This study examines the long-term impact of the TARP bailout on bank risk-taking. Using data from 2005 to 2014, our results indicate that TARP can help reduce TARP banks’ risk-taking. And this effect becomes less significant in a shorter sample period (2005 to 2010). Furthermore, the empirical...

This paper examines the effect of short-sale constraints on the pricing discrepancies between stocks and bonds of the same firms. Using data from 2006 to 2018, we find that short-sale constraints have a positive impact on pricing discrepancies. This relationship holds for both stock and bond...

Purpose The purpose of this paper is to review the four large and two small fluctuations in China's economic growth since the reform and opening up, which can be further divided into five periods of economic upturn and six periods of economic downturn. Design/methodology/approach This paper also...

We compare the sensitivity of managerial cash compensation to firm performance, the level of long term managerial incentives, and the sensitivity of CEO turnover to firm performance for three types of state-controlled Chinese firms: A shares (firms incorporated and listed in mainland China), H...