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Chun Chang

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Chun Chang & Zheng Liu & Mark M. Spiegel, 2013. "Capital controls and optimal Chinese monetary policy," Working Paper Series 2012-13, Federal Reserve Bank of San Francisco.

    Mentioned in:

    1. Monetary policy in a DSGE model with “Chinese Characteristics”
      by Christian Zimmermann in NEP-DGE blog on 2012-10-07 19:05:10

Working papers

  1. Chun Chang & Zheng Liu & Mark M. Spiegel & Jingyi Zhang, 2016. "Reserve Requirements and Optimal Chinese Stabilization Policy," Working Paper Series 2016-10, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Huixin Bi & Yongquan Cao & Wei Dong, 2018. "Non-Performing Loans, Fiscal Costs and Credit Expansion in China," Staff Working Papers 18-53, Bank of Canada.
    2. Paraskevi Katsiampa & Paul B. McGuinness & Jean-Philippe Serbera & Kun Zhao, 2022. "The financial and prudential performance of Chinese banks and Fintech lenders in the era of digitalization," Review of Quantitative Finance and Accounting, Springer, vol. 58(4), pages 1451-1503, May.
    3. Linh My Tran & Chi Hong Mai & Phuoc Huu Le & Chi Linh Vu Bui & Linh Viet Phuong Nguyen & Toan Luu Duc Huynh, 2019. "Monetary Policy, Cash Flow and Corporate Investment: Empirical Evidence from Vietnam," JRFM, MDPI, vol. 12(1), pages 1-14, March.
    4. Chen, Hongyi & Tillmann, Peter, 2021. "Monetary policy uncertainty in China," Journal of International Money and Finance, Elsevier, vol. 110(C).
    5. Jiang, Lunan & Chen, Yinghui & Zhang, Lin, 2024. "Monetary policy surprises and corporate investment growth in China," Economic Modelling, Elsevier, vol. 131(C).
    6. Eun Young Oh & Shuonan Zhang, 2020. "Informal economy and central bank digital currency," Working Papers in Economics & Finance 2020-11, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group, revised 23 Jun 2022.
    7. Wei, Xin & Liu, Xi & Zhang, Xueyong, 2022. "Shadow banking and the cross-section of stock returns," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 81(C).
    8. Xiaoming Li & Zheng Liu & Yuchao Peng & Zhiwei Xu, 2020. "Bank Risk-Taking and Monetary Policy Transmission: Evidence from China," Working Paper Series 2020-27, Federal Reserve Bank of San Francisco.
    9. Zheng Liu & Mark M. Spiegel & Jingyi Zhang, 2020. "Optimal Capital Account Liberalization in China," Working Paper Series 2018-10, Federal Reserve Bank of San Francisco.
    10. Han, Qian & Song, Zhaogang & Yuan, Yufei & Zhao, Yuanhang, 2023. "Monetary transmission and government investment in China," China Economic Review, Elsevier, vol. 82(C).
    11. Chen, Hongyi & Li, Ran & Tillmann, Peter, 2019. "Pushing on a string: State-owned enterprises and monetary policy transmission in China," China Economic Review, Elsevier, vol. 54(C), pages 26-40.
    12. Lim, King Yoong & Liu, Chunping & Zhang, Shuonan, 2024. "Optimal central banking policies: Envisioning the post-digital yuan economy with loan prime rate-setting," Emerging Markets Review, Elsevier, vol. 59(C).
    13. Hsiao, Cody Yu-Ling & Jin, Tao & Kwok, Simon & Wang, Xi & Zheng, Xin, 2023. "Entrepreneurial risk shocks and financial acceleration asymmetry in a two-country DSGE model," China Economic Review, Elsevier, vol. 81(C).
    14. Wei, Xiaoyun & Han, Liyan, 2020. "Targeted reduction in reserve requirement ratio and optimal monetary policy in China," International Review of Economics & Finance, Elsevier, vol. 69(C), pages 209-230.
    15. Ma, Huanyu & Hao, Dapeng, 2022. "Economic policy uncertainty, financial development, and financial constraints: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 79(C), pages 368-386.
    16. Ran, Gao & Zixiang, Zhu & Jianhao, Lin, 2022. "Consumption–investment comovement and the dynamic impact of monetary policy uncertainty in China," Economic Modelling, Elsevier, vol. 113(C).
    17. D’Orazio, Paola & Popoyan, Lilit, 2019. "Fostering green investments and tackling climate-related financial risks: Which role for macroprudential policies?," Ecological Economics, Elsevier, vol. 160(C), pages 25-37.
    18. Yin Germaschewski, 2022. "House price, credit supply, and government policy in China," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 55(2), pages 971-1026, May.
    19. Le, Anh H., 2023. "Climate change and carbon policy: A story of optimal green macroprudential and capital flow management," IMFS Working Paper Series 191, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    20. Jin, Tao & Kwok, Simon & Zheng, Xin, 2022. "Financial wealth, investment, and confidence in a DSGE model for China," International Review of Economics & Finance, Elsevier, vol. 79(C), pages 114-134.
    21. Min Zhang & Yahong Zhang, 2020. "Monetary Stimulus Policy in China: the Bank Credit Channel," Working Papers 2001, University of Windsor, Department of Economics.
    22. Guiting Lin & Alice Y. Ouyang, 2024. "Macroprudential policy leakage: Evidence from shadow banking activities of Chinese enterprises," Contemporary Economic Policy, Western Economic Association International, vol. 42(1), pages 160-182, January.
    23. Shuonan Zhang, 2024. "State‐owned enterprises and entrusted lending: Economic growth and business cycles in China," Economic Inquiry, Western Economic Association International, vol. 62(1), pages 197-222, January.
    24. Gaofeng Han, 2020. "Structural transformation and its implications for the Chinese economy," Pacific Economic Review, Wiley Blackwell, vol. 25(3), pages 339-383, August.
    25. Yang, Xiaoliang & Barros, Lucy & Matthews, Kent & Meenagh, David, 2024. "The dynamics of redistribution, inequality and growth across China’s regions," Journal of Policy Modeling, Elsevier, vol. 46(3), pages 613-637.
    26. Zheng Liu & Pengfei Wang & Zhiwei Xu, 2021. "Interest Rate Liberalization and Capital Misallocations," American Economic Journal: Macroeconomics, American Economic Association, vol. 13(2), pages 373-419, April.
    27. Yin Germaschewski, 2023. "House price volatility in China: Demand versus supply," Economic Inquiry, Western Economic Association International, vol. 61(1), pages 199-220, January.
    28. Hongyi Chen & Kenneth ChowAuthor-Workplace-Name: Hong Kong Monetary Authority & Peter Tillmann, 2016. "The Effectiveness of Monetary Policy in China: Evidence from a Qual VAR," Working Papers 062016, Hong Kong Institute for Monetary Research.
    29. Audzei, Volha & Brůha, Jan, 2022. "A model of the Euro area, China, and the United States: Trade links and trade wars," Economic Modelling, Elsevier, vol. 111(C).
    30. Dr. Stephan Imhof & Cyril Monnet & Shengxing Zhang, 2018. "The Risk-Taking Channel of Liquidity Regulations and Monetary Policy," Working Papers 2018-13, Swiss National Bank.
    31. Phuong Mai Le, Vo & Matthews, Kent & Meenagh, David & Minford, Patrick & Xiao, Zhiguo, 2022. "Regulatory arbitrage, shadow banking and monetary policy in China," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 80(C).
    32. Shuonan Zhang, 2020. "State-owned enterprises and entrusted lending: A DSGE analysis for growth and business cycles in China," Working Papers in Economics & Finance 2020-01, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group.
    33. Jingjing Fan & Feng Shi & Junzhu Zhao & Jingming Zhu, 2023. "Trade Policy Uncertainty, Financial Frictions, and Monetary Policy," Annals of Economics and Finance, Society for AEF, vol. 24(1), pages 193-211, May.
    34. Xiaowei Kong & Deng-Kui Si & Haiyang Li & Dongmin Kong, 2021. "Does access to credit reduce SMEs’ tax avoidance? Evidence from a regression discontinuity design," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 7(1), pages 1-23, December.
    35. Zhang, He & Meng, Xianchun, 2021. "The crowding out channel: Housing boom and investment in China," Finance Research Letters, Elsevier, vol. 43(C).
    36. Lin, Chaoying & He, Lerong, 2020. "Targeted monetary policy and agriculture business loans," The North American Journal of Economics and Finance, Elsevier, vol. 54(C).
    37. Chaoying Lin & Lerong He & Guangqing Yang, 2021. "Targeted monetary policy and financing constraints of Chinese small businesses," Small Business Economics, Springer, vol. 57(4), pages 2107-2124, December.
    38. Frank Packer & Mark M Spiegel, 2020. "Competitive effects of IPOs: evidence from Chinese listing suspensions," BIS Working Papers 888, Bank for International Settlements.
    39. Hongyi Chen & Michael Funke & Ivan Lozev & Andrew Tsang, 2020. "To Guide or Not to Guide? Quantitative Monetary Policy Tools and Macroeconomic Dynamics in China," International Journal of Central Banking, International Journal of Central Banking, vol. 16(5), pages 49-94, October.
    40. Wei Yang & Haiyang Li & Gaowen Kong & Dongmin Kong, 2021. "Access to finance and SMEs’ trade credit: evidence from a regression discontinuity design," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(2), pages 2997-3029, June.
    41. Dekle, Robert & Tsang, Andrew, 2023. "Monetary policy shocks and resource misallocations in the Periphery: Evidence from Chinese provincial bond yields," Journal of International Money and Finance, Elsevier, vol. 137(C).
    42. Qiu, Baoyin & Cheng, Bo, 2022. "Is a deleveraging policy effective? Evidence from China," International Review of Economics & Finance, Elsevier, vol. 77(C), pages 471-480.
    43. Wei, Xiaoyun & Li, Jie & Han, Liyan, 2020. "Optimal targeted reduction in reserve requirement ratio in China," Economic Modelling, Elsevier, vol. 85(C), pages 1-15.
    44. Fu, Liang & Ho, Chun-Yu, 2022. "Monetary policy surprises and interest rates under China's evolving monetary policy framework," Emerging Markets Review, Elsevier, vol. 52(C).
    45. Chen, Ming & Chen, Chen, 2023. "Financial constraints alleviation: Why does state-owned share reduction in China promote firm performance?," Finance Research Letters, Elsevier, vol. 55(PA).
    46. Bo, Lijun & Li, Tongqing & Yu, Xiang, 2022. "Centralized systemic risk control in the interbank system: Weak formulation and Gamma-convergence," Stochastic Processes and their Applications, Elsevier, vol. 150(C), pages 622-654.
    47. Wang, Xun & Yu, Jingwen, 2023. "COVID-19 pandemic and corporate liquidity: The role of SOEs’ trade credit response," Journal of International Money and Finance, Elsevier, vol. 137(C).
    48. Feng Dong & Yumei Guo & Yuchao Peng & Zhiwei Xu, 2022. "Economic Slowdown and Housing Dynamics in China: A Tale of Two Investments by Firms," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(6), pages 1839-1874, September.

  2. Chun Chang & Kaiji Chen & Daniel F. Waggoner & Tao Zha, 2015. "Trends and cycles in China's macroeconomy," FRB Atlanta Working Paper 2015-5, Federal Reserve Bank of Atlanta.

    Cited by:

