The evolution of China's banking system: bank loan announcements 1996–2009. (10th July 2012)

• Record Type: Journal Article
• Authors: Gan, Christopher; Zhang, Yuan; Li, Zhaohua; Cohen, David A.
• Is Part Of: Accounting and finance. Volume 54:Number 1(2014:Mar.)
• Page Start: 165
• Page End: 188
• Publication Date: 2012-07-10
• Subjects: Accounting -- Periodicals; Finance -- Periodicals; 657.05
• DOI: 10.1111/j.1467-629X.2012.00493.x
• Languages: English
• ISSNs: 0810-5391

Abstract

<abstract abstract-type="main" xml:lang="en"> <title>Abstract</title> <p>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.</p> </abstract>