China Business Knowledge @ CUHK Luncheon Series: Understanding China’s Institutions and the Role of Government in the Business World
Understanding China’s Institutions and the Role of Government in the Business World
By China Business Knowledge @ CUHK
Institutions of a country, whether explicit or implicit, matter for its economic development. However, how the institutions shape the behavior of market participants are not obvious and are hard to be tracked. Utilizing textual analysis in his recent research, Prof. Zhang Tianyu investigated the role of institutional knowledge in enhancing the information advantage of local financial analysts in China. His research reveals that analysts exhibit significantly higher forecast accuracy over the earnings of their target firms if they put more effort in covering the firms from a political perspective, and that the coordination or competition among politicians under the Chinese political hierarchy spills over to the firms affiliated with them.
With over 30 years of rich, extensive experience in both Hong Kong and mainland China, Mr. Albert Ng, Chairman, China and Managing Partner, Greater China of EY, will share his insights on the role of government and policies when doing business in China and Hong Kong.
Read our article of the event to find out more.