    1. Felipe, Jesus & Lanzafame, Matteo, 2018. "The PRC’s Long-Run Growth through the Lens of the Export-Led Growth Model," ADB Economics Working Paper Series 555, Asian Development Bank.
    2. Zhang, Shangfeng & Liu, Yaoxin & Huang, Duen-Huang, 2021. "Understanding the mystery of continued rapid economic growth," Journal of Business Research, Elsevier, vol. 124(C), pages 529-537.
    3. Kjetil Storesletten & Bo Zhao & Fabrizio Zilibotti, 2019. "Business Cycle during Structural Change: Arthur Lewis' Theory from a Neoclassical Perspective," NBER Working Papers 26181, National Bureau of Economic Research, Inc.
    4. Bai, Chong-En & Liu, Qing & Yao, Wen, 2020. "Earnings inequality and China's preferential lending policy," Journal of Development Economics, Elsevier, vol. 145(C).
    5. Tianye Lin & Yangyang Ji & Sen Zhang, 2020. "Real Estate, Interest Rates, and Crowding-out Effects," CEMA Working Papers 613, China Economics and Management Academy, Central University of Finance and Economics.
    6. Huixin Bi & Yongquan Cao & Wei Dong, 2018. "Non-Performing Loans, Fiscal Costs and Credit Expansion in China," Staff Working Papers 18-53, Bank of Canada.
    7. Kaiji Chen & Jue Ren & Tao Zha, 2016. "What We Learn from China's Rising Shadow Banking: Exploring the Nexus of Monetary Tightening and Banks' Role in Entrusted Lending," NBER Working Papers 21890, National Bureau of Economic Research, Inc.
    8. Liu, Ding & Zhang, Yue & Sun, Weihong, 2020. "Commitment or discretion? An empirical investigation of monetary policy preferences in China," Economic Modelling, Elsevier, vol. 85(C), pages 409-419.
    9. Jia, Pengfei & Lim, King Yoong, 2018. "Tax Policy and Toxic Housing Bubbles in China," MPRA Paper 86576, University Library of Munich, Germany.
    10. Wen Yao & Xiaodong Zhu, 2021. "Structural Change And Aggregate Employment Fluctuations In China," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 62(1), pages 65-100, February.
    11. Li, Cong & Liu, Jiaxuan & Zhou, Yunxu & Yang, Benshuo & Sun, Jiawen, 2024. "Can green credit policy alleviate inefficient investment of heavily polluting enterprises? A quasi-natural experiment based on the Green Credit Guidelines," Finance Research Letters, Elsevier, vol. 59(C).
    12. Fang, Jing & He, Hui & Li, Nan, 2020. "China's rising IQ (Innovation Quotient) and growth: Firm-level evidence," Journal of Development Economics, Elsevier, vol. 147(C).
    13. Luo, Yuwei & Mei, Dongzhou, 2023. "The shortage of safe assets and China's housing boom," Economic Modelling, Elsevier, vol. 119(C).
    14. Yin, Hong & Chang, Long & Wang, Shu, 2023. "The impact of China's economic uncertainty on commodity and financial markets," Resources Policy, Elsevier, vol. 84(C).
    15. Yang, Liu & van Wijnbergen, S. & Qi, Xiaotong & Yi, Yuhuan, 2019. "Chinese shadow banking, financial regulation and effectiveness of monetary policy," Pacific-Basin Finance Journal, Elsevier, vol. 57(C).
    16. Fontaine, Idriss & Razafindravaosolonirina, Justinien & Didier, Laurent, 2018. "Chinese policy uncertainty shocks and the world macroeconomy: Evidence from STVAR," China Economic Review, Elsevier, vol. 51(C), pages 1-19.
    17. Kaiji Chen & Patrick Higgins & Daniel F. Waggoner & Tao Zha, 2016. "Impacts of Monetary Stimulus on Credit Allocation and the Macroeconomy: Evidence from China," NBER Working Papers 22650, National Bureau of Economic Research, Inc.
    18. Ran, Gao & Zixiang, Zhu & Jianhao, Lin, 2022. "Consumption–investment comovement and the dynamic impact of monetary policy uncertainty in China," Economic Modelling, Elsevier, vol. 113(C).
    19. Tamas Z. Csabafi & Max Gillman & Ruthira Naraidoo, 2019. "International Business Cycle and Financial Intermediation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(8), pages 2293-2303, December.
    20. Chen, Kaiji & Higgins, Patrick & Zha, Tao, 2024. "Constructing quarterly Chinese time series usable for macroeconomic analysis," Journal of International Money and Finance, Elsevier, vol. 143(C).
    21. Higgins, Patrick & Zha, Tao & Zhong, Wenna, 2016. "Forecasting China's economic growth and inflation," China Economic Review, Elsevier, vol. 41(C), pages 46-61.
    22. Fu, Buben & Wang, Bin, 2020. "The transition of China's monetary policy regime: Before and after the four trillion RMB stimulus," Economic Modelling, Elsevier, vol. 89(C), pages 273-303.
    23. Gail Cohen & João Tovar Jalles & Mr. Prakash Loungani & Ricardo Marto & Gewei Wang, 2018. "Decoupling of Emissions and GDP: Evidence from Aggregate and Provincial Chinese Data," IMF Working Papers 2018/085, International Monetary Fund.
    24. Bowen Zheng & Mengjie Zhang & Xuefang Zhang, 2022. "The rise of market power and firms' investment: Evidence from China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(5), pages 4807-4830, December.
    25. Steven Lugauer & Jinlan Ni & Zhichao Yin, 2014. "Micro-Data Evidence on Family Size and Chinese Saving Rates," Working Papers 023, University of Notre Dame, Department of Economics, revised Jun 2014.
    26. Yin Germaschewski, 2022. "House price, credit supply, and government policy in China," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 55(2), pages 971-1026, May.
    27. Chang, Chun & Liu, Zheng & Spiegel, Mark M. & Zhang, Jingyi, 2019. "Reserve requirements and optimal Chinese stabilization policy," Journal of Monetary Economics, Elsevier, vol. 103(C), pages 33-51.
    28. Wu, Yizhong & Liu, Xiaoxing & Tang, Chun, 2024. "Carbon Market and corporate financing behavior-From the perspective of constraints and demand," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 873-889.
    29. Ben Zeev, Nadav, 2017. "Capital controls as shock absorbers," Journal of International Economics, Elsevier, vol. 109(C), pages 43-67.
    30. Nadav Ben Zeev, 2017. "Exchange Rate Regimes And Sudden Stops," Working Papers 1712, Ben-Gurion University of the Negev, Department of Economics.
    31. Sen Zhang & Yangyang Ji & Tianye Lin, 2019. "The relative price of investment goods, the price level, and the "slope puzzle"," CEMA Working Papers 609, China Economics and Management Academy, Central University of Finance and Economics.
    32. Huang, Yun & Luk, Paul, 2020. "Measuring economic policy uncertainty in China," China Economic Review, Elsevier, vol. 59(C).
    33. Michael Dotsey & Wenli Li & Fang Yang, 2019. "Demographic Aging, Industrial Policy, and Chinese Economic Growth," Working Papers 2019-030, Human Capital and Economic Opportunity Working Group.
    34. José R. Sánchez-Fung, 2016. "Reviewing Trade Policy in China During the Transition to Balanced Economic Growth," The World Economy, Wiley Blackwell, vol. 39(12), pages 1934-1946, December.
    35. Shuonan Zhang, 2020. "State-owned enterprises and entrusted lending: A DSGE analysis for growth and business cycles in China," Working Papers in Economics & Finance 2020-01, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group.
    36. Michael Murach & Helmut Wagner, 2021. "The effects of external shocks on the business cycle in China: A structural change perspective," Review of International Economics, Wiley Blackwell, vol. 29(3), pages 681-702, August.
    37. Òscar Jordà & Fernanda Nechio, 2020. "Inflation Globally," Central Banking, Analysis, and Economic Policies Book Series, in: Gonzalo Castex & Jordi Galí & Diego Saravia (ed.),Changing Inflation Dynamics,Evolving Monetary Policy, edition 1, volume 27, chapter 8, pages 269-316, Central Bank of Chile.
    38. Clark, Robyn & Reed, James & Sunderland, Terry, 2018. "Bridging funding gaps for climate and sustainable development: Pitfalls, progress and potential of private finance," Land Use Policy, Elsevier, vol. 71(C), pages 335-346.
    39. Ben Zeev, Nadav, 2019. "Global credit supply shocks and exchange rate regimes," Journal of International Economics, Elsevier, vol. 116(C), pages 1-32.
    40. Ayşe İmrohoroğlu & Kai Zhao, 2017. "The Chinese Saving Rate: Long-Term Care Risks, Family Insurance, and Demographics," Working papers 2017-17, University of Connecticut, Department of Economics.
    41. Ma, Kai & Zhao, Lei, 2024. "The impact of new energy transportation means on China's food import," Research in Transportation Economics, Elsevier, vol. 103(C).
    42. Han, Yang & Liu, Zehao & Ma, Jun, 2020. "Growth cycles and business cycles of the Chinese economy through the lens of the unobserved components model," China Economic Review, Elsevier, vol. 63(C).
    43. Gu, Yanwei & Guo, Jing & Liang, Xiao & Zhao, Yajun, 2022. "Does the debt-growth link differ across private and public debt? Evidence from China," Economic Modelling, Elsevier, vol. 114(C).
    44. Zhang, Shangfeng & Luo, Jiayu & Huang, Duen-Huang & Xu, Jingjue, 2023. "Market distortion, factor misallocation, and efficiency loss in manufacturing enterprises," Journal of Business Research, Elsevier, vol. 154(C).
    45. Chow, Gregory C, 2016. "Important laws governing China's macro-economy," Journal of Comparative Economics, Elsevier, vol. 44(2), pages 289-294.
    46. Wang, Bin, 2019. "Measuring the natural rate of interest of China: A time varying perspective," Economics Letters, Elsevier, vol. 176(C), pages 117-120.
    47. Salzmann, Leonard, 2020. "China's Economic Slowdown and International Inflation Dynamics," EconStor Preprints 176757, ZBW - Leibniz Information Centre for Economics, revised 2020.
    48. João Tovar Jalles, 2019. "On the Time‐Varying Relationship between Unemployment and Output: What shapes it?," Scottish Journal of Political Economy, Scottish Economic Society, vol. 66(5), pages 605-630, November.
    49. Daoju Peng & Kang ShiAuthor-Workplace-Name: Chinese University of Hong Kong & Juanyi XuAuthor-Workplace-Name: Hong Kong University of Science and Technology, 2016. "SOE and Chinese Real Business Cycle," Working Papers 022016, Hong Kong Institute for Monetary Research.

