Empirical evidence from China

This paper is set out to explore the performance of the APT in the Vietnamese market in the context of the U.S - China trade war 2018. Testing on the listed stocks in Vietnamese stock exchanges provides a certain impact of the trade war on the asset pricing models’ effectiveness.

15p viindra 06-09-2023 7 4   Download

This study extends the limited finance literature on return and volatility spillover effects in China and emerging markets. It investigates the market interdependence and volatility transmissions between the Chinese stock market and other financial markets, including both domestic and international markets. The significance of this study arises from the importance of China due to its large economic scale and financial influence. To understand the behaviour of the Chinese stock market, this research has four different perspectives.

296p runthenight04 02-02-2023 2 1   Download

The rationale for this study is that the social enterprise sector provides an important locale in which to situate research that aims to identify the impact of ICTs on development. Recognising the complex dynamics and range of actors involved in this diverse and emerging area of development practice, this study chooses to focus on the social enterprise sector. It is specifically concerned with mapping the external influences, use and impact of ICT on social enterprises in Cambodia.

228p runthenight04 02-02-2023 4 1   Download

This thesis contributes to the existing literature in the following ways: First, presenting a systematic study with empirical evidence on the functioning and quality of corporate governance and its impact under the contractual form of FMC. Second, this research represents a step forward from the extant studies focusing on how board characteristics and composition in fund companies by investigating a wider range of relevant governance mechanisms that affect board effectiveness which other studies have not attempted.

203p runthenight04 02-02-2023 8 3   Download

The increasingly important role played by family firms in China’s fledging capital market calls for a better understanding of how it works and is governed. This study aims to explore how corporate governance issues in family firms are tackled from the perspective of investor protection. The thesis addresses the question by first presenting theoretical models showing the relations among investor protection, family governance, and agency costs in family firms.

229p runthenight04 02-02-2023 7 3   Download

Married female caregivers face a higher risk of an informal care burden than other caregivers. No study has explored the effect of socioeconomic status (SES) on the intensity of informal care provided by married female caregivers in China. The purpose of this study is to empirically examine how the SES of married female caregivers affects the intensity of the informal care they provide for their parents/parents-in-law in China.

9p viisaacnewton 25-04-2022 10 4   Download

The purpose of this research was to contribute to the development of animosity theory by exploring sources of consumer animosity that can stimulate feelings of animosity toward a target country. Also, investigate the relationships among consumer animosity, consumer ethnocentrism, cultural acceptability, product judgment, reluctance to buy foreign product and product ownership in a developing context – Viet Nam.

22p huyetthienthan 23-11-2021 13 3   Download

The paper is organized as follows. Section 2 presents the policy shock background and literature review. Section 3 describes data sources, empirical strategies, and analytical results. Section 4 addresses two identification concerns and presents a placebo test. Section 5 summarizes key findings of this research, discusses policy implications, and points out possible future research directions.

34p nguaconbaynhay12 08-06-2021 7 1   Download

The China Youth Development Foundation (CYDF), China Association of Social Work Education (CASEW), and Hong Kong Keswick Foundation (HKKF) conducted the Hope School Project which raised funds to help the students in the disaster area return to school and provided professional school social work services after the Sichuan earthquake in 2008. This project lasted for three years and gained substantial procedural and empirical evidence on the benefits of disaster relief, post-disaster reconstruction, and school social work services.

10p caygaocaolon5 19-05-2020 17 1   Download

This paper studied the correlation between corporate innovation and Chinese private enterprises’ political connection based on a sample from 2008 to 2016 of all listed Chinese private companies. The empirical results showed that political connection contributed to corporate innovation and increased the corporate innovation output.

26p nguyenminhlong19 21-04-2020 6 1   Download

This paper aims to assess the performance of China’s banks by their geographical distribution of loans and deposits, with the application of Generalized Estimating Equation (GEE) method’s multiple linear regression. We chose one of the four largest banks, Agriculture Bank of China, with data from 1990 to 2008 as the sample bank. We identified that branches’ performances in the Yangtze River Delta ranked first and were followed by the Pearl River Delta.

15p 035522894 13-04-2020 25 1   Download

This paper theoretically and empirically explores the reason why Chinese enterprises engage in inefficient investment from the government’s grabbing hand perspective on a large sample of 8501 firm-year observations between 2003 and 2011. The results suggest that influenced by the grabbing hand of local officials, private enterprises exhibit significantly higher investment distortion and inefficiency in terms of overinvestment and underinvestment than the enterprises controlled by the governments at all levels.

39p trinhthamhodang2 21-01-2020 33 2   Download

This paper proposes a dualism of hypothesis derived from dynamic Cournot competition on whether house building is driven by credit constraint corresponding to collateral value. Using monthly data from Jan 2004 to May 2016 of 26 Chinese provinces and 4 direct-controlled municipalities, the empirical test suggests that collateral value do drive house building.

36p trinhthamhodang2 19-01-2020 11 1   Download

This paper tests whether macro monetary shock will influence stock market. Employing approaches of event study and abnormal returns regression, this paper finds that reserve ratio decreasing does lead to positive abnormal returns, but it works through different channels in each event. Further analyzing shows that characteristics of the stock market of China make the differences: market overreacts to unexpected shock and underreacts to expectable event.

11p chauchaungayxua2 19-01-2020 27 2   Download

Using the financial data of A-share listed companies in 2003-2018, this paper studies the maturity mismatch of investment and financing in China based on the sensitivity of investment to change of short-term loans. This study finds that corporate investment relies on short-term loans rather than long-term loans, so the maturity mismatch of investment and financing is widespread. In addition, we examine the mechanism of the heterogeneity between state-owned enterprises and private enterprises.

1p chauchaungayxua2 19-01-2020 11 2   Download

This paper studies the relationship between the risk-free rate and the expected consumption growth. Using the monthly time series data from 2002.01-2017.12, we obtain the following empirical evidences: 1) In the whole period, US supports the positive intertemporal substitution effect and rejects the negative precautionary saving effect. Accordingly, China rejects the positive intertemporal substitution effect and supports the negative precautionary saving effect. 2) In the subsample period 2002.01-2008.

1p chauchaungayxua2 19-01-2020 6 0   Download

Using China's A-share listed companies as a sample, this paper provides empirical evidence that with the deepening of financialisation in non-financial corporate sector, the level of corporate risk-taking is significantly reduced, and the complete mediating effect is R&D innovation. The results are still robust when we use instrumental variable method, and the negative impact of financialisation on corporate risk taking is significantly reduced under the constraints of a good governance mechanism.

29p chauchaungayxua2 19-01-2020 34 2   Download

Study the effects of Internet development on structural transformation. To guide empirical work, we develop a basic model where the effect of Internet development on industrial development depends on the improvement of production technology of enterprises. We test the predictions of the model by studying the application of e-commerce, the sales revenue of basic software products and the number of computers used in China, which formed the basis of Internet development.

20p chauchaungayxua2 19-01-2020 16 4   Download

By using the panel data of China’s listed companies from 1999 to 2013 in the CSMAR database, this paper empirically finds that top management team (hereinafter referred to as TMT) size has a significant impact on corporate performance and presents an inverted U-shaped relationship, with the optimal TMT size being about 14 to 15. But the influence of TMT size is no longer significant after controlling board size, that is to say, board size is the core problem of executive governance.

15p chauchaungayxua2 19-01-2020 20 2   Download