Purpose This paper aims to contribute to the existing capital structure and board structure
literature by examining the relationship among corporate governance, ownership structure …

The paper investigates the extent of the impact from “hot money” or speculative capital inflow
on the fluctuations of China's real estate market and stock market. The results indicate that …

One of the missing pieces preventing us from understanding recent Chinese economic
development is the role played by openness and capital accumulation in this process. The …

This article provides new evidence on the housing-wealth effect on consumption using
household panel data. A key advantage in studying the Chinese housing market is the …

The overheated housing market has recently become a top priority of the Chinese
authorities and whether the ripple effect exists is key to understanding this housing issue …

This study uses quarterly data from Malaysia (2000–2011) to examine the relationship
between the wealth effect from real estate (WERE) and outbound tourism while controlling …

Due to privatisation, economic restructuring, and liberalisation, housing differentiation
commonly occurs in transitional cities worldwide. Cities in marketised socialist China are …

This paper investigates the relationship between housing investment and economic growth
in China, utilising province-level data via recently developed panel unit root tests and panel …

This paper provides an empirical analysis of the role of house prices in determining the
dynamic behaviour of consumption in South Africa using a panel vector autoregression …

Purpose Consumption volatility is a key source of economic growth volatility; thus, it is an
important factor in designing macroeconomic policy. The purpose of this paper is to …