  3. Chun Chang & Zheng Liu & Mark M. Spiegel, 2013. "Capital controls and optimal Chinese monetary policy," Working Paper Series 2012-13, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Zheng Liu & Mark M. Spiegel & Andrew Tai, 2016. "Measuring the Effects of Dollar Appreciation on Asia: A Favar Approach," Working Paper Series 2016-30, Federal Reserve Bank of San Francisco.
    2. Yin-Wong Cheung & Cho-Hoi Hui & Andrew Tsang, 2017. "The RMB Central Parity Formation Mechanism after August 2015: A Statistical Analysis," Working Papers 062017, Hong Kong Institute for Monetary Research.
    3. Johnson, Christopher P., 2021. "International shadow banking and prudential capital controls," Journal of International Money and Finance, Elsevier, vol. 119(C).
    4. Eswar Prasad & Boyang Zhang, 2015. "Distributional Effects of Monetary Policy in Emerging Market Economies," NBER Working Papers 21471, National Bureau of Economic Research, Inc.
    5. Liu, Zheng & Spiegel, Mark M. & Zhang, Jingyi, 2023. "Capital flows and income inequality," Journal of International Economics, Elsevier, vol. 144(C).
    6. Carlos Alberto Zarazúa Juárez, 2021. "Macroprudential regulation as part of the Mexican policy toolkit," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 16(1), pages 1-27, Enero - M.
    7. Liu, Ding & Zhang, Yue & Sun, Weihong, 2020. "Commitment or discretion? An empirical investigation of monetary policy preferences in China," Economic Modelling, Elsevier, vol. 85(C), pages 409-419.
    8. J. Scott Davis & Ippei Fujiwara & Kevin X. D. Huang & Jiao Wang, 2019. "Foreign Exchange Reserves as a Tool for Capital Account Management," Globalization Institute Working Papers 352, Federal Reserve Bank of Dallas.
    9. Adler, Gustavo & Lama, Ruy & Medina, Juan Pablo, 2019. "Foreign exchange intervention and inflation targeting: The role of credibility," Journal of Economic Dynamics and Control, Elsevier, vol. 106(C), pages 1-1.
    10. Shigeto Kitano & Kenya Takaku, 2017. "Capital Controls, Macroprudential Regulation,and the Bank Balance Sheet Channel," Discussion Paper Series DP2017-18, Research Institute for Economics & Business Administration, Kobe University, revised Jan 2019.
    11. Li, Xiangfa & Wang, Hua, 2020. "The effective of China's monetary policy: Quantity versus price rules," The North American Journal of Economics and Finance, Elsevier, vol. 54(C).
    12. Guo, Shen & Jiang, Zheng & Shi, Huimin, 2018. "The business cycle implications of bank discrimination in China," Economic Modelling, Elsevier, vol. 73(C), pages 264-278.
    13. Nie, Owen, 2022. "The information content of capital controls," Journal of International Money and Finance, Elsevier, vol. 127(C).
    14. Zheng Liu & Mark M. Spiegel & Jingyi Zhang, 2020. "Optimal Capital Account Liberalization in China," Working Paper Series 2018-10, Federal Reserve Bank of San Francisco.
    15. Haiwei Jiang & Yiyao He, 2022. "Evaluation of Optimal Policy on Environmental Change through Green Consumption," Sustainability, MDPI, vol. 14(9), pages 1-14, April.
    16. Zhaosu MENG & Wei WEI & Xiaotong LIU & Kedong YIN, 2018. "The Influence of International Capital Flow on the Effectiveness of Chinese Monetary Policy," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 21-40, December.
    17. Han, Qian & Song, Zhaogang & Yuan, Yufei & Zhao, Yuanhang, 2023. "Monetary transmission and government investment in China," China Economic Review, Elsevier, vol. 82(C).
    18. John Fernald & Mark M. Spiegel & Eric T. Swanson, 2014. "Monetary Policy Effectiveness in China: Evidence from a FAVAR Model," NBER Working Papers 20518, National Bureau of Economic Research, Inc.
    19. Lim, King Yoong & Liu, Chunping & Zhang, Shuonan, 2024. "Optimal central banking policies: Envisioning the post-digital yuan economy with loan prime rate-setting," Emerging Markets Review, Elsevier, vol. 59(C).
    20. Zaichao Du & Jie Li & Pei Pei, 2021. "The impacts of China’s exchange rate regime reform in 2005: A counterfactual analysis," Review of Development Economics, Wiley Blackwell, vol. 25(1), pages 430-448, February.
    21. Lambert, Claudia & Molestina Vivar, Luis & Wedow, Michael, 2024. "Is home bias biased? New evidence from the investment fund sector," Working Paper Series 2924, European Central Bank.
    22. Yang, Xingquan & Han, Liang & Li, Wanli & Yin, Xingqiang & Tian, Lin, 2017. "Monetary policy, cash holding and corporate investment: Evidence from China," China Economic Review, Elsevier, vol. 46(C), pages 110-122.
    23. Junyong Lee & Kyounghun Lee & Frederick Dongchuhl Oh, 2023. "Religion and Equity Home Bias," Open Economies Review, Springer, vol. 34(5), pages 1015-1038, November.
    24. Agénor, Pierre-Richard & Jia, Pengfei, 2020. "Capital controls and welfare with cross-border bank capital flows," Journal of Macroeconomics, Elsevier, vol. 65(C).
    25. Huang, Bihong & Punzi, Maria Teresa & Wu, Yu, 2022. "Environmental regulation and financial stability: Evidence from Chinese manufacturing firms," Journal of Banking & Finance, Elsevier, vol. 136(C).
    26. Jin, Hao & Xiong, Chen, 2021. "Fiscal stress and monetary policy stance in oil-exporting countries," Journal of International Money and Finance, Elsevier, vol. 111(C).
    27. Kaiji Chen & Patrick Higgins & Daniel F. Waggoner & Tao Zha, 2016. "Impacts of Monetary Stimulus on Credit Allocation and the Macroeconomy: Evidence from China," NBER Working Papers 22650, National Bureau of Economic Research, Inc.
    28. Lai, Jennifer & Chen, Hongyi & McNelis, Paul D., 2020. "Macroeconomic adjustment with managed exchange rates and capital controls: Some lessons from China," Economic Modelling, Elsevier, vol. 91(C), pages 759-768.
    29. Ran, Gao & Zixiang, Zhu & Jianhao, Lin, 2022. "Consumption–investment comovement and the dynamic impact of monetary policy uncertainty in China," Economic Modelling, Elsevier, vol. 113(C).
    30. Löchel, H. & Packham, N. & Walisch, F., 2016. "Determinants of the onshore and offshore Chinese government yield curves," Pacific-Basin Finance Journal, Elsevier, vol. 36(C), pages 77-93.
    31. Hao Jin, 2015. "Foreign Exchange Interventions, Capital Controls and Monetary Policy: The Case of China," CAEPR Working Papers 2015-019, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    32. J. Scott Davis & Michael B. Devereux & Changhua Yu, 2020. "Sudden Stops in Emerging Economies: The Role of World Interest Rates and Foreign Exchange Intervention," Globalization Institute Working Papers 405, Federal Reserve Bank of Dallas, revised 10 Sep 2021.
    33. Paul Castillo & Juan Pablo Medina, 2021. "Foreign Exchange Intervention, Capital Flows, and Liability Dollarization," GRU Working Paper Series GRU_2021_027, City University of Hong Kong, Department of Economics and Finance, Global Research Unit, revised 25 Jul 2021.
    34. Urban J. Jermann & Bin Wei & Vivian Z. Yue, 2019. "The Two-Pillar Policy for the RMB," FRB Atlanta Working Paper 2019-8, Federal Reserve Bank of Atlanta.
    35. Adler, Gustavo & Chang, Kyun Suk & Wang, Zijiao, 2021. "Patterns of foreign exchange intervention under inflation targeting," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 2(4).
    36. Punzi, Maria Teresa, 2019. "The impact of energy price uncertainty on macroeconomic variables," Energy Policy, Elsevier, vol. 129(C), pages 1306-1319.
    37. Tao Zha & Kaiji Chen, 2017. "The Asymmetric Transmission of China's Monetary Policy," 2017 Meeting Papers 516, Society for Economic Dynamics.
    38. Rong Li & Dongzhou Mei & Bing Tong, 2024. "Gradual Portfolio Adjustment, Foreign Exchange Intervention, and Open Market Operations," CFDS Discussion Paper Series 2024/6, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
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  4. John H. Boyd & Chun Chang & Bruce Smith, 1998. "Deposit insurance: a reconsideration," Working Papers 593, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Di Nicolo, G. & Lucchetta, M., 2010. "Financial Intermediation, Competition, and Risk : A General Equilibrium Exposition," Discussion Paper 2010-67S, Tilburg University, Center for Economic Research.
    2. Julio J. Rotemberg, 2010. "A Behavioral Model of Demandable Deposits and its Implications for Financial Regulation," NBER Working Papers 16620, National Bureau of Economic Research, Inc.
    3. Boyd, John H & De Nicolo, Gianni & Smith, Bruce D, 2004. "Crises in Competitive versus Monopolistic Banking Systems," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 36(3), pages 487-506, June.
    4. Todd Keister, 2014. "Bailouts and Financial Fragility," Departmental Working Papers 201401, Rutgers University, Department of Economics.
    5. Yuliyan Mitkov, 2016. "Inequality and Financial Fragility," Departmental Working Papers 201602, Rutgers University, Department of Economics.
    6. Marshall, David A. & Prescott, Edward Simpson, 2001. "Bank capital regulation with and without state-contingent penalties," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 54(1), pages 139-184, June.
    7. Jonathan Carroll & Shino Takayama, 2014. "A hierarchical agency model of deposit insurance," Annals of Finance, Springer, vol. 10(2), pages 267-290, May.
    8. Maechler, Andrea M. & McDill, Kathleen M., 2006. "Dynamic depositor discipline in US banks," Journal of Banking & Finance, Elsevier, vol. 30(7), pages 1871-1898, July.
    9. Marshall, David A. & Prescott, Edward Simpson, 2006. "State-contingent bank regulation with unobserved actions and unobserved characteristics," Journal of Economic Dynamics and Control, Elsevier, vol. 30(11), pages 2015-2049, November.
    10. Arping, Stefan, 2010. "The pricing of bank debt guarantees," Economics Letters, Elsevier, vol. 108(2), pages 119-121, August.
    11. Marcella Lucchetta, 2017. "Banking competition and welfare," Annals of Finance, Springer, vol. 13(1), pages 31-53, February.
    12. Mr. Gianni De Nicolo & Marcella Lucchetta, 2009. "Financial Intermediation, Competition, and Risk: A General Equilibrium Exposition," IMF Working Papers 2009/105, International Monetary Fund.
    13. Volker Britz & Hans Gersbach & Hans Haller, 2021. "Deposit insurance and reinsurance," Annals of Finance, Springer, vol. 17(4), pages 425-470, December.
    14. Mitkov, Yuliyan, 2020. "Inequality and financial fragility," Journal of Monetary Economics, Elsevier, vol. 115(C), pages 233-248.
    15. Di Nicolo, G. & Lucchetta, M., 2010. "Financial Intermediation, Competition, and Risk : A General Equilibrium Exposition," Other publications TiSEM 88ef35ea-b10f-4988-82e5-f, Tilburg University, School of Economics and Management.
    16. Gianni De Nicolo, 2000. "Size, charter value and risk in banking: an international perspective," International Finance Discussion Papers 689, Board of Governors of the Federal Reserve System (U.S.).
    17. Kathleen McDill & Andrea M. Maechler, 2003. "Dynamic Depositor Discipline in U.S. Banks," IMF Working Papers 2003/226, International Monetary Fund.
    18. Marcella Lucchetta & Mr. Gianni De Nicolo, 2011. "Bank Competition and Financial Stability: A General Equilibrium Exposition," IMF Working Papers 2011/295, International Monetary Fund.
    19. David A. Marshall & Edward Simpson Prescott, 2004. "State-Contingent Bank Regulation with Unobserved Actions and Unobserved Characteristics," Working Papers wp2004_0407, CEMFI.
    20. Wu, Yuliang & Bowe, Michael, 2012. "Information disclosure and depositor discipline in the Chinese banking sector," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 22(4), pages 855-878.
    21. Raheel Mumtaz & Imran Abbas Jadoon, 2018. "Effect of explicit deposit insurance premium on the moral hazard of banks’ risk-taking: Around the globe," International Journal of Financial Engineering (IJFE), World Scientific Publishing Co. Pte. Ltd., vol. 5(02), pages 1-24, June.
    22. Antoine Martin, 2001. "Liquidity provision vs. deposit insurance : preventing bank panics without moral hazard?," Research Working Paper RWP 01-05, Federal Reserve Bank of Kansas City.
    23. Ms. Elena Loukoianova & Mr. Gianni De Nicolo & John H. Boyd, 2009. "Banking Crises and Crisis Dating: Theory and Evidence," IMF Working Papers 2009/141, International Monetary Fund.
    24. Cardone Riportella, Clara & Bustamante, Rodrigo, 2004. "Was the Argentine corralito an efficient measure?: a note," DEE - Working Papers. Business Economics. WB wb042209, Universidad Carlos III de Madrid. Departamento de Economía de la Empresa.
    25. Di Nicolo, G. & Lucchetta, M., 2010. "Financial Intermediation, Competition, and Risk : A General Equilibrium Exposition," Other publications TiSEM 2c5af9d5-3533-452b-83cb-c, Tilburg University, School of Economics and Management.
    26. Ikuko Fueda & Masaru Konishi, 2007. "Depositors’ Response to Deposit Insurance Reforms: Evidence from Japan, 1990–2005," Journal of Financial Services Research, Springer;Western Finance Association, vol. 31(2), pages 101-122, June.
    27. Edward Simpson Prescott, 2002. "Can risk-based deposit insurance premiums control moral hazard?," Economic Quarterly, Federal Reserve Bank of Richmond, issue Spr, pages 87-100.
    28. Boyd, John H. & De Nicolò, Gianni & Rodionova, Tatiana, 2019. "Banking crises and crisis dating: Disentangling shocks and policy responses," Journal of Financial Stability, Elsevier, vol. 41(C), pages 45-54.
    29. Li, Gan & Wen-Yao, Wang, 2010. "Partial Deposit Insurance and Moral Hazard in Banking," MPRA Paper 25798, University Library of Munich, Germany.
    30. Mr. Gianni De Nicolo & John H. Boyd, 2003. "Bank Risk-Taking and Competition Revisited," IMF Working Papers 2003/114, International Monetary Fund.

  5. John H. Boyd & Chun Chang & Bruce Smith, 1998. "Moral hazard under commercial and universal banking," Working Papers 585, Federal Reserve Bank of Minneapolis.

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    1. Mitchell, Janet, 2001. "Bad Debts and the Cleaning of Banks' Balance Sheets: An Application to Transition Economies," Journal of Financial Intermediation, Elsevier, vol. 10(1), pages 1-27, January.
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    3. João A. C. Santos & Joseph G. Haubrich, 1999. "Banking and commerce: a liquidity approach," BIS Working Papers 78, Bank for International Settlements.
    4. Jussi Keppo & Josef Korte, 2018. "Risk Targeting and Policy Illusions—Evidence from the Announcement of the Volcker Rule," Management Science, INFORMS, vol. 64(1), pages 215-234, January.
    5. Chavaz, Matthieu & Elliott, David, 2020. "Separating retail and investment banking: evidence from the UK," Bank of England working papers 892, Bank of England, revised 18 Feb 2021.
    6. Luca Bellardini & Pierluigi Murro & Daniele Previtali, 2019. "The Risk Weighted Ownership Index: an ex-ante measure of banks' risk and performance," Working Papers CASMEF 1904, Dipartimento di Economia e Finanza, LUISS Guido Carli.
    7. Stefano Battilossi, 2009. "Did governance fail universal banks? Moral hazard, risk taking, and banking crises in interwar Italy1," Economic History Review, Economic History Society, vol. 62(s1), pages 101-134, August.
    8. Martynova, Natalya & Ratnovski, Lev & Vlahu, Razvan E., 2019. "Bank profitability, leverage constraints, and risk-taking," Discussion Papers 21/2019, Deutsche Bundesbank.
    9. Tiago M. Dutra & João C. A. Teixeira & José Carlos Dias, 2024. "The effect of political institutions on the interplay between banking regulation and banks’ risk," Journal of Banking Regulation, Palgrave Macmillan, vol. 25(2), pages 179-196, June.
    10. Katarzyna Sum, 2015. "Banking regulation and bank performance in the EU – what should be the scope of the regulatory reform?," Bank i Kredyt, Narodowy Bank Polski, vol. 46(3), pages 207-236.
    11. Jonathan A. Batten & Xuan Vinh Vo, 2016. "Bank risk shifting and diversification in an emerging market," Risk Management, Palgrave Macmillan, vol. 18(4), pages 217-235, December.
    12. Chronopoulos, Dimitris K. & Wilson, John O.S. & Yilmaz, Muhammed H., 2023. "Regulatory oversight and bank risk," Journal of Financial Stability, Elsevier, vol. 64(C).
    13. Tatiana Damjanovic & Vladislav Damjanovic & Charles Nolan, 2012. "Universal banking, competition and risk in a macro model," Discussion Papers 1201, University of Exeter, Department of Economics.
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    21. Grégory Nguyen & Peter Praet, 2006. "Cross-border crisis management : a race against the clock or a hurdle race ?," Financial Stability Review, National Bank of Belgium, vol. 4(1), pages 151-173, June.
    22. Mahrt-Smith, Jan, 2006. "Should banks own equity stakes in their borrowers? A contractual solution to hold-up problems," Journal of Banking & Finance, Elsevier, vol. 30(10), pages 2911-2929, October.
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    24. Hafiz Hoque & Dimitris Andriosopoulos & Kostas Andriosopoulos & Raphaël Douady, 2015. "Bank Regulation, Risk and Return: Evidence from the Credit and Sovereign Debt Crises," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01161670, HAL.
    25. Laetitia Lepetit & Emmanuelle Nys & Philippe Rous & Amine Tarazi, 2005. "Product Diversification in the European Banking Industry: Risk and Loan Pricing Implications," Working Papers hal-00918399, HAL.
    26. Mohsni, Sana & Otchere, Isaac, 2018. "Does regulatory regime matter for bank risk taking? A comparative analysis of US and Canada," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 53(C), pages 1-16.
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    29. Ozili, Peterson K, 2015. "Determinants of Bank Profitability and Basel Capital Regulation: Empirical Evidence from Nigeria," MPRA Paper 61048, University Library of Munich, Germany.
    30. Tatiana Damjanovic & Vladislav Damjanovic & Charles Nolan, 2013. "Universal vs separated banking with deposit insurance in a macro model," Discussion Papers 1308, University of Exeter, Department of Economics.
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    38. Ongena, Steven & Popov, Alexander & Udell, Gregory F., 2013. "“When the cat's away the mice will play”: Does regulation at home affect bank risk-taking abroad?," Journal of Financial Economics, Elsevier, vol. 108(3), pages 727-750.
    39. Jonathan A. Batten & Igor LonČarski & Peter G. Szilagyi, 2022. "Financial Market Manipulation, Whistleblowing, and the Common Good: Evidence from the LIBOR Scandal," Abacus, Accounting Foundation, University of Sydney, vol. 58(1), pages 1-23, March.
    40. Fotios Pasiouras, 2008. "International evidence on the impact of regulations and supervision on banks’ technical efficiency: an application of two-stage data envelopment analysis," Review of Quantitative Finance and Accounting, Springer, vol. 30(2), pages 187-223, February.
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Articles

  1. Chang, Zheshao & Li, Xin & Xu, Chao & Chang, Chun & Wang, Zhifeng, 2014. "Numerical simulation on the thermal performance of a solar molten salt cavity receiver," Renewable Energy, Elsevier, vol. 69(C), pages 324-335.

