Title :
Notice of Retraction
Banking opening up, introducing foreign strategic investors and the innovation ability of China´s Banks
Author :
Yingying Zhu ; Ping Li ; Yong Zeng ; Jia He
Author_Institution :
Sch. of Manage. & Econ., Univ. of Electron. Sci. & Technol. of China, Chengdu, China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Introducing foreign capital has been a key procedure of this round´s reform of Chinese banking. Using a panel of 62 China´s banks through the 2002-2006 transition period, this paper investigated the impact of foreign strategic investors´ participation on the innovation ability of China´s banks. We developed an empirical model to controll the effect of macroeconomic condition, bank characteristics and selection bias. The results show that introducing foreign strategic investors improves the innovation ability of China´s banks significantly. This finding appears to be robust.
Keywords :
banking; macroeconomics; venture capital; Chinese banking; foreign capital; foreign strategic investors; macroeconomic condition; Economic indicators; China´s banks; banking opening up; foreign strategic investors; innovation ability;
Conference_Titel :
Future Information Technology and Management Engineering (FITME), 2010 International Conference on
Conference_Location :
Changzhou
Print_ISBN :
978-1-4244-9087-5
DOI :
10.1109/FITME.2010.5654808
