Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.postcomstud.2004.06.005
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dc.titleState, institution building, and emerging stock markets in China
dc.contributor.authorTan, Q.
dc.date.accessioned2016-11-17T08:38:29Z
dc.date.available2016-11-17T08:38:29Z
dc.date.issued2004-09
dc.identifier.citationTan, Q. (2004-09). State, institution building, and emerging stock markets in China. Communist and Post-Communist Studies 37 (3) : 373-394. ScholarBank@NUS Repository. https://doi.org/10.1016/j.postcomstud.2004.06.005
dc.identifier.issn0967067X
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/130549
dc.description.abstractThis article studies the institutional creation of Chinese stock exchanges and their regulations. It argues that institution creation was largely a function of market forces, local initiatives, path-dependence, and a learning curve. What characterized this institutional transformation was a process in which the central government was first led by various market forces fueled by local political and economic initiatives, then was forced to react by legislating various administrative ordinances to suppress the chaotic and lawless market, and finally resorted to creating a centralized regulatory institution to rein in the fledging stock market. © 2004 The Regents of the University of California. Published by Elsevier Ltd. All rights reserved.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/j.postcomstud.2004.06.005
dc.sourceScopus
dc.subjectChinese stock market
dc.subjectInstitutional building
dc.subjectPolitical economy
dc.subjectState and development
dc.typeArticle
dc.contributor.departmentEAST ASIAN INSTITUTE
dc.description.doi10.1016/j.postcomstud.2004.06.005
dc.description.sourcetitleCommunist and Post-Communist Studies
dc.description.volume37
dc.description.issue3
dc.description.page373-394
dc.identifier.isiut000224237400005
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