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...

This study addresses the apparent puzzle that China achieved spectacular economic performance despite weak institutions. Using a World Bank survey of 1,566 manufacturing enterprises in 18 Chinese cities, we investigated whether property rights protection mattered for enterprise performance. We...

Open innovation allows large organizations to collaborate across a wide ecosystem of potential partners, reducing risk and increasing the potential for successful disruptive products and services. In China, appliance giant Haier has experienced significant success using its HOPE platform, which...

This article provides a comprehensive overview of the regulations on e-commerce protection rules in China and the European Union. It starts by giving a general overview of different approaches towards consumer protection in e-commerce. This article then scrutinizes the current legal system in...

What are a negotiator's ethical and moral obligations during a negotiation? Should a negotiator be dedicated to achieving the greatest value possible for his or her client even though that goal may appear to require some degree of deception? Does it make a difference whether a culture has a...

Chinese law neither generally prohibits nor expressly permits surrogacy. As there has been a massive underground surrogacy market in the country, surrogacy lawsuits have occurred from time to time. Chinese courts are called to decide a number of disputed issues regarding validity of surrogacy...

An important school of thought in institutional economics (the quot;Rights Hypothesisquot;) holds that economic growth requires a legal order offering stable and predictable rights of property and contract because the absence of such rights discourages investment and specialization. Without the...

The paper begins with a comparative analysis of the evolutionary legal path adopted by United States, People's Republic of China and European Union with reference to the F/Rand commitments on Standard Essential Patents. In the light of the wide differences which characterize the above-mentioned...

Competing theories of default rules and menus in contract law and corporate law provide different accounts of their effects. However, empirical studies are scant, and all focus on American law. Given that corporate ownership outside of the U.S. is usually concentrated, and institutional settings...