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    2. Conroy, Tim & Collins, Maurice N. & Fisher, James & Grimes, Ronan, 2018. "Thermal and mechanical analysis of a sodium-cooled solar receiver operating under a novel heliostat aiming point strategy," Applied Energy, Elsevier, vol. 230(C), pages 590-614.
    3. Ren, Ting & Sun, Yang & Zhang, Jiye & Yan, Gaocheng & Mu, Huaiping & Liu, Shi, 2016. "Optimal energy use of the collector tube in solar power tower plant," Renewable Energy, Elsevier, vol. 93(C), pages 525-535.
    4. Wang, Kun & He, Ya-Ling & Qiu, Yu & Zhang, Yuwen, 2016. "A novel integrated simulation approach couples MCRT and Gebhart methods to simulate solar radiation transfer in a solar power tower system with a cavity receiver," Renewable Energy, Elsevier, vol. 89(C), pages 93-107.
    5. Yu, Qiang & Fu, Peng & Yang, Yihui & Qiao, Jiafei & Wang, Zhifeng & Zhang, Qiangqiang, 2020. "Modeling and parametric study of molten salt receiver of concentrating solar power tower plant," Energy, Elsevier, vol. 200(C).
    6. Conroy, Tim & Collins, Maurice N. & Grimes, Ronan, 2020. "A review of steady-state thermal and mechanical modelling on tubular solar receivers," Renewable and Sustainable Energy Reviews, Elsevier, vol. 119(C).
    7. Zhang, Qiangqiang & Li, Xin & Wang, Zhifeng & Li, Zhi & Liu, Hong, 2018. "Function testing and failure analysis of control system for molten salt receiver system," Renewable Energy, Elsevier, vol. 115(C), pages 260-268.

  2. Li, Xin & Kong, Weiqiang & Wang, Zhifeng & Chang, Chun & Bai, Fengwu, 2010. "Thermal model and thermodynamic performance of molten salt cavity receiver," Renewable Energy, Elsevier, vol. 35(5), pages 981-988.

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    3. Conroy, Tim & Collins, Maurice N. & Fisher, James & Grimes, Ronan, 2018. "Thermal and mechanical analysis of a sodium-cooled solar receiver operating under a novel heliostat aiming point strategy," Applied Energy, Elsevier, vol. 230(C), pages 590-614.
    4. Zhang, Maolong & Du, Xiaoze & Pang, Liping & Xu, Chao & Yang, Lijun, 2016. "Performance of double source boiler with coal-fired and solar power tower heat for supercritical power generating unit," Energy, Elsevier, vol. 104(C), pages 64-75.
    5. Xu, Xinhai & Vignarooban, K. & Xu, Ben & Hsu, K. & Kannan, A.M., 2016. "Prospects and problems of concentrating solar power technologies for power generation in the desert regions," Renewable and Sustainable Energy Reviews, Elsevier, vol. 53(C), pages 1106-1131.
    6. Xiangjun Yu & Wenlei Lian & Ke Gao & Zhixing Jiang & Cheng Tian & Nan Sun & Hangbin Zheng & Xinrui Wang & Chao Song & Xianglei Liu, 2022. "Solar Thermochemical CO 2 Splitting Integrated with Supercritical CO 2 Cycle for Efficient Fuel and Power Generation," Energies, MDPI, vol. 15(19), pages 1-20, October.
    7. Yang, Jingze & Yang, Zhen & Duan, Yuanyuan, 2020. "Off-design performance of a supercritical CO2 Brayton cycle integrated with a solar power tower system," Energy, Elsevier, vol. 201(C).
    8. Zhu, Han-Hui & Wang, Kun & He, Ya-Ling, 2017. "Thermodynamic analysis and comparison for different direct-heated supercritical CO2 Brayton cycles integrated into a solar thermal power tower system," Energy, Elsevier, vol. 140(P1), pages 144-157.
    9. Ma, Ning & Meng, Fugui & Hong, Wenpeng & Li, Haoran & Niu, Xiaojuan, 2023. "Thermodynamic assessment of the dry-cooling supercritical Brayton cycle in a direct-heated solar power tower plant enabled by CO2-propane mixture," Renewable Energy, Elsevier, vol. 203(C), pages 649-663.
    10. Mostafavi Tehrani, S. Saeed & Taylor, Robert A., 2016. "Off-design simulation and performance of molten salt cavity receivers in solar tower plants under realistic operational modes and control strategies," Applied Energy, Elsevier, vol. 179(C), pages 698-715.
    11. Piña-Ortiz, A. & Hinojosa, J.F. & Pérez-Enciso, R.A. & Maytorena, V.M. & Calleja, R.A. & Estrada, C.A., 2019. "Thermal analysis of a finned receiver for a central tower solar system," Renewable Energy, Elsevier, vol. 131(C), pages 1002-1012.
    12. Jianfeng Lu & Yarong Wang & Jing Ding, 2020. "Nonuniform Heat Transfer Model and Performance of Molten Salt Cavity Receiver," Energies, MDPI, vol. 13(4), pages 1-19, February.
    13. Sun, Xue & Li, Xiaofei & Zeng, Jingxin & Song, Qiang & Yang, Zhen & Duan, Yuanyuan, 2023. "Energy and exergy analysis of a novel solar-hydrogen production system with S–I thermochemical cycle," Energy, Elsevier, vol. 283(C).
    14. Lim, Jin Han & Chinnici, Alfonso & Dally, Bassam B. & Nathan, Graham J., 2016. "Assessment of the potential benefits and constraints of a hybrid solar receiver and combustor operated in the MILD combustion regime," Energy, Elsevier, vol. 116(P1), pages 735-745.
    15. Rovense, Francesco & Reyes-Belmonte, Miguel Ángel & Romero, Manuel & González-Aguilar, José, 2022. "Thermo-economic analysis of a particle-based multi-tower solar power plant using unfired combined cycle for evening peak power generation," Energy, Elsevier, vol. 240(C).
    16. Kerme, Esa Dube & Orfi, Jamel & Fung, Alan S. & Salilih, Elias M. & Khan, Salah Ud-Din & Alshehri, Hassan & Ali, Emad & Alrasheed, Mohammed, 2020. "Energetic and exergetic performance analysis of a solar driven power, desalination and cooling poly-generation system," Energy, Elsevier, vol. 196(C).
    17. Chen, Rui & Romero, Manuel & González-Aguilar, José & Rovense, Francesco & Rao, Zhenghua & Liao, Shengming, 2022. "Optical and thermal integration analysis of supercritical CO2 Brayton cycles with a particle-based solar thermal plant based on annual performance," Renewable Energy, Elsevier, vol. 189(C), pages 164-179.
    18. Hu, Yeguang & Shen, Hao & Yao, Yingxue, 2018. "A novel sun-tracking and target-aiming method to improve the concentration efficiency of solar central receiver systems," Renewable Energy, Elsevier, vol. 120(C), pages 98-113.
    19. Xu, Li & Stein, Wesley & Kim, Jin-Soo & Wang, Zhifeng, 2018. "Three-dimensional transient numerical model for the thermal performance of the solar receiver," Renewable Energy, Elsevier, vol. 120(C), pages 550-566.
    20. Ho, Clifford K. & Iverson, Brian D., 2014. "Review of high-temperature central receiver designs for concentrating solar power," Renewable and Sustainable Energy Reviews, Elsevier, vol. 29(C), pages 835-846.
    21. Jayaraman, K. & Paramasivan, Lavinsaa & Kiumarsi, Shaian, 2017. "Reasons for low penetration on the purchase of photovoltaic (PV) panel system among Malaysian landed property owners," Renewable and Sustainable Energy Reviews, Elsevier, vol. 80(C), pages 562-571.
    22. Lim, Jin Han & Nathan, Graham J. & Hu, Eric & Dally, Bassam B., 2016. "Analytical assessment of a novel hybrid solar tubular receiver and combustor," Applied Energy, Elsevier, vol. 162(C), pages 298-307.
    23. Arias, I. & Cardemil, J. & Zarza, E. & Valenzuela, L. & Escobar, R., 2022. "Latest developments, assessments and research trends for next generation of concentrated solar power plants using liquid heat transfer fluids," Renewable and Sustainable Energy Reviews, Elsevier, vol. 168(C).
    24. Liang, Yaran & Lin, Xinxing & Su, Wen & Xing, Lingli & Zhou, Naijun, 2023. "Thermal-economic analysis of a novel solar power tower system with CO2-based mixtures at typical days of four seasons," Energy, Elsevier, vol. 276(C).
    25. Li, Ya-Qi & He, Ya-Ling & Wang, Zhi-Feng & Xu, Chao & Wang, Weiwei, 2012. "Exergy analysis of two phase change materials storage system for solar thermal power with finite-time thermodynamics," Renewable Energy, Elsevier, vol. 39(1), pages 447-454.
    26. Li, Y.Q. & He, Y.L. & Song, H.J. & Xu, C. & Wang, W.W., 2013. "Numerical analysis and parameters optimization of shell-and-tube heat storage unit using three phase change materials," Renewable Energy, Elsevier, vol. 59(C), pages 92-99.
    27. Zhang, Li & Fang, Jiabin & Wei, Jinjia & Yang, Guidong, 2017. "Numerical investigation on the thermal performance of molten salt cavity receivers with different structures," Applied Energy, Elsevier, vol. 204(C), pages 966-978.
    28. Wang, Kun & He, Ya-Ling & Qiu, Yu & Zhang, Yuwen, 2016. "A novel integrated simulation approach couples MCRT and Gebhart methods to simulate solar radiation transfer in a solar power tower system with a cavity receiver," Renewable Energy, Elsevier, vol. 89(C), pages 93-107.
    29. Linares, José I. & Montes, María J. & Cantizano, Alexis & Sánchez, Consuelo, 2020. "A novel supercritical CO2 recompression Brayton power cycle for power tower concentrating solar plants," Applied Energy, Elsevier, vol. 263(C).
    30. Yu, Qiang & Fu, Peng & Yang, Yihui & Qiao, Jiafei & Wang, Zhifeng & Zhang, Qiangqiang, 2020. "Modeling and parametric study of molten salt receiver of concentrating solar power tower plant," Energy, Elsevier, vol. 200(C).
    31. Wang, Kun & Li, Ming-Jia & Guo, Jia-Qi & Li, Peiwen & Liu, Zhan-Bin, 2018. "A systematic comparison of different S-CO2 Brayton cycle layouts based on multi-objective optimization for applications in solar power tower plants," Applied Energy, Elsevier, vol. 212(C), pages 109-121.
    32. Zhang, Qiangqiang & Li, Xin & Wang, Zhifeng & Chang, Chun & Liu, Hong, 2013. "Experimental and theoretical analysis of a dynamic test method for molten salt cavity receiver," Renewable Energy, Elsevier, vol. 50(C), pages 214-221.
    33. Alhussein Albarbar & Abdullah Arar, 2019. "Performance Assessment and Improvement of Central Receivers Used for Solar Thermal Plants," Energies, MDPI, vol. 12(16), pages 1-27, August.
    34. Gu, Rong & Ding, Jing & Wang, Yarong & Yuan, Qinquan & Wang, Weilong & Lu, Jianfeng, 2019. "Heat transfer and storage performance of steam methane reforming in tubular reactor with focused solar simulator," Applied Energy, Elsevier, vol. 233, pages 789-801.
    35. Amani, Madjid & Ghenaiet, Adel, 2020. "Novel hybridization of solar central receiver system with combined cycle power plant," Energy, Elsevier, vol. 201(C).
    36. Conroy, Tim & Collins, Maurice N. & Grimes, Ronan, 2020. "A review of steady-state thermal and mechanical modelling on tubular solar receivers," Renewable and Sustainable Energy Reviews, Elsevier, vol. 119(C).
    37. Zhe Dong & Yifei Pan & Zuoyi Zhang & Yujie Dong & Xiaojin Huang, 2017. "Modeling and Control of Fluid Flow Networks with Application to a Nuclear-Solar Hybrid Plant," Energies, MDPI, vol. 10(11), pages 1-21, November.
    38. Behar, Omar & Khellaf, Abdallah & Mohammedi, Kamal, 2013. "A review of studies on central receiver solar thermal power plants," Renewable and Sustainable Energy Reviews, Elsevier, vol. 23(C), pages 12-39.
    39. Guo, Jia-Qi & Li, Ming-Jia & He, Ya-Ling & Xu, Jin-Liang, 2019. "A study of new method and comprehensive evaluation on the improved performance of solar power tower plant with the CO2-based mixture cycles," Applied Energy, Elsevier, vol. 256(C).
    40. Sachdeva, Jatin & Singh, Onkar, 2019. "Thermodynamic analysis of solar powered triple combined Brayton, Rankine and organic Rankine cycle for carbon free power," Renewable Energy, Elsevier, vol. 139(C), pages 765-780.
    41. Chang, Zheshao & Li, Xin & Xu, Chao & Chang, Chun & Wang, Zhifeng, 2014. "Numerical simulation on the thermal performance of a solar molten salt cavity receiver," Renewable Energy, Elsevier, vol. 69(C), pages 324-335.
    42. Zhang, Maolong & Xu, Chao & Du, Xiaoze & Amjad, Muhammad & Wen, Dongsheng, 2017. "Off-design performance of concentrated solar heat and coal double-source boiler power generation with thermocline energy storage," Applied Energy, Elsevier, vol. 189(C), pages 697-710.
    43. Hachicha, Ahmed Amine & Yousef, Bashria A.A. & Said, Zafar & Rodríguez, Ivette, 2019. "A review study on the modeling of high-temperature solar thermal collector systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 112(C), pages 280-298.
    44. Zhou, Hao & Li, Yawei & Zuo, Yuhang & Zhou, Mingxi & Fang, Wenfeng & Zhu, Yifan, 2021. "Thermal performance and thermal stress analysis of a 600 MWth solar cylinder external receiver," Renewable Energy, Elsevier, vol. 164(C), pages 331-345.
    45. Wang, Wujun & Fan, Liwu & Laumert, Björn, 2021. "A theoretical heat transfer analysis of different indirectly-irradiated receiver designs for high-temperature concentrating solar power applications," Renewable Energy, Elsevier, vol. 163(C), pages 1983-1993.
    46. Shengchun Zhang & Zhifeng Wang, 2019. "Experimental and Numerical Investigations on the Fluidized Heat Absorption inside Quartz Glass and Metal Tubes," Energies, MDPI, vol. 12(5), pages 1-21, February.
    47. Wang, Kun & He, Ya-Ling & Zhu, Han-Hui, 2017. "Integration between supercritical CO2 Brayton cycles and molten salt solar power towers: A review and a comprehensive comparison of different cycle layouts," Applied Energy, Elsevier, vol. 195(C), pages 819-836.
    48. Zhang, Qiangqiang & Li, Xin & Wang, Zhifeng & Zhang, Jinbai & El-Hefni, Baligh & Xu, Li, 2015. "Modeling and simulation of a molten salt cavity receiver with Dymola," Energy, Elsevier, vol. 93(P2), pages 1373-1384.
    49. Liao, Zhirong & Li, Xin & Xu, Chao & Chang, Chun & Wang, Zhifeng, 2014. "Allowable flux density on a solar central receiver," Renewable Energy, Elsevier, vol. 62(C), pages 747-753.

