The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Governing Stock Markets in Transition Economies: Lessons from China
Open accessAbstract
Jump-starting stock markets in transition economies has proved difficult. These countries lack effective legal governance structures and face severe information problems. Yet not all financial markets failed because of adverse conditions. Using China’s initial stock market development as a case study, this article suggests that administrative governance can substitute for formal legal governance. At the core of this governance structure was the quota system. It created incentives for regional competition and decentralized information collection at the IPO stage. It was also used to punish regions and responsible officials when companies from their regions failed, as evidenced herein.
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La Porta, R., Lopez‐de‐Silanes, F., Shleifer, A., & Vishny, R. W. (1998) · Journal of Political Economy · doi:10.1086/250042 · Cited by 18,025
Stock markets, banks, and growth: Panel evidence
Beck, T., & Levine, R. (2004) · Journal of Banking & Finance · doi:10.1016/s0378-4266(02)00408-9 · Cited by 2,067
Cited by
The political economy of financial development
Girma, S., & Shortland, A. (2007) · Oxford Economic Papers · doi:10.1093/oep/gpm040 · Cited by 203
Law, Finance, and Economic Growth in China: An Introduction
Yao, Y., & Yueh, L. (2009) · World Development · doi:10.1016/j.worlddev.2008.07.009 · Cited by 69
Metadata
- Authors
- Pistor, K.
- Venue
- American Law and Economics Review
- Publisher
- Oxford University Press (OUP)
- Published
- 2005-03-01
- Volume
- 7
- Issue
- 1
- Pages
- 184-210
- ISSN
- 1465-7252 (ISSN-L)
- 1465-7260
- OpenAlex
- W2121797095
- Cited by
- 292
- References
- 2
- FWCI
- 12.49
- Type
- journal article
- Language
- en
- Open access
- green
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