Suchergebnisse

Peng, Handa. ; "August 2011." ; Thesis (M.Phil.)--Chinese University of Hong Kong, 2011. ; Includes bibliographical references (p. 81-83). ; Abstracts in English and Chinese. ; Abstract --- p.1 ; 摘要 --- p.2 ; Acknowledgements --- p.3 ; Introduction --- p.6 ; Chapter Section I --- Literature Review --- p.11 ; Theories on Sovereign Default --- p.11 ; Historical Case Studies on Sovereign Default --- p.15 ; Brief Summary on the Existing Theories and Empirical Cases --- p.16 ; Chapter Section II --- Historical Backgrounds --- p.21 ; Political Instability and Military Expenditures --- p.21 ; Fiscal Status during the rule of the Nanking Government --- p.22 ; Silver Standard and Currency Reform in 1935 --- p.26 ; Chapter Section III --- Sovereign Default and Restructuring Episodes of the Nanking Government --- p.29 ; Data --- p.29 ; Sovereign Debt as a Heritage --- p.30 ; Background Information of the Debts --- p.34 ; The Restructuring Episode --- p.37 ; Market Reactions --- p.42 ; Chapter Section IV --- Capital Market Access and Reputational Theories in the Restructuring Episode --- p.45 ; Access to the International Capital Market --- p.45 ; Relevance of the Traditional Reputational Model --- p.48 ; Signaling Model and Role of Reputation --- p.51 ; Chapter Section V --- Role of Sanctions in the Restructuring Episode --- p.57 ; Analytical Framework of the Sanctions Model --- p.57 ; Three Possible Channels of Direct Sanctions --- p.60 ; Chapter Section VI --- Informational Explanation of the Restructuring Episode --- p.64 ; A Practical Analytical Framework for the Informational Model --- p.64 ; Issue of Credibility and Currency Reform --- p.66 ; The Need for the Settlement of Old Debts --- p.68 ; Outcomes --- p.73 ; Summary --- p.77 ; Conclusion --- p.79 ; References --- p.81 ; Chapter Appendix I --- Basic information on Chinese sovereign bonds traded in the London Stock Exchange --- p.84 ; Chapter Appendix II --- Price of Chinese Sovereign Bonds traded in the London Stock Exchange --- p.86 ; Chapter Appendix III --- ...

China is now the lender of first resort for much of the developing world, but Beijing has fueled speculation among policymakers, scholars, and journalists by shrouding its grant-giving and lending activities in secrecy. Introducing a systematic and transparent method of tracking Chinese development projects around the world, this book explains Beijing's motives and analyzes the intended and unintended effects of its overseas investments. Whereas China almost exclusively provided aid during the twentieth century, its twenty-first century transition from 'benefactor' to 'banker' has had far-reaching impacts in low-income and middle-income countries that are not widely understood. Its use of debt rather than aid to bankroll big-ticket infrastructure projects creates new opportunities for developing countries to achieve rapid socio-economic gains, but it has also introduced major risks, such as corruption, political capture, and conflict. This book will be of interest to policymakers, students and scholars of international political economy, Chinese politics and foreign policy, economic development, and international relations.

Xu Zhi. ; Thesis (M.Phil.)--Chinese University of Hong Kong, 2001. ; Includes bibliographical references (leaves 61-62 (2nd gp.)). ; Abstracts in English and Chinese. ; ABSTRACT --- p.II ; 中文摘要 --- p.V ; ACKNOWLEDGEMENT --- p.XI ; Chapter CHAPTER 1 --- INTRODUCTION --- p.1 ; Chapter CHAPTER 2 --- VALUE OR GROWTH STOCK? --- p.6 ; Chapter 2.1 --- Summary Statistics: Financial Ratios of h Shares --- p.7 ; Chapter 2.1.1 --- Profitability analysis --- p.7 ; Chapter 2.1.2 --- Debt Structure --- p.9 ; Chapter 2.1.3 --- Operational Management --- p.11 ; Chapter 2.2 --- Corporate Identity: Value or Growth Stock? --- p.11 ; Chapter 2.2.1 --- Are H Shares Value Stocks? --- p.12 ; Chapter 2.2.2 --- Are H Shares Growth Stocks? --- p.12 ; Chapter 2.3 --- Summary --- p.13 ; Chapter CHAPTER 3 --- THE METHODOLOGY OF EVENT STUDIES --- p.14 ; Chapter 3.1 --- Brief Outline of an Event Study --- p.15 ; Chapter 3.2 --- Issues on Event Studies --- p.17 ; Chapter 3.2.1 --- Unknown Event Dates --- p.17 ; Chapter 3.2.2 --- Which is the best benchmark model for the normal return? --- p.18 ; Chapter 3.2.3 --- Hypothesis testing and problems with heteroskedasticity and dependence --- p.21 ; Chapter 3.2.4 --- A multivariate regression model (MVRM) employed in the event study --- p.24 ; Chapter 3.2.5 --- Measuring long horizon security price performance --- p.26 ; Chapter 3.2.6 --- Use daily return or monthly return in event study? --- p.27 ; Chapter CHAPTER 4 --- ARE H SHARES WANTED: DEAD OR ALIVE? --- p.28 ; Chapter 4.1 --- Definitions of Events --- p.28 ; Chapter 4.2 --- Sample and Estimation Procedures --- p.30 ; Chapter 4.2.1 --- Sample Selection --- p.30 ; Chapter 4.2.2 --- Estimation Procedures --- p.30 ; Chapter 4.3 --- Empirical Results of Good and Bad Earnings Announcements --- p.31 ; Chapter 4.3.1 --- Short Term Effects on Securities Prices --- p.31 ; Chapter 4.3.2 --- Long Term Post-Earnings-Announcement Drifts --- p.34 ; Chapter 4.3.3 --- Regression Analysis --- p.35 ; Chapter 4.3.3.1 --- REGRESSION RESULTS FOR GOOD EARNINGS ...