  3. Chang, Chun & Yu, Xiaoyun, 2010. "Informational Efficiency and Liquidity Premium as the Determinants of Capital Structure," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 45(2), pages 401-440, April.

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    2. Tse-Chun Lin & Qi Liu & Bo Sun, 2015. "Contracting with Feedback," International Finance Discussion Papers 1143, Board of Governors of the Federal Reserve System (U.S.).
    3. Feng-Li Lin, 2020. "Do DJIA Firms Reflect Stationary Debt Ratios?," Economies, MDPI, vol. 8(4), pages 1-19, September.
    4. Vo, Minh T., 2021. "Capital structure and cost of capital when prices affect real investments," Journal of Economics and Business, Elsevier, vol. 113(C).
    5. Tran, Ly Thi Hai & Hoang, Thao Thi Phuong & Tran, Hoa Xuan, 2018. "Stock liquidity and ownership structure during and after the 2008 Global Financial Crisis: Empirical evidence from an emerging market," Emerging Markets Review, Elsevier, vol. 37(C), pages 114-133.
    6. Chaigneau, Pierre, 2023. "Capital Structure with Information about the Upside and the Downside," MPRA Paper 121397, University Library of Munich, Germany.
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    1. Bakke, Einar & Leite, Tore E. & Thorburn, Karin S., 2017. "Partial adjustment to public information in the pricing of IPOs," Journal of Financial Intermediation, Elsevier, vol. 32(C), pages 60-75.
    2. Chen Su, 2018. "The efficiency of IPO issuing mechanisms and market conditions: evidence in China," Review of Quantitative Finance and Accounting, Springer, vol. 51(2), pages 461-495, August.
    3. Low, Soo-Wah & Yong, Othman, 2011. "Explaining over-subscription in fixed-price IPOs -- Evidence from the Malaysian stock market," Emerging Markets Review, Elsevier, vol. 12(3), pages 205-216, September.
    4. Hanafi, Mamduh M., 2021. "Fixed price and book building methods in an exogenous environment: Evidence from Indonesia stock market," Research in International Business and Finance, Elsevier, vol. 58(C).
    5. Wang, Wei & Yung, Chris, 2021. "IPO quantity revisions," Journal of Banking & Finance, Elsevier, vol. 132(C).
    6. Vdovychenko, Artem, 2012. "Динамика Ликвидности На Рынке Первичных Публичных Размещений [Liquidity dynamics on initial public offerings market]," MPRA Paper 69428, University Library of Munich, Germany.
    7. Arnab Bhattacharya & Binay Bhushan Chakrabarti, 2014. "An Examination of Adverse Selection Risk in Indian IPO After-Markets using High Frequency Data," International Journal of Economic Sciences, Prague University of Economics and Business, vol. 2014(3), pages 01-49.
    8. Helbing, Pia, 2019. "A review on IPO withdrawal," International Review of Financial Analysis, Elsevier, vol. 62(C), pages 200-208.
    9. Autore, Don M. & Boulton, Thomas J. & Smart, Scott B. & Zutter, Chad J., 2014. "The impact of institutional quality on initial public offerings," Journal of Economics and Business, Elsevier, vol. 73(C), pages 65-96.
    10. Petkevich, Alex & Samdani, Taufique, 2022. "The equilibrium prices of auction IPO securities: Empirical evidence," Journal of Financial Markets, Elsevier, vol. 57(C).

  5. John Boyd & Chun Chang & Bruce Smith, 2004. "Deposit insurance and bank regulation in a monetary economy: a general equilibrium exposition," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 24(4), pages 741-767, November.

    Cited by:

    1. Jonathan Carroll & Shino Takayama, 2014. "A hierarchical agency model of deposit insurance," Annals of Finance, Springer, vol. 10(2), pages 267-290, May.
    2. Volker Britz & Hans Gersbach & Hans Haller, 2021. "Deposit insurance and reinsurance," Annals of Finance, Springer, vol. 17(4), pages 425-470, December.
    3. Skeie, David R., 2008. "Banking with nominal deposits and inside money," Journal of Financial Intermediation, Elsevier, vol. 17(4), pages 562-584, October.
    4. Antoine Martin, 2001. "Liquidity provision vs. deposit insurance : preventing bank panics without moral hazard?," Research Working Paper RWP 01-05, Federal Reserve Bank of Kansas City.
    5. Kai Ding & Enoch Hill & David Perez-Reyna, 2021. "Optimal capital requirements with noisy signals on banking risk," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(4), pages 1649-1687, June.
    6. Ms. Elena Loukoianova & Mr. Gianni De Nicolo & John H. Boyd, 2009. "Banking Crises and Crisis Dating: Theory and Evidence," IMF Working Papers 2009/141, International Monetary Fund.
    7. cho, hyejin, 2014. "bank capital regulation model," MPRA Paper 54365, University Library of Munich, Germany.
    8. Boyd, John H. & De Nicolò, Gianni & Rodionova, Tatiana, 2019. "Banking crises and crisis dating: Disentangling shocks and policy responses," Journal of Financial Stability, Elsevier, vol. 41(C), pages 45-54.

  6. Chun Chang & Xiaoyun Yu, 2004. "Investment Opportunities, Liquidity Premium, and Conglomerate Mergers," The Journal of Business, University of Chicago Press, vol. 77(1), pages 45-74, January.

    Cited by:

    1. Zhang Mingli & Zhang Yijie & Qin Simeng & Gong Juhong, 2022. "Empirical study on the impact of major asset restructuring on the price of sub‐new stocks in Chinese A‐shares," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(1), pages 1461-1472, January.
    2. Benveniste, Lawrence M. & Fu, Huijing & Seguin, Paul J. & Yu, Xiaoyun, 2008. "On the anticipation of IPO underpricing: Evidence from equity carve-outs," Journal of Corporate Finance, Elsevier, vol. 14(5), pages 614-629, December.
    3. Vo, Minh T., 2021. "Capital structure and cost of capital when prices affect real investments," Journal of Economics and Business, Elsevier, vol. 113(C).

  7. Chang, Chun & McCall, Brian P. & Wang, Yijiang, 2003. "Incentive contracting versus ownership reforms: evidence from China's township and village enterprises," Journal of Comparative Economics, Elsevier, vol. 31(3), pages 414-428, September.

    Cited by:

    1. Kato, Takao & Long, Cheryl, 2005. "Executive Compensation, Firm Performance, and Corporate Governance in China: Evidence from Firms Listed in the Shanghai and Shenzhen Stock Exchanges," IZA Discussion Papers 1767, Institute of Labor Economics (IZA).
    2. Pradeep Kautish, 2010. "Study On Impact Of Environmental Change On Selected Public Sector Enterprises In India," Romanian Economic Business Review, Romanian-American University, vol. 5(2), pages 68-88, June.
    3. Mugisha, Silver, 2007. "Effects of incentive applications on technical efficiencies: Empirical evidence from Ugandan water utilities," Utilities Policy, Elsevier, vol. 15(4), pages 225-233, December.
    4. Ito, Junichi, 2006. "Economic and institutional reform packages and their impact on productivity: A case study of Chinese township and village enterprises," Journal of Comparative Economics, Elsevier, vol. 34(1), pages 167-190, March.
    5. Zhang, Anming & Zhang, Yimin & Zhao, Ronald, 2002. "Profitability and productivity of Chinese industrial firms: Measurement and ownership implications," China Economic Review, Elsevier, vol. 13(1), pages 65-88.
    6. Zhan, Shaohua, 2015. "From Privatization to Deindustrialization: Implications of Chinese Rural Industry and the Ownership Debate Revisited," World Development, Elsevier, vol. 74(C), pages 108-122.
    7. Takao Kato & Cheryl Long, 2004. "Executive Compensation, Firm Performance, and State Ownership in China: Evidence from New Panel Data," William Davidson Institute Working Papers Series 2004-690, William Davidson Institute at the University of Michigan.
    8. Fleisher, Belton M. & Wang, Xiaojun, 2003. "Potential residual and relative wages in Chinese township and village enterprises," Journal of Comparative Economics, Elsevier, vol. 31(3), pages 429-443, September.
    9. Kato, Takao & Long, Cheryl, 2006. "CEO Turnover, Firm Performance and Enterprise Reform in China: Evidence from New Micro Data," IZA Discussion Papers 1914, Institute of Labor Economics (IZA).
    10. Michael Webber, 2012. "Making Capitalism in Rural China," Books, Edward Elgar Publishing, number 14446.
    11. Xincai Gao & Zhongyang Ji & Fayyaz Ahmad & Muhammad Umar Draz, 2019. "Financial Support and Growth of Township and Village Enterprises in China: Fresh Evidence From Regional Analyses," SAGE Open, , vol. 9(2), pages 21582440198, June.
    12. Kato, Takao & Long, Cheryl, 2006. "CEO turnover, firm performance, and enterprise reform in China: Evidence from micro data," Journal of Comparative Economics, Elsevier, vol. 34(4), pages 796-817, December.
    13. Xu, Cheng-Gang, 2010. "The Institutional Foundations of China?s Reforms and Development," CEPR Discussion Papers 7654, C.E.P.R. Discussion Papers.
    14. Dong, Xiao-yuan & Putterman, Louis & Unel, Bulent, 2006. "Privatization and firm performance: A comparison between rural and urban enterprises in China," Journal of Comparative Economics, Elsevier, vol. 34(3), pages 608-633, September.
    15. Sangeetha Gunasekar & Jayati Sarkar, 2014. "Does autonomy matter in state owned enterprises? Evidence from performance contracts in India," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2014-034, Indira Gandhi Institute of Development Research, Mumbai, India.
    16. Zheng, Lucy & Batuo, Michael Enowbi & Shepherd, David, 2017. "The Impact of Regional and Institutional Factors on Labor Productive Performance—Evidence from the Township and Village Enterprise Sector in China," World Development, Elsevier, vol. 96(C), pages 591-598.
    17. Sandeep Mohapatra & Rachael Goodhue & Scott Rozelle, 2008. "Incentive Complementarity in China’s Rural Enterprises," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 33(1), pages 63-79, August.

  8. Chun Chang, 2003. "Progress and peril in China's modern economy," The Region, Federal Reserve Bank of Minneapolis, vol. 17(Dec), pages 26-30.

    Cited by:

    1. Giovanni Ferri, 2008. "Banking In China: Are New Tigers Supplanting the Mammoths?," Working Papers 052008, Hong Kong Institute for Monetary Research.

  9. Boyd, John H. & Chang, Chun & Smith, Bruce D., 2002. "Deposit insurance: a reconsideration," Journal of Monetary Economics, Elsevier, vol. 49(6), pages 1235-1260, September.
    See citations under working paper version above.
  10. Chang, Chun & Fleisher, Belton M. & Parker, Elliott, 2001. "The impact of China's entry into the WTO: Overview," China Economic Review, Elsevier, vol. 11(4), pages 319-322.

    Cited by:

    1. Vennemo, Haakon & Aunan, Kristin & He, Jianwu & Hu, Tao & Li, Shantong & Rypd3al, Kristin, 2008. "Environmental impacts of China's WTO-accession," Ecological Economics, Elsevier, vol. 64(4), pages 893-911, February.
    2. Cheung, Yin-Wong & Chinn, Menzie David & Fujii, Eiji, 2003. "China, Hong Kong, and Taiwan: A Quantitative Assessment of Real and Financial Integration," Santa Cruz Department of Economics, Working Paper Series qt13d9m8jv, Department of Economics, UC Santa Cruz.

  11. Chun Chang & Yijiang Wang, 2000. "Choosing between Up-or-Out and Spot Contracts: Human Capital Investment versus Job-Matching Considerations," Annals of Economics and Finance, Society for AEF, vol. 1(1), pages 189-210, May.

    Cited by:

    1. Ping Yan, 2011. "Optimal Unemployment Insurance with Endogenous Search Effort," Annals of Economics and Finance, Society for AEF, vol. 12(2), pages 347-369, November.

  12. Chang, Chun, 1999. "Capital structure as optimal contracts," The North American Journal of Economics and Finance, Elsevier, vol. 10(2), pages 363-385.

