Firm Performance and CEO Turnover in China: Implications for Chinese Equity Markets and Corporate Governance

摘要

On February 27, 2007, Chinese stocks fell 8.8% taking the U.S. and global markets with it hours later. Analysis in the aftermath confirmed that while capital linkages between China and other markets are weak, jittery investors react to any large asset movements. Back in China, policy makers were left contemplating how far they had to go to reform the financial system and what needed to be done to avoid a crisis. While in other countries, researchers are looking at specific indices to gauge the health of the country's financial system.