Experience Stern | News & Events

Excerpt from Citywire -- "Jennifer Carpenter and her co-researchers at NYU Stern School of Business suggested last year [the diference between China's A share and other markets] might be due to the isolation of the domestic market, effectively bidding up the cost of funding, this would have a larger effect the greater the ratio of equity capital to capital expenditure. '[This] amounts to an inflated cost of equity capital, constraining the investment of China’s smaller, more profitable enterprises,' they said."

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