth in China [J].
Allen, F ;
Qian, J ;
Qian, MJ .
JOURNAL OF FINANCIAL ECONOMICS, 2005, 77 (01) :57-116
[3]   The cash flow sensitivity of cash [J].
Almeida, H ;
Campello, M ;
Weisbach, MS .
JOURNAL OF FINANCE, 2004, 59 (04) :1777-1804
[4]   A multitask theory of state enterprise reform [J].
Bai, CE ;
Li, DD ;
Tao, Z ;
Wang, YJ .
JOURNAL OF COMPARATIVE ECONOMICS, 2000, 28 (04) :716-738
[5]   Market timing and capital structure [J].
Baker, M ;
Wurgler, J .
JOURNAL OF FINANCE, 2002, 57 (01) :1-32
[6]   A catering theory of dividends [J].
Baker, M ;
Wurgler, J .
JOURNAL OF FINANCE, 2004, 59 (03) :1125-1165
[7]   Why Do US Firms Hold So Much More Cash than They Used To? [J].
Bates, Thomas W. ;
Kahle, Kathleen M. ;
Stulz, Rene M. .
JOURNAL OF FINANCE, 2009, 64 (05) :1985-2021
[8]   Entrepreneurs' access to private equity in China: The role of social capital [J].
Batjargal, B ;
Liu, MN .
ORGANIZATION SCIENCE, 2004, 15 (02) :159-172
[9]   Do price-earnings ratios drive stock values? Not as great an impact as thought. [J].
Bhargava, Vivek ;
Malhotra, D. K. .
JOURNAL OF PORTFOLIO MANAGEMENT, 2006, 33 (01) :86-92
[10]   IMPERFECT INFORMATION, DIVIDEND POLICY, AND THE BIRD IN THE HAND FALLACY [J].
BHATTACHARYA, S .
BELL JOURNAL OF ECONOMICS, 1979, 10 (01) :259-270