＂The focus of the global economy is increasingly shifted towards 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 and 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. Pre Eminent 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. ＂--
