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Special Issue ofJournal of Corporate Finance

“Capitalmarkets, financial institutions, and corporate finance in China”

OVERVIEW: China will soon become the world’s largesteconomy. In recent years, we have learned a great deal about China, but therecertainly is still much to be learned about China’s developing capital markets,maturing financial institutions, and ongoing financial management practices.Much of the existing research on China is outdated, as China has undergonemajor financial markets development and reforms in recent years. For example,interest rate liberalization is in its final stages, credit markets are developingquickly, as are over-the-counter markets, free trade zones are appearing andgrowing, and options, preferred stocks, shorting of index futures, and a newIPO registration process have been, or are being, introduced. What is thecurrent state of China’s capital markets and how does it affect corporatefinance strategies? What roles do China’s growing and maturing financialinstitutions and evolving financial markets regulations currently play incorporate finance policies? What is the current state of control by regulators?Just as important, what is currently different about Chinese markets,institutions, and financial management practices that make them unique, andwhat can we learn from them? Or, have China’s markets become more similar tothe rest of the world? The purpose of this special issue is to improve ourunderstanding of these important issues.

TOPICS: Topics for the special issue can include, but are not limited to, the following:

·        Rolesof Chinese capital markets and/or financial institutions on (i) corporatecapital structure, (ii) corporate investment strategies, (iii) corporate payoutpolicies, (iv) corporate restructuring, (v) financial contracting, (vi)international financial management practices, and (vii) corporate governance inChina.

·        Influencesof developing legal structure and legal environment on corporate finance inChina.

·        Effectsof ongoing evolution of asset pricing and market microstructure in China oncorporate finance in China.

·        Rolesof evolving labor markets in China on corporate finance in China.

·        Effectsof evolving credit markets and securitization in China on corporate finance inChina.

·        Effectsand roles of maturing securities analysts and institutional investors in Chinaon corporate finance in China.

·        Effectsof recent major financial reforms and financial markets developments (e.g.,split share reform, free trade zones, development of new financial products,etc.) on corporate finance in China.

EDITORS: Special Issue editors are Kenneth A. Kim,School of Economics and Management, Tongji University, Fuxiu Jiang, School of Business, RenminUniversity of China, and Zhan Jiang, Shanghai Advanced Institute ofFinance, Shanghai Jiaotong University.

SUBMISSION PROCEDURE: Therewill be a 2-stage submission process. In the first stage, authors will submittheir papers directly to the special issue editors at the following emailaddress: jcf-china@rbs.org.cn At this first stage,papers will undergo an initial screen by the special issue editors. Authors ofpapers that pass the initial screen will then be invited to submit their papersvia the online submission system of JCF,and they will have to pay the usual submission fee.  

DEADLINE: October 1, 2016