We study the roles of local financial development and foreign direct investment, and more importantly, their interaction with one another, in local capital allocation, based on Chinese industrial and regional data. Our main finding is that, although local financial development and FDI each...

Using the non-parametric rank tests proposed by Breitung (2001), we set out in this study to determine whether any non-linear long-run equilibrium relationship exists between the stock and real estate markets of China. We go on to adopt the threshold error-correction model (TECM) to determine...

Based on the actual situation of tobacco production in South Anhui tobacco-growing area, the paper analyzes several major constraints, and discusses several aspects such as tobacco production human resources, production of large-scale cultivation, science and technology service providers, the...

Although a plenty of studies on international joint ventures (IJVs) has been done by previous scholars, investigation from corporate governance perspective is still preliminary. It is supposed that governing IJV will be more problematic since there is a double-accountability in IJV's management,...

This paper provides a synthetic view of the capital account liberalization, capital control and currency convertibility issues in China. A quantitative analysis following Henry's study fails to provide clear links between liberalization, diminishing capital controls and Chinese stock market...