    Cited by:

    1. Boyd, John H. & Hakenes, Hendrik, 2014. "Looting and risk shifting in banking crises," Journal of Economic Theory, Elsevier, vol. 149(C), pages 43-64.
    2. Vo, Xuan Vinh, 2017. "Determinants of capital structure in emerging markets: Evidence from Vietnam," Research in International Business and Finance, Elsevier, vol. 40(C), pages 105-113.
    3. Santos, Joao C., 1997. "Debt and equity as optimal contracts," Journal of Corporate Finance, Elsevier, vol. 3(4), pages 355-366, December.
    4. Anwar, Sajid & Sun, Sizhong, 2015. "Can the presence of foreign investment affect the capital structure of domestic firms?," Journal of Corporate Finance, Elsevier, vol. 30(C), pages 32-43.
    5. Dejan Malinić & Ksenija DenÄ ić-Mihajlov & Ema Ljubenović, 2013. "The Determinants of Capital Structure in Emerging Capital Markets: Evidence from Serbia," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 98-119.
    6. Trigilia, Giulio, 2016. "Optimal Leverage and Strategic Disclosure," Economic Research Papers 269584, University of Warwick - Department of Economics.
    7. Bougheas, Spiros, 2007. "Imperfect capital markets, income distribution and the choice of external finance: A financial equilibrium approach," The Quarterly Review of Economics and Finance, Elsevier, vol. 47(4), pages 507-520, September.
    8. Krishnankutty, Raveesh & Chakraborty, Kiran Shankar, 2013. "Determinants of debt capital in Indian corporate sector: a quantile regression analysis," MPRA Paper 48307, University Library of Munich, Germany.
    9. Chan, Chia-Chung & Lin, Bing-Huei & Chang, Yung-Ho & Liao, Wei-Chen, 2013. "Does bank relationship matter for corporate risk-taking? Evidence from listed firms in Taiwan," The North American Journal of Economics and Finance, Elsevier, vol. 26(C), pages 323-338.
    10. Huang, Guihai & Song, Frank M., 2006. "The determinants of capital structure: Evidence from China," China Economic Review, Elsevier, vol. 17(1), pages 14-36.
    11. Trigilia, Giulio, 2016. "Optimal Leverage and Strategic Disclosure," CRETA Online Discussion Paper Series 18, Centre for Research in Economic Theory and its Applications CRETA.
    12. Firano, Zakaria & Filali adib, Fatine, 2022. "Optimal Capital structure and financial stability," MPRA Paper 115790, University Library of Munich, Germany, revised 2022.
    13. Trigilia, Giulio, 2016. "Optimal Leverage and Strategic Disclosure," The Warwick Economics Research Paper Series (TWERPS) 1111, University of Warwick, Department of Economics.
    14. Mr. Gianni De Nicolo & John H. Boyd, 2003. "Bank Risk-Taking and Competition Revisited," IMF Working Papers 2003/114, International Monetary Fund.

  13. John H. Boyd & Chun Chang & Bruce Smith, 1998. "Moral hazard under commercial and universal banking," Proceedings, Federal Reserve Bank of Cleveland, issue Aug, pages 426-471.
    See citations under working paper version above.
  14. Wang, Yijiang & Chang, Chun, 1998. "Economic transition under a semifederalist government: The experience of China," China Economic Review, Elsevier, vol. 9(1), pages 1-23.

    Cited by:

    1. Zhang, Yaoyu & Wu, Chenye & Gu, Nan & Yu, Yang, 2022. "The robustness of low-carbon policies during China’s electricity reform," Energy Economics, Elsevier, vol. 111(C).
    2. Xia, Jun & Li, Shaomin & Long, Cheryl, 2009. "The Transformation of Collectively Owned Enterprises and its Outcomes in China, 2001-05," World Development, Elsevier, vol. 37(10), pages 1651-1662, October.
    3. Nhu Tuyên Le & Marc de Bourmont & Olivier Vidal, 2011. "La perception des changements comptables par les acteurs : le cas du Viêt-Nam," Post-Print hal-02104096, HAL.
    4. Tao, Zhigang & Zhu, Tian, 2001. "An agency theory of transactions without contract enforcement: The case of China," China Economic Review, Elsevier, vol. 12(1), pages 1-14.
    5. Nhu Tuyên Le & Marc de Bourmont & Olivier Vidal, 2011. "La perception des changements comptables par les acteurs : le cas du Viêt-Nam," Grenoble Ecole de Management (Post-Print) hal-02104096, HAL.
    6. Nhu Tuyên Lê & Marc de Bourmont & Olivier Vidal, 2011. "La perception des changements comptables par les acteurs : le cas du Viêt-Nam," Post-Print hal-00650545, HAL.
    7. Nhu Tuyên Lê & Marc de Bourmont & Olivier Vidal, 2011. "La perception des changements comptables par les acteurs : le cas du Viêt-Nam," Grenoble Ecole de Management (Post-Print) hal-00650545, HAL.
    8. Ping Yung & Lawrence W C Lai, 2009. "Quality Assurance in Construction by Independent Experts: A Case Study of the Efficiency Performance of State-Owned Enterprises in China," Environment and Planning B, , vol. 36(4), pages 682-697, August.
    9. Zhou, Huizhong, 2000. "Fiscal decentralization and the development of the tobacco industry in China," China Economic Review, Elsevier, vol. 11(2), pages 114-133, December.

  15. Chang, Chun & Wang, Yijiang, 1996. "Human Capital Investment under Asymmetric Information: The Pigovian Conjecture Revisited," Journal of Labor Economics, University of Chicago Press, vol. 14(3), pages 505-519, July.

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    1. Pfeifer, Christian, 2013. "Intra-firm Wage Compression and Cost Coverage of Training: Evidence from Linked Employer-Employee Data," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 80030, Verein für Socialpolitik / German Economic Association.
    2. Achyuta Adhvaryu & Namrata Kala & Anant Nyshadham, 2018. "The Skills to Pay the Bills: Returns to On-the-job Soft Skills Training," NBER Working Papers 24313, National Bureau of Economic Research, Inc.
    3. Daron Acemoglu & Jorn-Steffen Pischke, 1998. "The Structure of Wages and Investment in General Training," NBER Working Papers 6357, National Bureau of Economic Research, Inc.
    4. Ian Jewitt & Clare Leaver & Heski Bar-Isaac, 2007. "Information and Human Capital Management," Economics Series Working Papers 367, University of Oxford, Department of Economics.
    5. Philippe Lemistre & Jean-Michel Plassard, 2002. "Stratégies de mobilité et rendements de l'ancienneté en France," Économie et Prévision, Programme National Persée, vol. 155(4), pages 45-60.
    6. Backman, Mikaela & Gabe, Todd & Mellander, Charlotta, 2014. "Effects Of Human Capital On The Growth And Survival Of Swedish Businesses," Working Paper Series in Economics and Institutions of Innovation 354, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    7. Martinsson, Gustav, 2008. "Firm Collateral and the Cyclicality of Knowledge Intensity," Working Paper Series in Economics and Institutions of Innovation 134, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    8. Steffes, Susanne & Warnke, Arne Jonas, 2019. "Determinants of work-related training: An investigation of observed and unobserved firm-, job- and worker-heterogeneity," ZEW Discussion Papers 19-022, ZEW - Leibniz Centre for European Economic Research.
    9. Filipe Almeida‐Santos & Karen A. Mumford, 2004. "Employee Training in Australia: Evidence from AWIRS," The Economic Record, The Economic Society of Australia, vol. 80(s1), pages 53-64, September.
    10. Felipe Balmaceda & Paola Sevilla, "undated". "Invirtiendo en Entrenamiento General: El Programa de Formación Dual," ILADES-UAH Working Papers inv136, Universidad Alberto Hurtado/School of Economics and Business.
    11. David H. Autor, 2001. "Why Do Temporary Help Firms Provide Free General Skills Training?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 116(4), pages 1409-1448.
    12. van den Berg, Gerard J. & Dauth, Christine & Homrighausen, Pia & Stephan, Gesine, 2018. "Informing Employees in Small and Medium Sized Firms about Training: Results of a Randomized Field Experiment," IZA Discussion Papers 11963, Institute of Labor Economics (IZA).
    13. Carolyn Pitchik & Aloysius Siow, 1997. "Self-Promoting Investments," Working Papers pitchik-97-01, University of Toronto, Department of Economics.
    14. Daniel Ferreira & Radoslawa Nikolowa, 2015. "Misallocation of Talent in Competitive Labor Markets," Working Papers 740, Queen Mary University of London, School of Economics and Finance.
    15. Poege, Felix & Gaessler, Fabian & Hoisl, Karin & Harhoff, Dietmar & Dorner, Matthias, 2022. "Filling the Gap: The Consequences of Collaborator Loss in Corporate R&D," Rationality and Competition Discussion Paper Series 340, CRC TRR 190 Rationality and Competition.
    16. Dorner, Matthias & Görlitz, Katja, 2020. "Training, wages and a missing school graduation cohort," IAB-Discussion Paper 202028, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    17. Arulampalam, Wiji & Alison L Booth & Mark L Bryan, 2003. "Work-related Training and the New National Minimum Wage in Britain," Royal Economic Society Annual Conference 2003 9, Royal Economic Society.
    18. Radu Vranceanu & Angela Sutan, 2023. "Should the firm or the employee pay for upskilling? A contract theory approach," Post-Print hal-03834832, HAL.
    19. Katja Görlitz & Marcus Tamm, 2016. "Revisiting the complementarity between education and training -- the role of job tasks and firm effects," Education Economics, Taylor & Francis Journals, vol. 24(3), pages 261-279, June.
    20. Mühlemann, Samuel & Ryan, Paul & Wolter, Stefan C., 2011. "Monopsony Power, Pay Structure and Training," IZA Discussion Papers 5587, Institute of Labor Economics (IZA).
    21. Centeno, Mário & Corrêa, Márcio, 2010. "Job matching, technological progress, and worker-provided on-the-job training," Economics Letters, Elsevier, vol. 109(3), pages 190-192, December.
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    23. Rao, Neel, 2015. "General training in labor markets: Common value auctions with unobservable investment," Journal of Economic Behavior & Organization, Elsevier, vol. 120(C), pages 19-45.
    24. Francisca Bremberger & Rudolf Hochholzer & Petr Huber, 2016. "Labour turnover, employment density and employer provided training: Evidence from Vienna," MENDELU Working Papers in Business and Economics 2016-59, Mendel University in Brno, Faculty of Business and Economics.
    25. Marco Caliendo & Deborah Cobb-Clark & Cosima Obst & Helke Seitz & Arne Uhlendorff, 2022. "Locus of Control and Investment in Training," Post-Print hal-04354618, HAL.
    26. Suman Ghosh & Michael Waldman, 2006. "Standard Promotion Practices Versus Up-Or-Out Contracts," Working Papers 06007, Department of Economics, College of Business, Florida Atlantic University.
    27. Waldman, Michael, 2007. "Theory and evidence in internal labor markets," MPRA Paper 5113, University Library of Munich, Germany.
    28. Sevilir, Merih, 2010. "Human capital investment, new firm creation and venture capital," Journal of Financial Intermediation, Elsevier, vol. 19(4), pages 483-508, October.
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    31. Edward P. Lazear, 2003. "Firm-Specific Human Capital: A Skill-Weights Approach," NBER Working Papers 9679, National Bureau of Economic Research, Inc.
    32. Alison L. Booth & Pamela Katic, 2011. "Men at Work in a Land Down‐Under: Testing Some Predictions of Human Capital Theory," British Journal of Industrial Relations, London School of Economics, vol. 49(1), pages 1-24, March.
    33. Filipe Almeida-Santos & Karen Mumford, "undated". "Employee Training and Wage Compression in Britain," Discussion Papers 04/11, Department of Economics, University of York.
    34. Picchio, Matteo & van Ours, Jan C., 2011. "Market imperfections and firm-sponsored training," Labour Economics, Elsevier, vol. 18(5), pages 712-722, October.
    35. Hanming Fang & Alessandro Gavazza, 2010. "Dynamic Inefficiencies in an Employment-Based Health Insurance System: Theory and Evidence," Working Papers 10-01, Duke University, Department of Economics.
    36. Heski Bar‐Isaac & Clare Leaver, 2022. "Training, Recruitment, and Outplacement as Endogenous Adverse Selection," Economica, London School of Economics and Political Science, vol. 89(356), pages 849-861, October.
    37. Michael Waldman & Ori Zax, 2016. "An Exploration of the Promotion Signaling Distortion," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 32(1), pages 119-149.
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    39. Cronin, Christopher J. & Lieber, Ethan M.J., 2024. "The demand for skills training among Medicaid home-based caregivers," Journal of Health Economics, Elsevier, vol. 95(C).
    40. Kornelius Kraft & Julia Lang, 2013. "Profit Sharing and Training," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 75(6), pages 940-961, December.
    41. Hans Gersbach & Armin Schmutzler, 2002. "A Product Market Theory of Worker Training," SOI - Working Papers 0214, Socioeconomic Institute - University of Zurich, revised Jan 2003.
    42. Ceausescu Ionut, 2013. "Theoretical And Practical Considerations Regarding The Importance Of Investment In Technology And Information In The Process Of Economic Growth," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 124-127, February.
    43. Maria De Paola & Vincenzo Scoppa, 2002. "Firms' Training Decisions and Unemployment in Italian Labour Markets," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 61(1), pages 103-126, June.
    44. Lisa B. Kahn, 2013. "Asymmetric Information between Employers," American Economic Journal: Applied Economics, American Economic Association, vol. 5(4), pages 165-205, October.
    45. W. Smits, 2006. "The Quality of Apprenticeship Training," Education Economics, Taylor & Francis Journals, vol. 14(3), pages 329-344.
    46. Limor Golan, 2005. "Counteroffers and Efficiency in Labor Markets with Asymmetric Information," Journal of Labor Economics, University of Chicago Press, vol. 23(2), pages 373-393, April.
    47. Stefan Bauernschuster & Oliver Falck & Stephan Heblich, 2008. "The Impact of Continuous Training on a Firm's Innovations," Economics of Education Working Paper Series 0024, University of Zurich, Department of Business Administration (IBW).
    48. Thomas J. Carter, 2021. "Delayed firm‐paid general training," Southern Economic Journal, John Wiley & Sons, vol. 87(3), pages 937-951, January.
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    52. Clark, Damon & Fahr, Rene, 2002. "The promise of workplace training for non-college bound youth: theory and evidence from German apprenticeship," LSE Research Online Documents on Economics 20092, London School of Economics and Political Science, LSE Library.
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    97. Pfeifer, Christian, 2009. "An Intra-Firm Perspective on Wage Profiles and Employment of Older Workers with Special Reference to Human Capital and Deferred Compensation," Hannover Economic Papers (HEP) dp-413, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    98. Kameshwari Shankar & Suman Ghosh, 2005. "Favorable Selection in the Labor Market: A Theory of Worker Mobility in R&D Intensive Industries," Working Papers 05006, Department of Economics, College of Business, Florida Atlantic University.
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    Cited by:

