This paper shows that, counter to common perception, stock prices in China are strongly linked to firm fundamentals …. Price informativeness is significantly correlated with corporate investment efficiency. For international investors, China …

The rise of China and fivefold growth of its stock market over the past decade have fueled a growing literature on this … market in financial economics. On the corporate side, researchers have evaluated the progress of China's stages of … research as China's stock market continues to grow in global influence and as ongoing reform provides new natural experiments …

China is the world's largest investor and greatest contributor to global economic growth by wide margins, and will … sustain this growth. This paper shows that China's stock market has a crucial role to play. Since the reforms of the last … decade, China's stock market has become as informative about future corporate profits as in the US. Moreover, though it is a …

China is the world's largest investor and greatest contributor to global economic growth by wide margins. The … that China's stock market has a crucial role to play. Since the reforms of the last decade, China's stock market has become …, growth stocks, and long shots, and they discount for illiquidity and market risk. China's stock market no longer deserves its …

China is the world's largest investor and greatest contributor to global economic growth by wide margins, and will … sustain this growth. This paper shows that China's stock market has a crucial role to play. Since the reforms of the last … decade, China's stock market has become as informative about future corporate profits as in the US. Moreover, though it is a …