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- Publisher Website: 10.1016/S1041-7060(05)11003-7
- Scopus: eid_2-s2.0-33645889359
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Article: Does One Size Fit All? Transplanting English Takeover Law into China
Title | Does One Size Fit All? Transplanting English Takeover Law into China |
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Authors | |
Issue Date | 2005 |
Publisher | J A I Press Inc. The Journal's web site is located at http://www.elsevier.com/wps/find/bookdescription.cws_home/BS_APIA/description#description |
Citation | Advances In Public Interest Accounting, 2005, v. 11, p. 41-70 How to Cite? |
Abstract | Corporate governance has attracted enormous attention both in the area of law and in the area of financial economics. In comparative corporate governance studies, many people have devoted their energy to find a best corporate governance model. I argue that a functional analysis does not support the view that there is a single best corporate governance model in the world. I further use the transplantation of an English style takeover law into China to show that the importation of foreign law is not always based on careful analysis whether the imported foreign law is the best in the world. Furthermore, I use the subsequent adjustment of the transplanted English takeover law in China to show that the imported foreign law is subject to local political and economic conditions. If there is no best corporate govern model and the transplantation of foreign law into other countries with different social and political background does not achieve similar objectives, the search for a best corporate governance model is misguided. Just as tort law or constitutional law regimes may have diversified models, so do corporate governance regimes in countries with different historical, social and political backgrounds. © 2005 Elsevier Ltd. All rights reserved. |
Persistent Identifier | http://hdl.handle.net/10722/155980 |
ISSN | 2023 SCImago Journal Rankings: 0.141 |
DC Field | Value | Language |
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dc.contributor.author | Yu, G | en_US |
dc.date.accessioned | 2012-08-08T08:39:19Z | - |
dc.date.available | 2012-08-08T08:39:19Z | - |
dc.date.issued | 2005 | en_US |
dc.identifier.citation | Advances In Public Interest Accounting, 2005, v. 11, p. 41-70 | en_US |
dc.identifier.issn | 1041-7060 | en_US |
dc.identifier.uri | http://hdl.handle.net/10722/155980 | - |
dc.description.abstract | Corporate governance has attracted enormous attention both in the area of law and in the area of financial economics. In comparative corporate governance studies, many people have devoted their energy to find a best corporate governance model. I argue that a functional analysis does not support the view that there is a single best corporate governance model in the world. I further use the transplantation of an English style takeover law into China to show that the importation of foreign law is not always based on careful analysis whether the imported foreign law is the best in the world. Furthermore, I use the subsequent adjustment of the transplanted English takeover law in China to show that the imported foreign law is subject to local political and economic conditions. If there is no best corporate govern model and the transplantation of foreign law into other countries with different social and political background does not achieve similar objectives, the search for a best corporate governance model is misguided. Just as tort law or constitutional law regimes may have diversified models, so do corporate governance regimes in countries with different historical, social and political backgrounds. © 2005 Elsevier Ltd. All rights reserved. | en_US |
dc.language | eng | en_US |
dc.publisher | J A I Press Inc. The Journal's web site is located at http://www.elsevier.com/wps/find/bookdescription.cws_home/BS_APIA/description#description | en_US |
dc.relation.ispartof | Advances in Public Interest Accounting | en_US |
dc.title | Does One Size Fit All? Transplanting English Takeover Law into China | en_US |
dc.type | Article | en_US |
dc.identifier.email | Yu, G:ghyu@hkucc.hku.hk | en_US |
dc.identifier.authority | Yu, G=rp01276 | en_US |
dc.description.nature | link_to_subscribed_fulltext | en_US |
dc.identifier.doi | 10.1016/S1041-7060(05)11003-7 | en_US |
dc.identifier.scopus | eid_2-s2.0-33645889359 | en_US |
dc.identifier.volume | 11 | en_US |
dc.identifier.spage | 41 | en_US |
dc.identifier.epage | 70 | en_US |
dc.publisher.place | United States | en_US |
dc.identifier.scopusauthorid | Yu, G=13003121400 | en_US |
dc.identifier.issnl | 1041-7060 | - |