There has been an explosion of labour contract disputes in China. The authors surveyed participant demographics, experience and opinions concerning the arbitration of these disputes under the local government Labour Dispute Arbitration Bureau (LAB) in the city of Dalian, Liaoning Province....

China's securities regulator enforces insider trading prohibitions pursuant to non-legal and non-regulatory internal “guidance”. Reported agency decisions indicate that enforcement against insider trading is often possible only pursuant to this guidance, as the behavior identified is far...

This article analyzes the 2012 amendments to China's Labor Contract Law and their implementing regulations from the perspective of China's decades-long project of labor law reform. Integrating theories of legal recursivity and the literature on regulatory compliance, it sees the latest...

Employment protection increases labor adjustment costs and hence the expected costs of financial distress for labor-intensive firms. It follows that these firms are likely to increase their cash holdings to reduce the risk of financial distress when employment protection is strengthened....

As China reformed its economy during the past 44 years, it experienced the fastest sustained expansion by a major economy in history, with an annual rate of GDP growth averaging nearly 10% from 1978 to 2018. In the past decade, however, the rate of growth has noticeably slowed, falling to just...

It has been taken for granted in the literature on the determinants of vertical integration that the effectiveness of contract enforcement is guaranteed, which is far from true even in some developed countries. In this paper, using a World Bank data set of manufacturing firms in China, we...

China is the world’s largest official creditor, but basic facts are lacking about the terms and conditions of its lending. Very few contracts between Chinese lenders and their government borrowers have ever been published or studied. This paper is the first systematic analysis of the legal...

Contract is one of the great pivots of commercial activity and an intrinsic part of nearly every consumer transaction. Inspired by the discussion amongst western scholars over whether contract law is a practical tool for protecting the consumer, this paper scrutinizes the role of the revised...