In October 2009, the Financial Services and the Treasury Bureau of the Hong Kong Government published a consultation paper to review corporate rescue procedure with the aim of reforming key issues relating to corporate rescue. This paper compares the proposed reform in Hong Kong and the...

The request of Alibaba, China's largest e-commerce firm, to allow a self-selected group of its past and present management known as the “partners” the right to nominate a majority of the directors in its negotiation with the Hong Kong Stock Exchange for an initial public offering has...

This study analyzes all insider trading cases in Hong Kong since a dual civil and criminal insider trading regime was implemented in 2003. The analysis reveals some significant findings. Firstly, the successful cases prosecuted under the criminal provisions outnumber those brought as civil...

In March 2010, the Hong Kong government published a consultation paper to propose statutory codification of certain requirements to disclose price sensitive information by listed corporations as the first step of giving statutory backing to the Listing Rules. This article compares the...

While few would doubt the benefits which corporate rescue laws bring for an economy, there are debates as to who should run a company during the restructuring process – debtor-in-possession (DIP) or management displacement in favour of an outside administrator? This article suggests that DIP...

This paper demonstrates important interactions between dividend policy and investment efficiency. We find that dividend payout can improve investment efficiency, especially can mitigate over-investment. Prior research shows that dividend payout help mitigate over-investment problem (Biddle,...

The aim of this paper is to examine how concentrated ownership structures affect the positive association between industry competitions and pay-performance sensitivities. This is an empirical study to analyze the data from four East Asian markets (China, Hong Kong, Singapore and Taiwan) during...