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Open Sesame: The Myth Of Alibaba’S Extreme Corporate Governance And Control, Yu-Hsin Lin, Thomas Mehaffy
Open Sesame: The Myth Of Alibaba’S Extreme Corporate Governance And Control, Yu-Hsin Lin, Thomas Mehaffy
Yu-Hsin Lin
In September 2014, Alibaba Group Holding Limited (Alibaba) successfully launched a $25 billion initial public offering (IPO), the largest IPO ever, on New York Stock Exchange. Alibaba’s IPO success witnessed a wave among Chinese Internet companies to raise capital in U.S capital markets. A significant number of these companies have employed a novel, but poorly understood corporate ownership and control mechanism—the variable interest entity (VIE) structure and/or the disproportional control structure. The VIE structure was created in response to the Chinese restriction on foreign investments; however, it carries the risk of being declared illegal under Chinese law. The disproportional control …
Do Social Ties Matter In Corporate Governance: The Missing Factor In Chinese Corporate Governance Reform, Yu-Hsin Lin
Do Social Ties Matter In Corporate Governance: The Missing Factor In Chinese Corporate Governance Reform, Yu-Hsin Lin
Yu-Hsin Lin
In the past decade, Asian countries have adopted various corporate governance measures with the hope that good law will facilitate capital market development. One of the measures adopted by Asian countries to revamp corporate boards is to enhance board independence by introducing the institution of the independent director. Empirical studies have shown that social ties could compromise independent directors’ monitoring capacity and, thus, do matter in corporate governance. Using theoretical and empirical studies, this article analyzes the effects that independent directors' social ties to corporate insiders can have on director efficacy and discusses how the United States, where the institution …
How Public Regulation Changes Corporate Governance Practice – Corporate Board Reform In Taiwan, Yu-Hsin Lin
How Public Regulation Changes Corporate Governance Practice – Corporate Board Reform In Taiwan, Yu-Hsin Lin
Yu-Hsin Lin
No abstract provided.