Despite the significance of the Taiwan issue to US-China relations as well as regional stability in the Asia-Pacific, one could hardly find a comprehensive and thorough study of China's Taiwan policy. This book aims to make up for the deficit by providing a systematic and in-depth analysis of...

We examine the robustness of empirical models and findings concerning CEO turnover. We show that the sensitivity of turnover to abnormal firm performance is an extremely robust result. In contrast, evidence indicating a relation between turnover and industry performance is both weak and fragile....

In this study, the impact of business and financial information integration (BFII) on the voluntary management earnings forecasts (VMEFs) of listed firms in China between 2008 and 2018 is investigated. Drawing on litigation cost and ability signaling theories, we find that the adoption of BFII...

Taking Jiangsu and Xinjiang Provinces in China as examples, this paper analyzes the differences of income level, income structure and consumption level between eastern and western China. Since the reform and opening up, income of rural residents in eastern China has been much higher than that in...

The relations between income structural change and consumption of rural residents in China were discussed through theoretical and empirical analysis based on analyzing the status of income structural change and consumption of rural residents in China.

China may have cut an energy deal with Russia, but its long-term interests are not well served by President Vladimir Putin’s policies. On the contrary, Beijing benefits from a peaceful solution to the Ukraine crisis, not least for domestic reasons. The United States, however, cannot be a...

Open banking facilitates data sharing consented by customers who generate the data, with a regulatory goal of promoting competition between traditional banks and challenger fintech entrants. We study lending market competition when sharing banks’ customer data enables better borrower screening...

Open banking facilitates data sharing consented by customers who generate the data, with a regulatory goal of promoting competition between traditional banks and challenger fintech entrants. We study lending market competition when sharing banks' customer data enables better borrower screening...

We introduce the concept of the post-merger integration duration (PMID) which is the time delay that it takes a merged entity to fully capture synergistic gains. Using a dynamic model, we examine the effects of this duration on acquiring firms' financing behavior around mergers. When facing a...