Research on the Relationship between China's Capital Market and Industrial Performance

Author: Yin Guohong
Publisher:
Publish Date: 2006-03-03
Features: This book establishes a comprehensive analytical framework on the relationship between capital markets and industrial performance. The direct path primarily focuses on the exogenous capital supply and stock asset transfer functions of capital markets, promoting limited capital to flow from low-performance industries to high-performance industries, thereby achieving overall improvement in industrial performance. The indirect path is based on the impact of capital markets on equity structure and capital structure, enhancing operational performance through the improvement of corporate governance structures.