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A Comment on “The Institutional Transformation of China’s Stock Exchanges: A Comparative Perspective” by Kay Lyu (AEL: A CONVIVIUM, 2015)

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  • Ortiz Horacio

    (Research Institute of Anthropology, East China Normal University, Shanghai, China)

Abstract

This note offers two short comments on Kai Lyu’s paper published by AEL: A Convivium in 2015. The note highlights the fact that although the historical comparative perspective is very fruitful, Kai Lyu could have gone beyond the market/state divide, and could have better integrated the roles of stock exchanges in the political economy of China and the US in order to account for their different institutional transformations.

Suggested Citation

  • Ortiz Horacio, 2015. "A Comment on “The Institutional Transformation of China’s Stock Exchanges: A Comparative Perspective” by Kay Lyu (AEL: A CONVIVIUM, 2015)," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 5(1), pages 91-97, March.
    • Handle: RePEc:bpj:aelcon:v:5:y:2015:i:1:p:91-97:n:2
    DOI: 10.1515/ael-2014-0011
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    References listed on IDEAS

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    1. Baker, C. Richard & Biondi, Yuri & Zhang, Qiusheng, 2010. "Disharmony in international accounting standards setting: The Chinese approach to accounting for business combinations," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 21(2), pages 107-117.
    2. Philippe Jorion & William N. Goetzmann, 1999. "Global Stock Markets in the Twentieth Century," Journal of Finance, American Finance Association, vol. 54(3), pages 953-980, June.
    3. Clark, Gordon, 2000. "Pension Fund Capitalism," OUP Catalogue, Oxford University Press, number 9780199240487.
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