Capitalizing China

Joseph Fan, Randall Morck, Bernard Yeung

NBER Working Paper No. 17687
Issued in December 2011

---- Acknowledgments ----

We are grateful to Institute of Economics and Finance of The Chinese University of Hong Kong for funding, to P.W. Liu and T.J. Wong for their comments and suggestions, and to Jun Huang for excellent research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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