Throughout their business life cycle, firms may experience financial distress. Successful emergence from such distress is important to their multiple stakeholders. Using a sample of publicly listed firms in China that emerged from Special Treatment (an indicator of delisting risk), we focus on...

Recruiting and retaining leaders and public servants at the grass-roots level in developing countries creates a potential tension between providing sufficient returns to attract talent and limiting the scope for excessive rent-seeking behavior. In China, researchers have frequently argued that...

Thsi article uses a computational general equilibrium model to evaluate the effects of the FTA of 2004 on the Hong Kong and Chinese economies. The results indicate that Hong Kong improves its exports to China and gains in welfare at China's expense. (Chin Econ/NIAS-Han)