In many ways, China is the new frontier for entrepreneurship; perceived to be: a logical primary source of economical manufacturing, raw materials, component parts, and as a major end market. China may also represent the most likely future competition for many American industries as well as our...

Focusing on the bribery scandal plaguing global healthcare giant GlaxoSmithKline LLC (GSK), this manuscript documents and offers proposals to redress the myriad of harms caused when multinational corporations (MNCs) accept bribery as an unspoken cost of doing business in connected societies....

Media dissemination has an important function in facilitating price discovery. Political pressure that restricts media dissemination can hinder this function and affect investors' perceptions. We investigate the magnitude and economic consequences of China's newspaper censorship, which blocks...

We examine whether Confucianism surrounding corporate headquarters affects informed insider trading. We empirically show that insiders in firms headquartered in regions with higher levels of Confucianism profit more in sales but not in purchases. We further investigate the cross-sectional...

One might think that bribery is always unethical. Studies by the Organisation for Economic Cooperation and Development discourage the practice and a number of other studies have viewed bribery in negative terms. However, a closer examination of the issue reveals that the question of whether...

Chinese State Owned Enterprises (SOEs) accounted for 84% by value of Chinese foreign investment in Australia. At the same time, SOEs have served as national ‘champions' working for the advancement of China's national interests. In some ways they have much in common with sovereign wealth funds....

We investigate Chinese firms' use of variable interest entities (VIEs) to evade Chinese regulation on foreign ownership and list in the US. VIEs are explicitly designed to circumvent the intent of Chinese law on foreign control, and potentially exacerbate agency conflicts within the firm. We...

This draft explores the takeover war between Vanke (target) and Baoneng Group (bidder) and related issues on hostile takeovers in China. The Vanke-Baoneng case (hereinafter Vanke case) has raised many questions about corporate governance, a market for corporate control, market institutions,...

This paper analyzes understudied aspects of related party transactions (RPTs) in China’s state-owned enterprises (SOEs). This paper defines the government as an “institutional controlling shareholder” of SOEs. In addition, this paper examines two types of RPTs in the SOE sector:...

Using data on Chinese non-fnancial listed frms covering 2009 to 2022, we explore the efect of supply chain transparency on stock price crash risk. Two proxies for sup‑ ply chain transparency are constructed using the number of supply chain partners' names and the proportion of their...