Capitalizing China

作者：JosephP.H.Fan/RandallMorck

出版社：UniversityOfChicagoPress

出版年：2012-11-22

页数：368

定价：USD118.00

装帧：Hardcover

丛书：NationalBureauofEconomicResearchConferenceReport

ISBN：9780226237244

内容简介
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China's economic boom over the last two decades has taken many analysts by surprise, given the ongoing role of central government planning. Its current growth trajectory suggests that the size of its economy could soon surpass that of the United States and some argue that continued growth and the expanding middle class will ultimately exert pressure on the government to bring about greater openness of the financial market. To better understand China's recent economic performance, this volume examines the distinctive system it has developed: "market socialism with Chinese characteristics". While its formal institutional makeup resembles that of a free-market economy, many of its practices remain socialist, including strategically placed state-owned enterprises that wield influence both directly and through controlled business groups, and Communist Party cells whose purpose is to maintain control of many segments of the economy. China's economic system, the contributors find, also retains many historical characteristics that play a central role in managing the economy. These and other issues are examined in chapters on China's financial regulations, corporate governance codes, bankruptcy laws, taxation, and disclosure rules.

作者简介
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Joseph P. H. Fan is professor in the Department of Finance, codirector of the Institute of Economics and Finance, and deputy director of the Center for Institutions and Governance at the Chinese University of Hong Kong.

Randall Morck is the Stephen A. Jarislowsky Distinguished Chair in Finance and University Professor at the University of Alberta Business School, and is a research associate of the NBER.

目录
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Acknowledgments

Translating Market Socialism with Chinese Characteristics into Sustained Prosperity

Joseph P. H. Fan, Randall Morck, and Bernard Yeung

I. Financial System and Its Governance

1. The Governance of China's Finance

Katharina Pistor

Comment: Zheng Song

2. China’s Financial System: Opportunities and Challenges

Franklin Allen, Jun “QJ” Qian, Chenying Zhang, and Mengxin Zhao

Comment: Chenggang Xu

II. Governance of Stock Markets

3. Assessing China's Top-Down Securities Markets

William T. Allen and Han Shen

Comment: Qiao Liu

4. Institutions and Information Environment of Chinese Listed Firms

Joseph D. Piotroski and T. J. Wong

Comment: Li Jin

III. Capital Accumulation

5. Why Are Saving Rates So High in China?

Dennis Tao Yang, Junsen Zhang, and Shaojie Zhou

Comment: Leslie Young

6. The Chinese Corporate Savings Puzzle: A Firm-Level Cross-Country Perspective

Tamim Bayoumi, Hui Tong, and Shang-Jin Wei

Comment: Ning Zhu

IV. Public Finance

7. Financial Strategies for Nation Building

Zhiwu Chen

Comment: Jiahua Che

8. Provincial and Local Governments in China: Fiscal Institutions and Government Behavior

Roger H. Gordon and Wei Li

Comment: Zhigang Li

Contributors

Author Index

Subject Index

评论 ······

按需。另外的视角和综述都不错。

其中有几章是很好的综述

按需。另外的视角和综述都不错。

其中有几章是很好的综述

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