    1. Bala, Venkatesh & Sorger, Gerhard, 1998. "The evolution of human capital in an interacting agent economy," Journal of Economic Behavior & Organization, Elsevier, vol. 36(1), pages 85-108, July.
    2. Radu Vranceanu & Angela Sutan, 2023. "Should the firm or the employee pay for upskilling? A contract theory approach," Post-Print hal-03834832, HAL.
    3. Chong-En Bai & Yijiang Wang, 2003. "Uncertainty in Labor Productivity and Specific Human Capital Investment," Journal of Labor Economics, University of Chicago Press, vol. 21(3), pages 651-676, July.
    4. Waldman, Michael, 2007. "Theory and evidence in internal labor markets," MPRA Paper 5113, University Library of Munich, Germany.
    5. Jens MohrenweiserBy & Gabriele Wydra-Somaggio & Thomas Zwick, 2020. "Information advantages of training employers despite credible training certificates," Oxford Economic Papers, Oxford University Press, vol. 72(3), pages 651-671.
    6. Ishida, Junichiro, 2004. "Signaling and strategically delayed promotion," Labour Economics, Elsevier, vol. 11(6), pages 687-700, December.
    7. Picchio, Matteo & van Ours, Jan C., 2011. "Market imperfections and firm-sponsored training," Labour Economics, Elsevier, vol. 18(5), pages 712-722, October.
    8. Hanming Fang & Alessandro Gavazza, 2010. "Dynamic Inefficiencies in an Employment-Based Health Insurance System: Theory and Evidence," Working Papers 10-01, Duke University, Department of Economics.
    9. Hans Gersbach & Armin Schmutzler, 2002. "A Product Market Theory of Worker Training," SOI - Working Papers 0214, Socioeconomic Institute - University of Zurich, revised Jan 2003.
    10. Hodaka Morita, 2002. "Multiskilling, Delegation, and Continuous Process Improvement: A Comparative Analysis of U.S.-Japanese Work Organizations," Labor and Demography 0207004, University Library of Munich, Germany.
    11. Lisa B. Kahn, 2013. "Asymmetric Information between Employers," American Economic Journal: Applied Economics, American Economic Association, vol. 5(4), pages 165-205, October.
    12. Anke S. Kessler & Christoph Lülfesmann, 2006. "The Theory of Human Capital Revisited: on the Interaction of General and Specific Investments," Economic Journal, Royal Economic Society, vol. 116(514), pages 903-923, October.
    13. Edwin Leuven, 2005. "The Economics of Private Sector Training: A Survey of the Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 19(1), pages 91-111, February.
    14. Cooper, David P., 2001. "Innovation and reciprocal externalities: information transmission via job mobility," Journal of Economic Behavior & Organization, Elsevier, vol. 45(4), pages 403-425, August.
    15. Mohrenweiser, Jens & Wydra-Sommaggio, Gaby & Zwick, Thomas, 2015. "Work-related ability as source of information advantages of training employers," ZEW Discussion Papers 15-057, ZEW - Leibniz Centre for European Economic Research.
    16. Tina Hinz & Jens Mohrenweiser, 2019. "Competition, Institutions and Company-sponsored Training," Economics of Education Working Paper Series 0162, University of Zurich, Department of Business Administration (IBW).
    17. MORITA, Hodaka & TANG, Cheng-Tao, 2017. "Asset Specificity, Human Capital Acquisition, and Labor Market Competition," Discussion paper series HIAS-E-42, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
    18. H. Lasram & Didier G. Laussel, 2016. "Is firm-sponsored training a palliative? A common agency approach," Post-Print hal-01448234, HAL.
    19. Yijiang Wang, "undated". "Product Market Conditions and Job Design," Working Papers 0402, Human Resources and Labor Studies, University of Minnesota (Twin Cities Campus).
    20. Achyuta Adhvaryu & Teresa Molina & Anant Nyshadham, 2019. "Expectations, Wage Hikes, and Worker Voice: Evidence from a Field Experiment," NBER Working Papers 25866, National Bureau of Economic Research, Inc.
    21. Gersbach, Hans & Schmutzler, Armin, 2005. "The Effects of Globalization on Worker Training," CEPR Discussion Papers 4879, C.E.P.R. Discussion Papers.
    22. Mitkova, Mariya, 2020. "Social Optimum in a Model with Hierarchical Firms and Endogenous Promotion Time," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224589, Verein für Socialpolitik / German Economic Association.
    23. Julie Anderson Schaffner, 2001. "Turnover and Job Training in Developing and Developed Countries: Evidence from Colombia and the United States," Boston University - Department of Economics - The Institute for Economic Development Working Papers Series dp-115, Boston University - Department of Economics.
    24. Robert Gibbons, 1996. "Incentives and Careers in Organizations," NBER Working Papers 5705, National Bureau of Economic Research, Inc.
    25. Orellano, Veronica I. F. & Picchetti, Paulo, 2005. "An Analysis of Quit and Dismissal Determinants between 1988 and 1999 using the Bivariate Probit Model," Brazilian Review of Econometrics, Sociedade Brasileira de Econometria - SBE, vol. 25(1), May.
    26. Scoones, David & Bernhardt, Dan, 1998. "Promotion, Turnover, and Discretionary Human Capital Acquisition," Journal of Labor Economics, University of Chicago Press, vol. 16(1), pages 122-141, January.
    27. Prasad, Suraj & Tran, Hien, 2013. "Work practices, incentives for skills, and training," Labour Economics, Elsevier, vol. 23(C), pages 66-76.
    28. Singh Tomar, Ashish, 2022. "The Socio-Economic Challenges Facing Asia Due to Insufficient Earnings and Employment," MPRA Paper 115540, University Library of Munich, Germany.

  17. Chang Chun & Wang Yijiang, 1994. "The Nature of the Township-Village Enterprise," Journal of Comparative Economics, Elsevier, vol. 19(3), pages 434-452, December.

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    1. Peter Li, 2009. "The Duality of Crony Corruption in Economic Transition: Toward an Integrated Framework," Journal of Business Ethics, Springer, vol. 85(1), pages 41-55, March.
    2. Jiahua Che & Yingyi Qian, 1997. "Insecure Property rights and Government Ownership of Firms," William Davidson Institute Working Papers Series 51, William Davidson Institute at the University of Michigan.
    3. Tian, Lihui & Estrin, Saul, 2005. "Retained State Shareholding in Chinese PLCs: Does Government Ownership Reduce Corporate Value?," IZA Discussion Papers 1493, Institute of Labor Economics (IZA).
    4. Wang, Yijiang & Chang, Chun, 1998. "Economic transition under a semifederalist government: The experience of China," China Economic Review, Elsevier, vol. 9(1), pages 1-23.
    5. Zhu, Tian, 1998. "A theory of contract and ownership choice in public enterprises under reformed socialism: The case of China's TVEs," China Economic Review, Elsevier, vol. 9(1), pages 59-71.
    6. Xu, Chenggang & Zhang, Xiaobo, 2009. "The evolution of Chinese entrepreneurial firms: Township-village enterprises revisited," IFPRI discussion papers 854, International Food Policy Research Institute (IFPRI).
    7. V N Balasubramanyam & X Fu, 2002. "Township and village enterprises in China," Working Papers 539923, Lancaster University Management School, Economics Department.
    8. Xiangming Fang & Rodney Smith, 2008. "Barriers to Efficiency and the Privatisation of Township-Village Enterprises," Journal of Development Studies, Taylor & Francis Journals, vol. 44(3), pages 409-424.
    9. Yingyi Qian, 2002. "How Reform Worked in China," William Davidson Institute Working Papers Series 473, William Davidson Institute at the University of Michigan.
    10. Cao, Kang Hua & Birchenall, Javier A., 2013. "Agricultural productivity, structural change, and economic growth in post-reform China," Journal of Development Economics, Elsevier, vol. 104(C), pages 165-180.
    11. Hongbin Li & Lingsheng Meng & Junsen Zhang, 2005. "Why Do Entrepreneurs Enter Politics?," Discussion Papers 00009, Chinese University of Hong Kong, Department of Economics.
    12. Jihua Che, 2002. "Rent Seeking and Government Ownership of Firms: An Application to China???s Township-Village Enterprises," William Davidson Institute Working Papers Series 497, William Davidson Institute at the University of Michigan.
    13. Chang, C. & Liao, G. & Yu, X. & Ni, Z., 2009. "Information from Relationship Lending : Evidence from China," Other publications TiSEM 9ef448b0-b647-4a71-96e9-5, Tilburg University, School of Economics and Management.
    14. Guo, Di & Jiang, Kun & Xu, Chenggang & Yang, Xiyi, 2022. "Industrial clustering, income and inequality in rural China," World Development, Elsevier, vol. 154(C).
    15. Jiahua Che & Yingyi Qian, "undated". "Institutional Environment, Community Government, and Corporate Governance: Understanding China's Township-Village Enterprises," Working Papers 97043, Stanford University, Department of Economics.
    16. Lu, Jiangyong & Tao, Zhigang & Yang, Zhi, 2010. "The costs and benefits of government control: Evidence from China's collectively-owned enterprises," China Economic Review, Elsevier, vol. 21(2), pages 282-292, June.
    17. Chun Chang Yijiang Wang & Brian McCall & Yijiang Wang, 2000. "Incentive Contracting versus Ownership Reforms: Evidence from China's Township and Village Enterprises," William Davidson Institute Working Papers Series 365, William Davidson Institute at the University of Michigan.
    18. Jeffrey Sachs & Wing Thye Woo & Xiaokai Yang, 2000. "Economic Reforms and Constitutional Transition," Annals of Economics and Finance, Society for AEF, vol. 1(2), pages 423-479, November.
    19. Ito, Junichi, 2006. "Economic and institutional reform packages and their impact on productivity: A case study of Chinese township and village enterprises," Journal of Comparative Economics, Elsevier, vol. 34(1), pages 167-190, March.
    20. Anthony Gar-On Yeh & Zifeng Chen, 2020. "From cities to super mega city regions in China in a new wave of urbanisation and economic transition: Issues and challenges," Urban Studies, Urban Studies Journal Limited, vol. 57(3), pages 636-654, February.
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    22. Loren Brandt & Hongbin Li & Joanne Roberts, 2004. "Why Do Governments Privatize?," Discussion Papers 00007, Chinese University of Hong Kong, Department of Economics.
    23. Fantazzini, Dean & DeGiuli, Maria Elena & Figini, Silvia & Giudici, Paolo, 2009. "Enhanced credit default models for heterogeneous SME segments," Journal of Financial Transformation, Capco Institute, vol. 25, pages 31-39.
    24. Zhan, Shaohua, 2015. "From Privatization to Deindustrialization: Implications of Chinese Rural Industry and the Ownership Debate Revisited," World Development, Elsevier, vol. 74(C), pages 108-122.
    25. Choe, Chongwoo & Yin, Xiangkang, 2000. "Contract management responsibility system and profit incentives in China's state-owned enterprises," China Economic Review, Elsevier, vol. 11(1), pages 98-112.
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    50. Cull, Robert & Xu, Lixin Colin & Yang, Xi & Zhou, Li-An & Zhu, Tian, 2013. "Market facilitation by local government and firm efficiency : evidence from China," Policy Research Working Paper Series 6688, The World Bank.
    51. Hongbin Li & Lingsheng Meng & Junsen Zhang, 2006. "Why Do Entrepreneurs Enter Politics? Evidence from China," Economic Inquiry, Western Economic Association International, vol. 44(3), pages 559-578, July.
    52. Xu, Cheng-Gang & Guo, Di & Jiang, Kun & Yang, Xiyi, 2017. "Clustering, Growth, and Inequality in China," CEPR Discussion Papers 12543, C.E.P.R. Discussion Papers.
    53. Tian, Guoqiang, 2000. "Property Rights and the Nature of Chinese Collective Enterprises," Journal of Comparative Economics, Elsevier, vol. 28(2), pages 247-268, June.
    54. Qian, Yingyi, 2002. "How Reform Worked in China," CEPR Discussion Papers 3447, C.E.P.R. Discussion Papers.
    55. Jiahua Che, 2003. "The Life Cycle of Government Ownership," William Davidson Institute Working Papers Series 2003-627, William Davidson Institute at the University of Michigan.
    56. Yingyi Qian, 1999. "The Institutional Foundations of China's Market Transition," Working Papers 99011, Stanford University, Department of Economics.
    57. Jieming Zhu, 2017. "Making urbanisation compact and equal: Integrating rural villages into urban communities in Kunshan, China," Urban Studies, Urban Studies Journal Limited, vol. 54(10), pages 2268-2284, August.
    58. Mario Biggeri & Danilo Gambelli & Christine Phillips, 1999. "Small and medium enterprise theory: evidence for Chinese TVEs," Journal of International Development, John Wiley & Sons, Ltd., vol. 11(2), pages 197-219.
    59. Jiahua Che, 2000. "From the Grabbing Hand to the Helping Hand," William Davidson Institute Working Papers Series 58, William Davidson Institute at the University of Michigan.
    60. Guo, Di & Jiang, Kun & Xu, Chenggang & Yang, Xiyi, 2023. "Geographic clusters, regional productivity and resource reallocation across firms: Evidence from China," Research Policy, Elsevier, vol. 52(2).
    61. Eelco Modderman & Cees Gorter & Jasper Dalhuisen & Peter Nijkamp, 2001. "Labour Manoeuvrability and Economic Performance in Township-Village Enterprises: The Case of China," Tinbergen Institute Discussion Papers 01-072/1, Tinbergen Institute.
    62. Jieming Zhu & Chen Chen & Lie You, 2022. "Engaging Smallholders in Flower Agribusiness for Inclusive Rural Development: The Case of Yunnan, China," Sustainability, MDPI, vol. 14(5), pages 1-15, February.

