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Law environment, government regulation and implicit contract: Empirical evidence from the scandals of China’s listed companies

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  • Donghua Chen
  • Tiesheng Zhang
  • Xiang Li

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  • Donghua Chen & Tiesheng Zhang & Xiang Li, 2008. "Law environment, government regulation and implicit contract: Empirical evidence from the scandals of China’s listed companies," Psychometrika, Springer;The Psychometric Society, vol. 3(4), pages 560-584, December.
    • Handle: RePEc:spr:psycho:v:3:y:2008:i:4:p:560-584
    DOI: 10.1007/s11459-008-0028-2
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    References listed on IDEAS

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    1. Edward L. Glaeser & Andrei Shleifer, 2001. "A Reason for Quantity Regulation," American Economic Review, American Economic Association, vol. 91(2), pages 431-435, May.
    2. Edward Glaeser & Simon Johnson & Andrei Shleifer, 2001. "Coase Versus the Coasians," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 116(3), pages 853-899.
    3. La Porta, Rafael & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert W. Vishny, 1997. "Legal Determinants of External Finance," Journal of Finance, American Finance Association, vol. 52(3), pages 1131-1150, July.
    4. Cheffins, Brian R, 2001. "Does Law Matter? The Separation of Ownership and Control in the United Kingdom," The Journal of Legal Studies, University of Chicago Press, vol. 30(2), pages 459-484, Part I Ju.
    5. Rafael La Porta & Florencio Lopez‐de‐Silanes & Andrei Shleifer & Robert W. Vishny, 2000. "Agency Problems and Dividend Policies around the World," Journal of Finance, American Finance Association, vol. 55(1), pages 1-33, February.
    6. Rothenberg, Lawrence S., 1988. "Braking the Special Interests: Trucking Deregulation and the Politics of Policy Reform. By Dorothy Robyn (Chicago: University of Chicago Press, 1987. ix, 295p. $24.95)," American Political Science Review, Cambridge University Press, vol. 82(1), pages 302-303, March.
    7. Rafael La Porta & Florencio Lopez‐De‐Silanes & Andrei Shleifer, 1999. "Corporate Ownership Around the World," Journal of Finance, American Finance Association, vol. 54(2), pages 471-517, April.
    8. Johnson, Simon & Boone, Peter & Breach, Alasdair & Friedman, Eric, 2000. "Corporate governance in the Asian financial crisis," Journal of Financial Economics, Elsevier, vol. 58(1-2), pages 141-186.
    9. Katharina Pistor & Chenggang Xu, 2005. "Governing Emerging Stock Markets: legal vs administrative governance," Corporate Governance: An International Review, Wiley Blackwell, vol. 13(1), pages 5-10, January.
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    Cited by:

    1. Xin Yu & Peng Zhang & Ying Zheng, 2015. "Corporate Governance, Political Connections, and Intra-Industry Effects: Evidence from Corporate Scandals in China," Financial Management, Financial Management Association International, vol. 44(1), pages 49-80, March.

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    More about this item

    Keywords

    law environment; government regulation; implicit contract; corporate scandal; K22; K23; 法律环境; 政府맜制; 隐性契约; 公司丑闻;
    All these keywords.

    JEL classification:

    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law

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