Information disclosure and corporate governance in listed companies in China: from Yinguangxia to Enron

Fu, Jian 2004, Information disclosure and corporate governance in listed companies in China: from Yinguangxia to Enron, Australian journal of corporate law, vol. 17, no. 1, pp. 48-70.

Attached Files
Name Description MIMEType Size Downloads

Title Information disclosure and corporate governance in listed companies in China: from Yinguangxia to Enron
Author(s) Fu, Jian
Journal name Australian journal of corporate law
Volume number 17
Issue number 1
Start page 48
End page 70
Publisher Centre for National Corporate Law Research, University of Canberra
Place of publication Belconnen, A.C.T.
Publication date 2004
ISSN 1037-4124
Summary China's path to the development of a modern securities market has not been a smooth one. This article argues that efforts to impose Western securities market models on China have been fraught with difficulty. This is especially clear from the adoption of information disclosure principles and practices. While the integrity of disclosure practices is a fundamental element in maintaining investors' confidence in securities markets, disclosure practices need to be attuned to China '5 systemic features, especially in regard to its legal structure and rules. Market failures, such as the collapse of Enron in the United States, have led to a realisation that US disclosure models have their own difficulties and that these should not be uncritically used. This article reviews recent Chinese law andpractice (using the Yinguangxia false disclosure scandal as an example) in this area and calls for the adoption of a more critical approach towards the use of Western models with particular regard to China's own distinctive pathways of reform.
Language eng
Field of Research 180109 Corporations and Associations Law
HERDC Research category C1 Refereed article in a scholarly journal
Persistent URL http://hdl.handle.net/10536/DRO/DU:30002405

Document type: Journal Article
Collection: School of Law
Connect to link resolver
 
Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved.

Versions
Version Filter Type
Access Statistics: 1090 Abstract Views, 0 File Downloads  -  Detailed Statistics
Created: Mon, 07 Jul 2008, 08:23:49 EST

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.