In China, the big question is: What will the China-US relationship look like under the administration of President Trump?
Chinese economists have long struggled with the ideological gap that separates free-market advocates and supporters of government controls on market forces.
Why should emphasize professional manager system
The Lesson Greece’s Lenders Forgot
This paper demonstrates that speculative activities can be contagious and spill over across markets.
A global economy rewards firms that are willing to take financial risks. But this begs the question, are some firms more comfortable or prone to risk taking than others, and if so why?
Although the standard principal-agent model predicts a negative relation between incentive strength (i.e., pay-performance-sensitivity or PPS) and firm risk, the empirical evidence is mixed (Prendergast, 2002).
© 2015 The National Center for Financial Research at Peking University
