Showing 1 - 10 of 11,477
This working paper examines China’s investment policy since the publication of the 2008 OECD Investment Policy Review of China. China remains the largest recipient of FDI among developing countries and FDI continues to play a disproportionately large role in promoting China’s trade,...
Persistent link: https://www.econbiz.de/10009767480
From the start of the People's Republic of China's (PRC) "corporatization" project in the late 1980s, a Chinese corporate governance regime subject to increasingly enabling legal norms has been determined by mandatory regulations imposed by the PRC securities regulator, the China Securities...
Persistent link: https://www.econbiz.de/10013063700
shareholders of bidding firms around China's outward cross-border mergers. Second, firm-level corporate governance mechanisms are …
Persistent link: https://www.econbiz.de/10013029172
This paper analyzed Chinese enterprises' outward foreign direct investment (OFDI) from the perspectives of Bilateral Investment Treaties (BIT) and enterprise heterogeneity. Firstly, in terms of BIT, we found that the existing literature was mainly focused on BIT and developed countries'...
Persistent link: https://www.econbiz.de/10012869910
The economic and political rise of China has led to considerable controversy regarding potential repercussions for the current global governance architecture. At least two opposing scenarios are conceivable: China’s adaptation to the rules and norms system shaped by developed countries or the...
Persistent link: https://www.econbiz.de/10014182301
voting minority shareholders, we examine whether giving minority shareholders increased control over corporate decisions … fund ownership. There is also weak evidence that minority shareholders are more likely to veto value-decreasing equity … that in weak investor protection countries, the effect of granting minority shareholders increased control over corporate …
Persistent link: https://www.econbiz.de/10013116135
corporate control market from 2001 to 2008. We use related party transactions amount to capture control shareholders’ tunneling …
Persistent link: https://www.econbiz.de/10011845002
This paper shows that agency problems result from controlling-minority shareholder conflicts have a nonlinear causal relation with firm cash holding, and this relation hinges critically on the strength of investor protection. Using a direct measure of controlling shareholder's entrenchment...
Persistent link: https://www.econbiz.de/10013028138
Persistent link: https://www.econbiz.de/10011810546
permits “horizontal” claims against controlling or oppressive shareholders in addition to “vertical” claims against orthodox … underlying derivative actions directed at corporate fiduciaries, on one hand, and others (such as controlling shareholders), on … derivative lawsuit itself was included in the 2006 PRC Company Law revision precisely so as to give minority shareholders in such …
Persistent link: https://www.econbiz.de/10013092047