Motivated by growing concerns about the risks and instability of China's financial system,
this article reviews several commonly perceived financial risks and discusses their roots in …

China's financial system has been integral to its spectacular economic growth over the past
40 years. We review the recent literature on China's financial system and its connections to …

Fintech and decentralized finance have penetrated all areas of the financial system and
have improved financial inclusion in the last decade. In this paper, we review the recent …

We construct size and value factors in China. The size factor excludes the smallest 30% of
firms, which are companies valued significantly as potential shells in reverse mergers that …

What capital allocation role can China's stock market play? Counter to perception, stock
prices in China have become as informative about future profits as they are in the US. This …

Employee treatment is an important but challenging element of corporate environmental,
social, and governance policies. Satisfying employee needs can increase corporate …

The rise of China and fivefold growth of its stock market over the past decade have fueled a
growing literature on this market in financial economics. On the corporate side, researchers …

We provide a review of China's financial system and consider the challenges it faces and
future reforms. The formal sectors of the financial system, which include a fast-growing stock …

The fast growth of China's economy has brought it not only to the center of the global
economy but also to a transition point in its growth model, a transition from scale to …

Using the Chinese stock market data, we test the hypothesis that cognitive dissonance
influences the stock market response to earnings news. Supporting this notion, we find that …