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Government Intervention in the Reorganisation of Listed Companies in China (Hardcover)
Loot Price: R3,060
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Government Intervention in the Reorganisation of Listed Companies in China (Hardcover)
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As a comprehensive empirical study on the bankruptcy
re-organisations of listed companies in China, this book examines
the re-organisation of fifty-three listed companies entering
bankruptcy between 2007 and 2018. It features raw data from
thousands of public announcements of listed companies, helping to
present a precise panorama of bankruptcy law in China. The author
discusses the nature, extent and appropriateness of government
intervention in bankruptcies of listed companies. It also examines
the effects of bankruptcy institutions established by the
bankruptcy laws to constrain government intervention. The findings
suggest that such laws have been inadequate to prevent government
intervention. In fact, the biggest obstacle to the smooth
implementation of China's reorganisation system is government
intervention, one distinct characteristic of the socialist market
economy. The book will have broader relevance in terms of informing
the debate concerning the government's continuing intervention in
economic activity in China.
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