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Financial Reporting and Disclosure Practices in China

Hai Lu, Jee-Eun Shin, Mingyue Zhang, Jul 04, 2024

This article discussing that Chinese firms tend to emphasize the stability of financial performance in their reports. In contrast to U.S. firms, their financial disclosures are significantly swayed by non-shareholder stakeholders and do not leverage voluntary disclosures to mitigate capital costs.

Has COVID-19 permanently changed the nature of economic shocks on the Chinese economy?

Kaiji Chen, Patrick Higgins, Tao Zha, Apr 10, 2024

In latest study, Kaiji Chen and his colleagues at Emory University investigated the impact of COVID-19 on the Chinese economy. Through the construction of a GDP expenditure dataset and the application of SVAR modeling, they found that the constrained consumption shock during the pandemic significantly affected China's economy and may potentially alter its economic shock nature permanently.

Financial Spillovers of Foreign Direct Investment: Evidence from China

Haoyuan Ding, Shu Lin, Shujie Wu, Haichun Ye, May 08, 2024

Foreign Direct Investment (FDI) has enhanced the financial conditions of Chinese enterprises, particularly through the financial spillover effects generated by supply chain connections, which have helped to reduce the burden of trade credit and increase opportunities for bank financing.

BigTech Credit and Monetary Policy Transmission

Yiping Huang, Xiang Li, Han Qiu, Changhua Yu, Dec 07, 2022

By comparing business loans made by a BigTech bank with those made by traditional banks, this study finds that BigTech loans tend to be smaller, and the BigTech lender is more likely to grant credit to new borrowers than conventional banks in response to expansionary monetary policy.

Let a Small Bank Fail: Implicit Non-guarantee and Financial Contagion

Liyuan Liu, Xianshuang Wang, Zhen Zhou, Nov 27, 2024

The research findings indicate that after the failure of a small bank, regulatory authorities did not fully bail out all creditors as had been the norm, and this policy shift affected the funding costs and market confidence of banks with lower systemic importance (SU).