By introducing asymmetric information of investors' abilities and finitely repeated games into the classic hold-up model, this paper revisits the relationship between property rights and reputation under incomplete contracting environment and obtains some different insights. First, even facing...

We use text mining tools to extract a measure of economic policy uncertainty perceived by individual Chinese listed firms from their annual report texts. We present this measure with some visualization techniques and it varies over time and across sectors in accordance with our intuitions. The...