Understanding Public Enforcement of Securities Law in China - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Understanding Public Enforcement of Securities Law in China write by Wenming Xu. This book was released on 2019. Understanding Public Enforcement of Securities Law in China available in PDF, EPUB and Kindle. This study examines the public enforcement (PE) of securities law in China. We exploit the external positive shock to enforcement intensity due to the reform decentralizing the authority to impose administrative sanctions (AS) and show that shares in the pilot project experience statistically significant, but economically insignificant, abnormal returns (AR). Furthermore, we examine the market reactions to PE actions against informational misconduct and find that shares receiving AS suffer an average AR of approximately -12.03% over the (-1,5) event window, whereas those receiving non-AS experience economically insignificant AR. Next, we investigate the impacts of PE actions on the external debt financing, and show a significant decrease in external debt financing associated with firms receiving AS compared to those receiving non-AS. Finally, for the subsample of shares sanctioned by ROs, we find that firm size significantly reduces the likelihood of receiving AS, but neither governmental ownership nor political participation matters.
The Enforcement of Securities Law in China
The Enforcement of Securities Law in China - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Enforcement of Securities Law in China write by Wenming Xu. This book was released on 2022-03-14. The Enforcement of Securities Law in China available in PDF, EPUB and Kindle. This book takes a law and economic approach to examine the securities law enforcement in China and provides an in-depth empirical analysis on the enforcement inputs and outputs. In contrast to previous studies, it systematically collects a large sample of judicated securities fraud cases and public sanctions as disclosed by the listed companies. The enforcement regime is further divided into the private enforcement exemplified by the civil litigation imitated by harmed investors and public enforcement by sanctions proceedings initiated by public agencies. Academic researchers, policy makers and practitioners, who are interested in the securities market and regulation could find the information provided in this book interesting.
Enforcement of Corporate and Securities Law
Enforcement of Corporate and Securities Law - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Enforcement of Corporate and Securities Law write by Robin Hui Huang. This book was released on 2017-09-28. Enforcement of Corporate and Securities Law available in PDF, EPUB and Kindle. This book assembles the world's most authoritative specialists for a comparative analysis of the enforcement of corporate and securities laws in thirteen national jurisdictions. It examines the enforcement of corporate and securities laws across the globe and across different legal and political systems from an in-depth comparative perspective.
Enforcement of Corporate and Securities Law: China and the World
Enforcement of Corporate and Securities Law: China and the World - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Enforcement of Corporate and Securities Law: China and the World write by Robin Hui Huang. This book was released on . Enforcement of Corporate and Securities Law: China and the World available in PDF, EPUB and Kindle.
International Securities Markets
International Securities Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook International Securities Markets write by Hui Huang. This book was released on 2006-01-01. International Securities Markets available in PDF, EPUB and Kindle. This book offers the first detailed analysis of Chinaands insider trading law, explaining what constitutes insider trading in China and what the consequences of unlawful insider trading might be there. More importantly, it suggests ways in which the law might more effectively prevent the occurrence of insider trading in the first place. Among the elements of the legal framework addressed by the author are the following: and Who benefits from insider trading and The issue of when information becomes public and A comparative law treatment of the underlying theories of insider trading liability and Private civil liability and Damage caps and Measures of recovery The authorands approach focuses on Chinaands readiness to adopt foreign ideas without adequately assimilating them into the local context. In this connection, he sets out valuable reform proposals, using authority from field interviews with Chinese stakeholders as well as from comparative case law.
