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The Role of State/Market Division and Political Economy in Understanding Institutional Transformation of China’s Stock Exchanges: Response to Dr Ortiz

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  • Lyu Kai

    (Faculty of Law, Chinese University of Hong Kong, Room 621, Lee Shau Kee Building, Hong Kong, Hong Kong)

Abstract

This is a reply to Ortiz, Horacio’s article: A Comment on “The Institutional Transformation of China’s Stock Exchanges: A Comparative Perspective” by Kay Lyu.

Suggested Citation

  • Lyu Kai, 2015. "The Role of State/Market Division and Political Economy in Understanding Institutional Transformation of China’s Stock Exchanges: Response to Dr Ortiz," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 5(1), pages 99-104, March.
    • Handle: RePEc:bpj:aelcon:v:5:y:2015:i:1:p:99-104:n:3
    DOI: 10.1515/ael-2014-0022
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    References listed on IDEAS

    as
    1. Lin, Justin Yifu & Cai, Fang & Li, Zhou, 1998. "Competition, Policy Burdens, and State-Owned Enterprise Reform," American Economic Review, American Economic Association, vol. 88(2), pages 422-427, May.
    2. Justin Yifu Lin, 1989. "An Economic Theory of Institutional Change: Induced and Imposed Change," Cato Journal, Cato Journal, Cato Institute, vol. 9(1), pages 1-33, Spring/Su.
    Full references (including those not matched with items on IDEAS)

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