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Advanced systems of domestic corporate law generally apply a “no reflective loss” principle to shareholder claims. Shareholder claims are permitted for direct injury to shareholder rights (such as voting rights). But shareholders generally cannot bring claims for reflective loss incurred as...
Persistent link: https://www.econbiz.de/10010463415
Corporate law in advanced domestic legal systems on the one hand, and typical treaties for the protection of foreign investment on the other hand, treat claims for damages by company shareholders differently. Advanced domestic systems generally bar shareholders from claiming for reflective loss...
Persistent link: https://www.econbiz.de/10010463416
problems result. Replacing the current claims doctrine with derivative doctrine (IIA forms of derivative actions, class actions … thus decrease the perceived unfairness and inconsistency of the current system. In addition, derivative doctrine would …. Adopting derivative doctrine could avert a future crisis, similar to the one currently threatening IIA, in international …
Persistent link: https://www.econbiz.de/10012975406
of nodes, which have many and large links. In addition, the network exhibits ‘small-world' properties, such as high … clustering and low average path length. The combination of high interconnectivity, a small number of hubs, and ‘small-world …
Persistent link: https://www.econbiz.de/10003944769
We analyze shifts in the structure of China's capital outflows over the past decade. The composition of gross outflows has shifted from accumulation of foreign exchange reserves by the central bank to nonofficial outflows. Unlocking the enormous pool of domestic savings could have a significant...
Persistent link: https://www.econbiz.de/10012178659
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To enhance the inflow of foreign direct investment (FDI) and ultimately to increase the economic growth, the countries have implemented a variety of financial and trade liberalization policies in the last three decades. Pakistan also initiated such type of policies. This study makes an analysis...
Persistent link: https://www.econbiz.de/10010490551
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Persistent link: https://www.econbiz.de/10011697289
In this paper, the authors revisit the nexus of financial development and FDI inflows in Chinese perspective, incorporating the vital role of institutional quality and other important variables in this paradigm. Using ARDL bound testing and VECM procedures, they establish causality by exploiting...
Persistent link: https://www.econbiz.de/10012120045