The Chinese Corporate Savings Puzzle : A Firm-level Cross-country Perspective

A Firm-level Cross-country Perspective

The Chinese Corporate Savings Puzzle : A Firm-level Cross-country Perspective
China's high corporate savings rate is commonly claimed to be a key driver for the country's large current account surplus. The mainstream explanation for high corporate savings is a combination of windfall profits in state-owned firms, especially in resource sectors, and mis-governance of state-owned firms represented by their low dividend... READ MORE...

Publication date: December 2010
ISBN 9781455210824
$18.00

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