This book comprises contributions on recent developments in China from a law and economics perspective. For the first time Chinese and European scholars jointly discuss some important attributes of China’s legal and economic system, and some recent problems, from this particular viewpoint.

The world bulk shipping market has been in a peak period since 2003, and this has lasted an incredibly long time considering that the markets are much more complex than before. This paper investigates the characteristics of volatility in dry bulk freight rates of different vessel sizes...

By using Bismut’s approach to the Malliavin calculus with jumps, we establish a derivative formula of Bismut–Elworthy–Li’s type for SDEs driven by multiplicative Lévy noises, whose Lévy measure satisfies some order conditions. In particular, α-stable-like noises are allowed. Moreover,...

In this article, drawing from a relational perspective, we explore the relationship between moral leadership and employee creativity, treat employee identification with leader and leader–member exchange (LMX) as two mediators, and develop a new theoretical model of employee creativity. Our...

Giving an overview of NDRC's antitrust practice, including enforcement actions, normative effects, and international cooperation. Zhou Zhigao & Wan Jiang (National Development and Reform Commission, P.R.C.)

Many studies show that country effects dominate in determining the stock return cross-sectional variations. After removing three potential distortions (domestic inflation rate, exchange rate and local risk-free interest rate), we find that the common practice of decomposing the nominal return...