Do Board Characteristics Matter for Growth Firms? Evidence from China

Board Diversity and Corporate Social Responsibility: Evidence from Iranian Firms

According to agency theory, board of directors plays an important monitoring role in reducing information asymmetry and increasing the transparency of financial statements and social responsibility. This research is concerned with examining board diversity and social responsibility of the firms listed on the Tehran Stock Exchange during the years 2011-2015. To do so, a sample of 98 firms was se...

Why do firms switch banks? Evidence from China

This paper uses a sample of matched data of firms-banks in China over the period 1999-2012 to determine the drivers of firms switching behaviour from one bank relationship to another. The findings conform to the extant literature and therefore indicate that the switching behaviour of Chinese firms is no different to firms elsewhere. The results show that the principal driver of a switching acti...

Do Legal Institutions Matter for Growth: Evidence from Africa*

Do institutions not matter in China? Evidence from manufacturing enterprises

Lu, Yi, Png, Ivan P.L., and Tao, Zhigang—Do institutions not matter in China? Evidence from manufacturing enterprises This study addresses the apparent puzzle that China achieved spectacular economic performance despite weak institutions. Using a World Bank survey of 1566 manufacturing enterprises in 18 Chinese cities, we investigated whether property rights protection mattered for enterprise p...

Do institutions not matter in China? Evidence from enterprise- level productivity growth

This study addresses the apparent puzzle that China achieved sustained and rapid economic growth despite weak institutions. From a World Bank survey of 1,616 manufacturing enterprises in 18 cities, we extracted two measures of institutional quality: property rights protection (share of government officials oriented toward helping rather than hindering business), and contract enforcement (likeli...