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Full-Text Articles in Law
Puzzles In Controlling Shareholder Regimes And China: Shareholder Primacy And (Quasi) Monopoly, Sang Yop Kang
Puzzles In Controlling Shareholder Regimes And China: Shareholder Primacy And (Quasi) Monopoly, Sang Yop Kang
Sang Yop Kang
Professor Mark Roe explained that the shareholder wealth maximization norm (“the norm”) is not fit for a country with a (quasi) monopoly, because the norm encourages managers to maximize monopoly rents, to the detriment of the national economy. This Article provides new findings and counter-intuitive arguments as to the tension created by the norm and (quasi) monopoly by exploring three key corporate governance concepts that Roe did not examine—(1) “controlling minority structure” (CMS), where dominant shareholders hold a fractional ownership in their controlled-corporations, (2) “tunneling” (i.e., illicit transfer of corporate wealth to controlling shareholders), and (3) Chinese state-owned enterprises (SOEs). …
The Proposed Inheritance Tax And Its Impact On China's Economy, Michael Steve
The Proposed Inheritance Tax And Its Impact On China's Economy, Michael Steve
Michael Steve
No abstract provided.
What Determines M&A Legal And Financial Advisors' Competitiveness In An International Financial Centre: Using China's Going Out Policy As A Natural Experiment, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
How can legal and financial advisors compete in the global market for M&A mandates? In this presentation, we review the arguments made in our paper.
Confucianism And Antitrust: China's Emerging Evolutionary Approach To Anti-Monopoly Law, Thomas J. Horton
Confucianism And Antitrust: China's Emerging Evolutionary Approach To Anti-Monopoly Law, Thomas J. Horton
Thomas J. Horton
In August, 2007, the People’s Republic of China, through its National People’s Congress, enacted its Anti-Monopoly Law, which took effect in August, 2008. This article discusses the historical, cultural, and philosophical values that have helped to shape and influence China’s current AML. Rather than following the United States and Europe, China appears to be charting its own course in interpreting and enforcing its competition laws. Based upon China’s history, culture, and Confucian ethics and morals, this article forecasts that China’s future AML enforcement will be based upon social, moral, and ethical considerations, as well as economic ones. This article concludes …
China-Taiwan Trade Relations: Implications Of The Wto And Asian Regionalism, Pasha L. Hsieh
China-Taiwan Trade Relations: Implications Of The Wto And Asian Regionalism, Pasha L. Hsieh
Pasha L. Hsieh
Cross-strait relations underwent a fundamental change when both China and Taiwan joined the World Trade Organization (WTO) in 2001. The WTO is the first world-wide multilateral organization in which China and Taiwan share equal statuses. Thus, the WTO provides a neutral forum for China and Taiwan to resolve trade conflicts. More importantly, the WTO requires the two states to behave toward one another in a manner consistent with WTO norms. Consequently, the trade policies of China and Taiwan would change in response to their WTO obligations. In addition to the WTO, Asian regionalism, which refers to the recent accelerated integration …
Decrecimiento Poblacional En China Durante La Época Del Gran Salto Adelante, Fernando Villaseñor Rodríguez
Decrecimiento Poblacional En China Durante La Época Del Gran Salto Adelante, Fernando Villaseñor Rodríguez
Fernando Villaseñor Rodríguez
No abstract provided.
Mfn Tariff Treatment Of Imports From China: Effects On U.S. Employment, Joseph Pelzman, Thomas Bayard, James Orr, Jorge Perez-Lopez
Mfn Tariff Treatment Of Imports From China: Effects On U.S. Employment, Joseph Pelzman, Thomas Bayard, James Orr, Jorge Perez-Lopez
Joseph Pelzman
No abstract provided.