This paper develops a self-enforcing contract model to show that better economic fundamentals can help when there is weak rule of law-but with order-to attract foreign direct investment, whereas lowering taxes does not necessarily help. Using a cross-region Chinese dataset, the analysis finds...

Three years after the worst economic crisis since the Great Depression, economic growth has resurfaced across the world, but with significant variation. This timely book illustrates that although mature economies (the EU in particular) are still confronting sluggish economic performance,...

This article investigates longitudinal changes in the relative performance of business groups utilizing data on listed companies in China over a 10-year period (1994--2003). Using a measure of firm value in the stock market and panel regression methods, this article finds the initially superior...