Experiences and Challenges in the Development of the Chinese Capital Market - Hardcover

Hardcover

ISBN 10: 1137454628 ISBN 13: 9781137454621

Publisher: Palgrave Macmillan, 2015

Synopsis

The focus of the global economy has increasingly shifted toward China and emerging countries. However, despite their high growth prospects, emerging economies often lack the sound capital market and corporate governance systems necessary to promote the efficient allocation of financial resources to maintain the confidence of capital providers. As China becomes more prominent economically, the development of its capital market becomes an increasingly important issue. This book presents some of the latest academic research on China's capital markets, demonstrating some of the major issues currently being faced. Preeminent researchers in the field examine key topics such as the performance of commercial banks, dividends and ownership, financial constraints and firm performance, the role of political networks, stock price decomposition, stock return predictability, and the role of media coverage. In this book, the authors use the country's institutional background to offer useful insight into policy implications for the development of China as well as other emerging economies.

About this title

About the Author

Douglas Cumming is Professor and Ontario Research Chair at the Schulich School of Business, York University, Canada. Cumming is Co-Editor of Entrepreneurship Theory and Practice (since 2011). He has published over 70 refereed papers since completing his JD/PhD in 1999 in journals.

Edition details

• Publisher: Palgrave Macmillan
• Publication date: 2015
• Language: English
• ISBN 10: 1137454628
• ISBN 13: 9781137454621
• Binding: Hardcover
• Edition number: 1
• Number of pages: 216
• Editor: Cumming Douglas, Guariglia Alessandra, Hou Wenxuan, Lee Edward