Chinese firms listing in the U.S. via reverse mergers (CRMs) have dominated prior media, regulator and research attention. Yet CRMs have effectively ceased, leaving Chinese firms listing via initial public offerings (CIPOs) as the relevant remaining class of Chinese firms listing on U.S....

This study examines how manager's power affects capital expenditure in conglomerates, and how the firm's corporate governance mitigates the influence of subsidiary managers' informal power on capital expenditure. We conducted an empirical study using Taiwanese Business Group data, which includes...