Purpose – Asset‐backed securitization (ABS), which was brought into China in 2005 and followed by a rapid expansion, is an important financial instrument for real estate industry. The purpose of this empirical study is to assess the effects of asset securitization on stock market and equity...

In a hierarchical academic system, power can distort the allocation of research resources and output ownership. We study the role of power in intellectual property acquisition. Using biographical information of deans in elite STEM schools in China and their patent application records, we find...