Does Green Bond Issuance Help Firms Attract Institutional Investors: Evidence from China

Does foreign aid really attract foreign investors? New evidence from panel cointegration

Does China overinvest? Evidence from a panel of Chinese firms

This paper addresses the hotly-debated question: do Chinese firms overinvest? A firm-level dataset of 100,000 firms over the period of 2000-07 is employed for this purpose. We initially calculate measures of investment efficiency, which is typically negatively associated with overinvestment. Despite wide disparities across various ownership groups, industries and regions, we find that corporate...

Does Management Quality Drive the Monitoring Effect of Institutional Investors? Evidence from Private Placements

Are institutional monitoring effects induced by the quality and reputation of a firm’s management? We hypothesize that better and more reputable managers can convey more information and give a certifying effect with regard to firm value to informed and potential investors, thus reducing information asymmetry. This study provides empirical evidence to illustrate the positive association between ...

Does Economic Growth Help Poor People? Evidence from Iran in the first five - year plan

This paper examines the relationship between growth and poverty in Iran during the first five-year plan. In other words, effort has been made to show whether economic growth in Iran helped poor people or not. For this purpose the concept of pro poor growth has been analyzed with application to the economy of Iran, both in urban and rural areas and in the country as a whole. We use an indicator ...

Behavior and performance of emerging market investors: Evidence from China

We study brokerage account data from China to study investing behavior and trading performance in an emerging market. Chinese stock markets are new, so we assume that Chinese investors are less experienced about investing as compared to investors from more capitalistic oriented societies. We find that Chinese investors exhibit behavioral biases (i.e., they seem overconfident, inclined toward a ...