Chinese securities reform: The role of QFIIs in the corporate governance process
Publication in refereed journal


香港中文大学研究人员 ( 现职)

麦建理教授 (金融学系)

Professor FERGUSON Michael John (会计学院)

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数位物件识别号 (DOI) http://dx.doi.org/10.1016/j.bushor.2003.08.002

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摘要China's WTO accession has ushered in a wave of reform in its securities industry. The latest initiative is the Qualified Foreign Institutional Investor scheme, which opens up China's domestic securities markets for the first time to institutions overseas. If QFII results in major ownership changes in Chinese enterprises, the nature of corporate governance there will be irrevocably altered, with the US leading the charge for greater transparency and accountability in day-to-day corporate affairs. This article attempts to gauge the impact of this watershed event on three key factors: demand for financial disclosure reform, incentives to comply with disclosure requirements, and incentives to disclose additional information.

着者Ferguson M.J., McGuinness P.B.
期刊名称BUSINESS HORIZONS
详细描述March - April
出版年份2004
月份3
日期1
卷号47
期次2
出版社Elsevier BV
出版地Netherlands
页次53 - 61
国际标準期刊号0007-6813
语言英式英语