This paper investigates the influence and mechanism of border effects within a city on the coordinated development of the regional economy by combining a quasi-natural experiment in China’s municipal districts border reorganization and satellite night-time light data. We find that border...

Using Chinese Split-Share Structure Reform as backdrop, we study the alternative theories explaining the change in objectives of internal capital markets (ICMs) after regulatory intervention. Focusing on related-party merger and acquisitions, as the primary form of ICM transactions in China, we...