  18. Chang, Chun, 1993. "Payout Policy, Capital Structure, and Compensation Contracts When Managers Value Control," The Review of Financial Studies, Society for Financial Studies, vol. 6(4), pages 911-933.

    Cited by:

    1. Tse-Chun Lin & Qi Liu & Bo Sun, 2015. "Contracting with Feedback," International Finance Discussion Papers 1143, Board of Governors of the Federal Reserve System (U.S.).
    2. Ouidad Yousfi, 2010. "Exit routes in LBO projects," Working Papers hal-04140925, HAL.
    3. Erwan Morellec & Boris Nikolov & Norman Schürhoff, 2012. "Corporate Governance and Capital Structure Dynamics," Journal of Finance, American Finance Association, vol. 67(3), pages 803-848, June.
    4. Jonathan B. Berk & Richard Stanton & Josef Zechner, 2007. "Human Capital, Bankruptcy and Capital Structure," NBER Working Papers 13014, National Bureau of Economic Research, Inc.
    5. George Kanatas & Jianping Qi, 2004. "Dividends and Debt with Managerial Agency and Lender Holdup," Management Science, INFORMS, vol. 50(9), pages 1249-1260, September.
    6. Douglas, Alan V. S., 2001. "Managerial replacement and corporate financial policy with endogenous manager-specific value," Journal of Corporate Finance, Elsevier, vol. 7(1), pages 25-52, March.
    7. Xu, Peng, 1997. "Executive Salaries as Tournament Prizes and Executive Bonuses as Managerial Incentives in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 11(3), pages 319-346, September.
    8. Rajesh K. Aggarwal & Andrew A. Samwick, 1999. "Empire-Builders and Shirkers: Investment, Firm Performance, and Managerial Incentives," NBER Working Papers 7335, National Bureau of Economic Research, Inc.
    9. Ouidad Yousfi, 2009. "Leveraged Buy Out: Dynamic agency model with write-off option," Working Papers hal-04140881, HAL.
    10. Ouidad Yousfi, 2009. "Leveraged Buy Out: Dynamic agency model with write-off option," EconomiX Working Papers 2009-13, University of Paris Nanterre, EconomiX.
    11. Joachim Jungherr, 2012. "Financial Amplification, Executive Compensation, and Optimal Capital Structure," 2012 Meeting Papers 933, Society for Economic Dynamics.
    12. Nalinaksha Bhattacharyya & Amin Mawani & Cameron Morrill, 2008. "Dividend payout and executive compensation: theory and evidence," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 48(4), pages 521-541, December.
    13. Ruhnke, Carsten S., 2022. "Implications of the Creditors' Influence on Corporate Decisions," Junior Management Science (JUMS), Junior Management Science e. V., vol. 7(1), pages 150-184.

  19. Chang, Chun, 1992. "Capital Structure as an Optimal Contract between Employees and Investors," Journal of Finance, American Finance Association, vol. 47(3), pages 1141-1158, July.

    Cited by:

    1. Zhu, Xiaoquan & Peng, Hongfeng & Zhang, Zijian, 2020. "The nexus of judicial efficiency, social burden and default risk: Cross-country evidence," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 68(C).
    2. Rebecca Neumann, 2003. "International capital flows under asymmetric information and costly monitoring: implications of debt and equity financing," Canadian Journal of Economics, Canadian Economics Association, vol. 36(3), pages 674-700, August.
    3. Langberg, Nisan, 2008. "Optimal financing for growth firms," Journal of Financial Intermediation, Elsevier, vol. 17(3), pages 379-406, July.
    4. Aggarwal, Raj & Kyaw, NyoNyo Aung, 2010. "Capital structure, dividend policy, and multinationality: Theory versus empirical evidence," International Review of Financial Analysis, Elsevier, vol. 19(2), pages 140-150, March.
    5. Drobetz, Wolfgang & Pensa, Pascal & Wöhle, Claudia B., 2004. "Kapitalstrukturtheorie in Theorie und Praxis: Ergebnisse einer Fragebogenuntersuchung," Working papers 2004/09, Faculty of Business and Economics - University of Basel.
    6. Gary Gorton & Frank A. Schmid, 2002. "Class struggle inside the firm: a study of German codetermination," Working Papers 2000-025, Federal Reserve Bank of St. Louis.
    7. Patrick Bolton & Marco Becht & Alisa Röell, 2002. "Corporate Governance and Control," NBER Working Papers 9371, National Bureau of Economic Research, Inc.
    8. Steven A. Dennis & Ian G. Sharpe, 2005. "Firm Size Dependence in the Determinants of Bank Term Loan Maturity," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 32(1‐2), pages 31-64, January.
    9. Jonathan B. Berk & Richard Stanton & Josef Zechner, 2007. "Human Capital, Bankruptcy and Capital Structure," NBER Working Papers 13014, National Bureau of Economic Research, Inc.
    10. Graham, John R. & Harvey, Campbell R., 2001. "The theory and practice of corporate finance: evidence from the field," Journal of Financial Economics, Elsevier, vol. 60(2-3), pages 187-243, May.
    11. Garvey, Gerald T & Swan, Peter L, 1995. "Shareholder Activism, "Voluntary" Restructuring, and Internal Labor Markets," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 4(4), pages 591-621, Winter.
    12. Antonczyk, Ron Christian & Salzmann, Astrid Juliane, 2014. "Overconfidence and optimism: The effect of national culture on capital structure," Research in International Business and Finance, Elsevier, vol. 31(C), pages 132-151.
    13. Neumann, Rebecca M., 2006. "The effects of capital controls on international capital flows in the presence of asymmetric information," Journal of International Money and Finance, Elsevier, vol. 25(6), pages 1010-1027, October.
    14. Xiaozu Wang & Tian Zhu, 2004. "Specific Human Capital, Credible Commitment and Optimal Capital Structure," Annals of Economics and Finance, Society for AEF, vol. 5(1), pages 47-59, May.
    15. Sheng, Yan & Huang, Zhixiong & Liu, Chen & Yang, Zhiqing, 2019. "How does business strategy affect wage premium? Evidence from China," Economic Modelling, Elsevier, vol. 83(C), pages 31-41.
    16. Timothy E. Dore & Rebecca Zarutskie, 2018. "Firm Leverage, Labor Market Size, and Employee Pay," Working Papers 18-36, Center for Economic Studies, U.S. Census Bureau.
    17. A. Jorge Padilla & Alejandro Requejo, 1997. "Privilegio Salarial y Reestructuración Financiera: El Papel Del Fondo De Garantía Salarial," Working Papers wp1997_9714, CEMFI.
    18. Mary Kathryn Campion & Rebecca M. Neumann, 2003. "Compositional Effects of Capital Controls – Theory and Evidence," The World Economy, Wiley Blackwell, vol. 26(7), pages 957-973, July.
    19. Mariko Tanaka, 2018. "Firms’ Liquidity Assets and Workers’ Claims," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, vol. 14(3), pages 511-526, July.
    20. Federica Alberti & Werner Güth & Kei Tsutsui, 2020. "Experimental effects of institutionalizing co-determination by a procedurally fair bidding rule," Working Papers in Economics & Finance 2020-10, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group.
    21. Francis, Bill B. & Hasan, Iftekhar & John, Kose & Waisman, Maya, 2010. "The effect of state antitakeover laws on the firm's bondholders," Journal of Financial Economics, Elsevier, vol. 96(1), pages 127-154, April.
    22. Ruhnke, Carsten S., 2022. "Implications of the Creditors' Influence on Corporate Decisions," Junior Management Science (JUMS), Junior Management Science e. V., vol. 7(1), pages 150-184.

  20. Chang, Chun, 1990. "The dynamic structure of optimal debt contracts," Journal of Economic Theory, Elsevier, vol. 52(1), pages 68-86, October.

    Cited by:

    1. Swinnen, Johan F.M. & Gow, Hamish R., 1997. "Agricultural Credit Problems And Policies During The Transition To A Market Economy In Central And Eastern Europe," PRG Working Papers 31887, Katholieke Universiteit Leuven, LICOS - Centre for Institutions and Economic Performance.
    2. Niinimaki, J. -P., 2001. "Intertemporal diversification in financial intermediation," Journal of Banking & Finance, Elsevier, vol. 25(5), pages 965-991, May.
    3. Samaresh Bardhan & Vivekananda Mukherjee, 2013. "Willful Default In Developing Country Banking System: A Theoretical Exercise," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 38(4), pages 101-121, December.
    4. Jain, N. & Imai, S., 2015. "Dynamic Costly State Verification with Repeated Loans: a two-period analysis," Working Papers 13889, Department of Economics, City University London.
    5. ATTAR, Andrea & CAMPIONI, Eloisa, 2003. "Costly state verification and debt contracts: a critical resume," LIDAM Reprints CORE 1712, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    6. Gaetano Antinolfi, 2012. "Costly Monitoring, Dynamic Incentives, and Default," 2012 Meeting Papers 892, Society for Economic Dynamics.
    7. Philipp Meyer-Brauns, 2014. "Financial Contracting with Tax Evaders," Working Papers tax-mpg-rps-2014-01, Max Planck Institute for Tax Law and Public Finance.
    8. Dionne, Georges & Spaeter, Sandrine, 2003. "Environmental risk and extended liability: The case of green technologies," Journal of Public Economics, Elsevier, vol. 87(5-6), pages 1025-1060, May.
    9. M. Boyer, 2003. "Contracting under ex post moral hazard and non-commitment," Review of Economic Design, Springer;Society for Economic Design, vol. 8(1), pages 1-38, August.
    10. Mr. Juan Sole, 2006. "Lending Resumption After Default: Lessons from Capital Markets During the 19th Century," IMF Working Papers 2006/176, International Monetary Fund.
    11. Juan Solé, 2009. "A Model of Lending Resumption after Default: Lessons from Capital Markets during the Nineteenth Century," Economica, London School of Economics and Political Science, vol. 76(303), pages 557-573, July.
    12. Edward Simpson Prescott, 2004. "Auditing and bank capital regulation," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 90(Fall), pages 47-63.
    13. Edward Simpson Prescott, 2004. "Auditing and Bank Capital Regulation," Working Papers wp2004_0412, CEMFI.
    14. Meyer-Brauns, Philipp, 2014. "Financial Contracting with Tax Evaders," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100524, Verein für Socialpolitik / German Economic Association.
    15. Bronsard, C. & Rosenwald, F. & Salvas-Bronsard, L., 1994. "Evidence on Corporate Private Debt Finance and the Term Structure of Interest Rates," Cahiers de recherche 9405, Universite de Montreal, Departement de sciences economiques.
    16. Agenor, Pierre-Richard & Aizenman, Joshua, 2006. "Investment and deposit contracts under costly intermediation and aggregate volatility," International Review of Economics & Finance, Elsevier, vol. 15(3), pages 263-275.
    17. Cyril Monnet & Erwan Quintin, 2005. "Optimal contracts in a dynamic costly state verification model," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 26(4), pages 867-885, November.
    18. Christophe Chamley & Céline Rochon, 2011. "From Search to Match: When Loan Contracts Are Too Long," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(s2), pages 385-411, October.
    19. Michael S. Gibson, 1993. "Long-term banking relationships in general equilibrium," International Finance Discussion Papers 452, Board of Governors of the Federal Reserve System (U.S.).
    20. Persons, John C., 1997. "Liars Never Prosper? How Management Misrepresentation Reduces Monitoring Costs," Journal of Financial Intermediation, Elsevier, vol. 6(4), pages 269-306, October.
    21. Ricardo Vinícius Dias Jordão & Edson Pinto Ferreira & José Antônio Sousa Neto, 2018. "Financial disclosure and social environmental responsibility: An empirical study on the Brazilian market," Contaduría y Administración, Accounting and Management, vol. 63(2), pages 19-20, Junio.
    22. Achim, Peter & Knoepfle, Jan, 2024. "Relational enforcement," Theoretical Economics, Econometric Society, vol. 19(2), May.
    23. Houston, Joel F. & Venkataraman, S., 1996. "Liquidation under moral hazard: Optimal debt maturity and loan commitments," Journal of Banking & Finance, Elsevier, vol. 20(1), pages 115-133, January.
    24. Bénédicte Coestier & Nathalie Fombaron, 2003. "L'audit en assurance," THEMA Working Papers 2003-41, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    25. ATTAR, Andréa, 2003. "Financial contracting along the business cycle," LIDAM Discussion Papers CORE 2003069, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    26. Byoung-Ki Kim & Jun Gyu Min, 2016. "Loan Rate Differences across Financial Sectors: A Mechanism Design Approach," Working Papers 2016-16, Economic Research Institute, Bank of Korea.

Chapters

  1. Chun Chang & Kaiji Chen & Daniel F. Waggoner & Tao Zha, 2015. "Trends and Cycles in China's Macroeconomy," NBER Chapters, in: NBER Macroeconomics Annual 2015, Volume 30, pages 1-84, National Bureau of Economic Research, Inc.
    See citations under working paper version above.Sorry, no citations of chapters recorded.
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