中国企业融资与资本市场发展前沿介绍

IF 4.8 2区经济学 Q1 BUSINESS, FINANCE

Pacific-Basin Finance Journal Pub Date : 2024-08-23 DOI:10.1016/j.pacfin.2024.102504

Xiaofeng Quan , Kelvin Jui Keng Tan , Donghui Li

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引用次数: 0

摘要

本文回顾了近期关于中国企业融资与治理在市场和制度发展与改革推动下演变的研究。文章介绍了《太平洋-盆地金融期刊》（PBFJ）的 "中国公司财务与资本市场发展前沿 "特刊，重点关注向数字化和创新的战略转型。讨论的文章主要探讨中国企业数字化转型和绿色创新活动的影响，以及正式制度改革和非正式文化与社会规范对中国企业行为、资本市场运作和信息传播的影响。文章还呼吁进一步研究中国基于注册制的首次公开募股改革、金融自由化政策以及中国企业为实现绿色和可持续发展所做的努力。

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An introduction to frontier on corporate finance and capital market development in China

This article reviews recent studies on the evolution of corporate finance and governance in China, driven by market and institutional development and reforms. It introduces the special issue “Frontier on Corporate Finance and Capital Market Development in China” for the Pacific-Basin Finance Journal (PBFJ), focusing on strategic transition toward digitalization and innovation. The discussed articles primarily explore the impacts of digital transformation and green innovation activities in Chinese firms, alongside the influence of formal institutional reforms and informal cultural and social norms on firm behavior, capital market functioning, and information dissemination in China. The article also calls for further research on China's registration-based IPO reform, financial liberalization policies, and the corporate efforts of Chinese firms toward greenness and sustainability.

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来源期刊

Pacific-Basin Finance Journal BUSINESS, FINANCE-

CiteScore

6.80

自引率

6.50%

发文量

157

期刊介绍： The Pacific-Basin Finance Journal is aimed at providing a specialized forum for the publication of academic research on capital markets of the Asia-Pacific countries. Primary emphasis will be placed on the highest quality empirical and theoretical research in the following areas: • Market Micro-structure; • Investment and Portfolio Management; • Theories of Market Equilibrium; • Valuation of Financial and Real Assets; • Behavior of Asset Prices in Financial Sectors; • Normative Theory of Financial Management; • Capital Markets of Development; • Market Mechanisms.