Showing 1 - 10 of 1,098
This paper uses a quasi-experimental framework provided by recent changes in Russian corporate law to study the effect of investor protection on the value of shares. The legal change analyzed involves the empowerment of preferred (non-voting) shareholders to veto unfavorable changes in their...
Persistent link: https://www.econbiz.de/10010269433
Using comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data … listing suspension mechanism, i.e., the ST designation, adopted by China's securities regulatory agency appears to be … literature on economic transition, our findings suggest that any fundamental improvement in China's corporate governance will …
Persistent link: https://www.econbiz.de/10010274393
, especially those related to having an open capital account, do not loom large in the case of China. In the process of securing …
Persistent link: https://www.econbiz.de/10010268159
Using a 1/5 random draw of the 1% census of 2005, we investigate how China's higher education expansion commenced in …
Persistent link: https://www.econbiz.de/10010269776
Rapid education expansion and rising income inequality are two striking phenomena occurring in China during the … transitional period. Using the China Health and Nutrition Survey (CHNS) data collected in 1997 and 2006, this paper studies how … effect. In explaining the earning gap in China, the price effect is more important than the population effect. The labor …
Persistent link: https://www.econbiz.de/10010274660
In China, the male-biased sex ratio has increased significantly. Because the one-child policy only applied to the Han …
Persistent link: https://www.econbiz.de/10010285513
This paper is concerned with empirical and theoretical basis of the Efficient Market Hypothesis (EMH). The paper begins with an overview of the statistical properties of asset returns at different frequencies (daily, weekly and monthly), and considers the evidence on return predictability, risk...
Persistent link: https://www.econbiz.de/10010276268
Public debates about the rise in top income shares often focus on the growing dispersion in earnings and the soaring pay for top executives and financial-sector employees. But can the change in the marginal distribution of earnings on its own explain the rise in top income shares? Are top...
Persistent link: https://www.econbiz.de/10011873526
Russia, the high-income countries of East Asia and the Pacific, China, and, to a lesser extent, North America is projected to …
Persistent link: https://www.econbiz.de/10010267566
The typical identification strategy in aid effectiveness studies assumes donor motives do not influence the impact of aid on growth. We call this homogeneity assumption into question, first constructing a model in which donor motives matter and then testing the assumption empirically.
Persistent link: https://www.econbiz.de/10010269176