Institutions shape people’s behavior and exert fundamental influence on financial markets. In this thesis I examine how financial markets and firms are affected by institutions, paying particular attention to investor protection law and marketization. In the first paper, I examine the impacts of checks on government power on stock market and firm value. Specifically, I propose that better government power check system reduces the risk of firms and investors being expropriated by public officials therefore boost firm value. Based on the revised internal discipline of the Communist Party of China, I find that the promulgation of the internal discipline led to a significant increase in firm value. Furthermore, the increase in market va...
© 2013 Taylor & Francis. In this paper, we empirically investigate how differences in the developm...
This dissertation comprises three essays in the field of empirical corporate finance and it contribu...
This thesis explores the linkages between corporate governance and corporate finance, making use of ...
In this study, we examine the wealth effects of regulatory changes intended to improve corporate gov...
The objective of this article is to study the impact of institutional ownership on corporate perform...
My dissertation examines the impact of this misallocation of credit on firms' investment activities ...
This paper explores the role of Chinese financial institutions in corporate governance of listed com...
We investigate how, by affecting financial frictions, country-specific institutions (such as shareho...
Institutional investors have been evolving significantly in China since 1997 when they were formally...
ix, 146 leaves : ill. ; 30 cm.PolyU Library Call No.: [THS] LG51 .H577P AF 2008 WangThis thesis exam...
Thesis (M. Fin.)--Massachusetts Institute of Technology, Sloan School of Management, Master of Finan...
This thesis consists of three essays. In the first essay, we investigate government resource allocat...
Purpose - The paper aims to identify the relationship between institutional logics and corporate fin...
Different institutional features have been found to affect capital structure decisions, but their co...
This dissertation describes three studies on the linkages between changes in financial markets and f...
© 2013 Taylor & Francis. In this paper, we empirically investigate how differences in the developm...
This dissertation comprises three essays in the field of empirical corporate finance and it contribu...
This thesis explores the linkages between corporate governance and corporate finance, making use of ...
In this study, we examine the wealth effects of regulatory changes intended to improve corporate gov...
The objective of this article is to study the impact of institutional ownership on corporate perform...
My dissertation examines the impact of this misallocation of credit on firms' investment activities ...
This paper explores the role of Chinese financial institutions in corporate governance of listed com...
We investigate how, by affecting financial frictions, country-specific institutions (such as shareho...
Institutional investors have been evolving significantly in China since 1997 when they were formally...
ix, 146 leaves : ill. ; 30 cm.PolyU Library Call No.: [THS] LG51 .H577P AF 2008 WangThis thesis exam...
Thesis (M. Fin.)--Massachusetts Institute of Technology, Sloan School of Management, Master of Finan...
This thesis consists of three essays. In the first essay, we investigate government resource allocat...
Purpose - The paper aims to identify the relationship between institutional logics and corporate fin...
Different institutional features have been found to affect capital structure decisions, but their co...
This dissertation describes three studies on the linkages between changes in financial markets and f...
© 2013 Taylor & Francis. In this paper, we empirically investigate how differences in the developm...
This dissertation comprises three essays in the field of empirical corporate finance and it contribu...
This thesis explores the linkages between corporate governance and corporate finance, making use of ...