Call for Papers: Pingyao Forum


International Review of Financial Analysis Special Issue Conference

on Corporate Governance and Entrepreneurial Finance in China


Date: 24-25 August 2013 (Saturday and Sunday)

Location: Pingyao, China

(The old financial and entrepreneurial center of China, one of the best preserved ancient cities in the known world, and also a World Heritage Site)



Conference Link:


Keynote Speaker:

Paolo Fulghieri, Macon G. Patton Distinguished Professor, University of North Carolina Kenan-Flagler Business School


Organizers and Guest Editors:

Douglas Cumming, Schulich School of Business, York University, Canada

Wenxuan Hou, University of Edinburgh Business School, UK

Edward Lee, Manchester Business School, University of Manchester, UK

Zhenyu Wu, I.H. Asper School of Business, University of Manitoba, Canada



The economic and financial development of China attracts increasing attention from academics, policy makers, and practitioners. Its experience provides valuable insight for other aspiring developing countries. Chinese entrepreneurship has contributed immensely to the nation’s development since it embarked on the steady reform toward market-based economy. However, the ingenuity and innovation of Chinese entrepreneurs can only be translated into real economic development if financial resources can be efficiently allocated among growth opportunities. To become more competitive both domestically and internationally, Chinese entrepreneurs and businesses will increase their dependence on external capital (Ding and Sun, 1997; Buchanan, Le, and Rishi, 2012). The confidence of external stakeholders that provide such capital depends largely on corporate governance, since this enables them to monitor the firms against wealth expropriation by insiders (Naceur, Ghazouani and Omran, 2007; Liu, et al., 2012). With the importance of entrepreneurial firms being increasingly recognized, corporate governance issues related to their survival and growth are attracting greater attention. This is essential to China’s development, especially when the world economy is slowly recovering from the recession.


In short, corporate governance and entrepreneurial finance are crucial building blocks to China’s current and future economic development. Thus, this call of paper invites both theoretical and empirical studies on these topics that are specific to the Chinese setting and could provide useful policy implications. Possible research areas include, but are not limited to:

·      Corporate governance in entrepreneurial and small firms, including publically listed non-state-owned enterprises

·      Entrepreneurial governance and financial crisis

·      Financing issues of entrepreneurial and small firms, including IPOs

·      Financial management in entrepreneurial and small firms, including listed ones

·      Family-owned businesses, including listed ones

·      Venture capital and private equity

·      Corporate governance, disclosure and transparency issues of entrepreneurial and small firms, including IPOs and post-IPO performance

·      Institutional reform and its impacts on entrepreneurial finance

·      Informal institution and entrepreneurial development


We welcome studies exploring these issues from other regions of Greater China such as Hong Kong or Taiwan. We also welcome comparative studies of China with other countries.

Studies focusing on listed companies in China may also be considered, as long as they are closely related to the main theme of this special issue.


Processes for submissions:

Papers submitted must not be under review, accepted for publication, or published in any other journal. By submitting a paper, authors are certifying (a) that the submission is original, unpublished work, (b) that in whole or material part it is not simultaneously under consideration elsewhere. All papers must be written in English, and non-native speakers are advised to have their papers checked by a native speaker. The author(s) should not identify themselves in the body of the paper. In the submission please indicate whether the author(s) would like the paper to be considered for publication in the Special Issue. Interested authors should follow the instruction and guidance of the International Review of Financial Analysis (IRFA) and submit their papers through the SubmissionStart online system (Link: Submission fees to the conference will be waived. Papers will be externally blind-reviewed according to the standard policy of IRFA, following which authors will be invited to present their papers at the Special Issue conference. Acceptance to the conference does not guarantee acceptance into the Special Issue.


Editing timeline:


Submission deadline

15 May 2013


Notification of acceptance to the Conference

15 June 2013


Special Issue Conference

24-25 August 2013


Revise and resubmit process begins

30 October 2013


Notification of acceptance to Special Issue

Summer 2014





Buchanan, B.G., Q.V. Le, and M. Rishi. 2012. Foreign direct investment and institutional quality: Some empirical evidence. International Review of Financial Analysis 21, 81-89.

Chen, C., Q. Jin, and H. Yuan. 2011. Agency problems and liquidity premium: Evidence from China’s stock ownership reform. International Review of Financial Analysis 20, 76-87.

Ding, D.K. and Q. Sun. 1997. The information content of FDI announcement: Evidence from an emerging market. International Review of Financial Analysis 6, 63-76.

Liu, C, K. Uchida, and Y. Yang. 2012. Corporate governance and firm value during the global financial crisis: Evidence from China. International Review of Financial Analysis 21, 70-80.

Naceur, S.B., S. Ghazouani, and M. Omran. 2007. The performance of newly privatized firms in selected MENA countries: The role of ownership structure, governance and liberalization policies. International Review of Financial Analysis 16, 332-353.


Douglas Cumming
Professor and Ontario Research Chair
York University - Schulich School of Business
4700 Keele Street
Toronto, Ontario M3J 1P3
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