We compare the sensitivity of managerial cash compensation to firm performance, the level of long term managerial incentives, and the sensitivity of CEO turnover to firm performance for three types of state-controlled Chinese firms: A shares (firms incorporated and listed in mainland China), H...

We examine the causes and consequences of falsified financial statements in China. Using bivariate probit regression analysis, we find that firms with high debt and that plan to make equity issues are more likely to manipulate their earnings and thus have to restate their financial reports in...

China clearly deserves more attention in relation to corporate and financial law research. Apparently, there are some deep-rooted problems and structural issues restraining the efficient function of the market and inhibiting future market expansion. This paper concerns the fundamental problems...

In Japan, 'Corporate Law' and 'Financial Instruments and Exchange Law' stipulate the internal control system. Stipulations in 'Corporate Law' tend towards all levels the in the company, while stipulations in 'Financial Instruments and Exchange Law' are more inclined towards the accuracy of...

Nominally socialist but steadfastly market-oriented, China is embarking on a strategy of slow but steady economic transformation and their economy is currently experiencing one of the most rapid growth rates in the world. There are generally two means of privatization of a formerly centrally...

We examine the association between financial restatement and firm value, based on a sample of firms that restated financial statement in Chinese listed firms between January 2005 and December 2009. Using Tobin's Q as a proxy for firm value in the end of restatement year, we find firm value in...

The drafting of a new bankruptcy law for China proved to be a lengthy and agonizing process, but a new Enterprise Bankruptcy Law was finally enacted in 2006; China had reviewed the experiences of other countries and sought to introduce a new law that suited its socio-economic and political...

This case study explores the corporate criminal liability of the Chinese National Petroleum Corporation (CNPC) for complicity in the Darfur genocide in Sudan. Together with theoretical elements published elsewhere, this paper builds the prosecution's case as an example of the type of litigation...

With the stunningly rapid development velocity of the Chinese capital market, much recent legal and economic literature has been directed at criticizing the inefficiency of shareholder protection laws. Admittedly, enforcement is the chronic disease puzzling authorities and legislatures not only...