Abstract
This study investigates China's evolving banking systems from 1996 to 2009 by testing the market response to bank loan announcements in the China. The results show a significant negative market response to bank loan announcements in the Chinese financial market for the sample period 1996-2004. However, after a series of reforms in the Chinese banking system, the significantly negative market response to bank loan announcements disappears for the sample period 2005-2009. © 2012 AFAANZ.
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CITATION STYLE
Gan, C., Zhang, Y., Li, Z., & Cohen, D. A. (2014). The evolution of China’s banking system: Bank loan announcements 1996-2009. Accounting and Finance, 54(1), 165–188. https://doi.org/10.1111/j.1467-629X.2012.00493.x
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