Non-tradable share reform
Non-Tradable Share Reform in China: Marching Towards the Berle and Means Corporation?
... whole non-tradable share reform was carried out in ...the reform should be implemented, the CSRC conducted a pilot program involving a first batch of four companies to transform ...
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A Study on New Tunneling Behaviors by Controlling Shareholders after Non-tradable Share Reform in China
... By case studies and large sample analyses, I find out three new types of tunneling behaviors after non-tradable share reform, which are manipulation of information disclosure of listed[r] ...
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A Study on Capital Reorganization Non-tradable Share Reform
... By anglicizing whole change process of nontradable share institution，we found all interest groups' institutional change income exceed the cost, but the predominant interest [r] ...
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A Study on the Non-tradable Share Reform in China：Theoretical Analyses and Empirical Evidence
... In this chapter, the author reviews and comments on the literature about the relationship between legal investor protection and ownership concentration, the research on the non-tradabl[r] ...
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The stock market reaction to the 2005 non-tradable share reform in China
... a reform would cause positive unexpected returns for stocks that are sensitive to systematic risk factors, particularly corporate governance and ...the reform, and that portfolios representing factors ...
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Non-tradable share reform and convergence between Chinese cross-listed A and H shares
... 2. Data and Methodology The shares of those companies which cross-listed on both markets are collected. Furthermore, in order to get an overview of the whole market performance, stock indices are selected from Shanghai ...
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Controlling shareholders expropriation and firms leverage decision: evidence from Chinese non-tradable share reform
... NTS reform as an exogenous shock, our results provide findings that greatly alleviated the endogeneity issues which extend the existing ...NTS reform mainly focused on how it affects CEO compensation ...
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Study of large shareholders’ behavior after non-tradable shares reform: A perspective of related party transactions
... The reform of rights and interests started from April 30, 2005 is aimed to realize the convergence of the interests of shareholders, improve the corporation management and reduce the controllers’ private ...the ...
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Improving competition in the non tradable goods and labour markets: the Portuguese case
... in non-tradable goods prices and wages can be reasonably captured as the sum of the impact of the individual ...both reform packages ...a share of monopoly rents generated by lack of ...
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Share reform and the performance of China�s listed companies
... the reform are valid then, other factors held constant, firms with a higher tradable share proportion and a lower proportion of government ownership should have performed relatively ...the ...
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Transmission Channels of Remittance to Tradable and Non-Tradable Sectors in Nigeria
... Acosta et al (2007) used the Bayesian techniques and estimated for El Salvador, the effects of remittances in emerging market economies. They focused on whether rising levels of remittances result in the Dutch disease ...
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Dollarization of Liabilities in Non-tradable Goods Sector
... T he set t ing is a simple game-t heoret ic model wit h t hree dat es. In a small open economy we consider relat ionships between a bank and …rms. T he former’s liabilit ies are made up of one unit of t he t radable ...
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Antitrust policies and profitability in non-tradable sectors
... in non-tradable sectors compared to tradable ...as non-tradable, N on − T radable s , including country and sector fixed ...average share of exiting ...
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Are Wages Equal Across Sectors of Production? A Panel Data Analysis for Tradable and Non-Tradable Goods
... 3.2. Tradability In the BS context the distinction between goods that are tradable and those that are non-tradable is crucial. Mostly due to widespread data limitations the overwhelming majority of ...
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Are Wages Equal Across Sectors of Production? A Panel Data Analysis for Tradable and Non-Tradable Goods
... The Balassa-Samuelson hypothesis [formulated by Balassa (1964) and Samuel- son (1964)] is the dominant approach for explaining long-run real exchange rate developments. Both in its original presentation and in more ...
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The Elasticity of Substitution in Demand for Non-Tradable Goods in Bolivia
... 2.2 Data Collection Procedures Econometric estimation of the above log-linear relationships requires nominal and real time- series data for prices and consumption of non-tradables and tradables. There are three ...
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Strategic policies with foreign non-tradable input suppliers
... September 2007 Abstract: We consider strategic government policies on the exports of final goods and on the input production when the inputs are non-tradable and produced by the foreign firms. If the ...
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Tradable refugee-admission quotas : a policy proposal to reform the EU asylum policy
... For this purpose, the lessons learned from the EUREMA pilot are of major importance. EASO (2012) analyzes the results in a fact-finding exercise and describes participation, matching procedure, and feedback of the Member ...
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The Elasticity of Substitution in Demand for Non-Tradable Goods in Costa Rica
... At this point it should be noted that the Central Bank calculates the terms of trade (TOT) faced by Costa Rica. The construction methodology of this index, however, is inadequate. As a result, TOT movements are not ...
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Endogenous non-tradable earnings and households’ demand for risky assets
... Important puzzles have been identi…ed in the economics and …nance literatures when confronting theoretical predictions with real data (equity premium, non-participation, home bias...). Studies using micro-data ...
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