This paper provides a modern overview of capital markets, financial institutions, and
corporate finance in China. In our discussions, we highlight and describe what is unique to …

We investigate the causal effects of the anti-corruption campaign on firm-level total factor
productivity (TFP) in China. We employ a difference-in-differences estimation to show the …

This study analyzes the effects of inflation on intra‐and intercounty wage inequality,
specialization, and growth, using a North–South endogenous growth model with …

We develop a Q-theoretical model for levered firms subject to environmental constraints
(regulations). The model highlights the implications of environmental constraints on dynamic …

I examine the effect of religious observance, represented by fasting hours during the month
of Ramadan, on bank liquidity creation. I exploit exogenous variation of Ramadan fasting …

This study examines the role of ownership concentration, measured by the top-five
shareholders' equity ownership, in shaping corporate finance policies in China. Among …

We identify the impact of expansionary monetary policy in China during the 2008–2009
global financial crisis on the credit and investment allocation among firms. We obtain robust …

We analyze the effects of trade under relocations from an innovator to a follower region in a
context with region-specific monetary policy and long-run inflation. We propose an …

The appearance of coronavirus in the spring of 2020 has significantly revalued risk
exposures in the business environment, which required new approaches in the …

This study investigates the repercussions of substantial workforce reductions on the
performance of publicly traded US tech firms from 2020Q1 to 2023Q1, being robust to …