Government Intervention in the Reorganisation of Listed Companies in China

This book is a comprehensive empirical study on bankruptcy re-organizations of listed companies in China, examining the nature, extent, and appropriateness of government intervention. It finds that government intervention is the biggest obstacle to the smooth implementation of China's reorganisation system, highlighting the need for reform.

Format: Paperback / softback
Length: 350 pages
Publication date: 29 September 2022
Publisher: Cambridge University Press

This comprehensive empirical study delves into the intricate process of bankruptcy reorganization among listed companies in China, spanning a period from 2007 to 2018. By examining the reorganization of fifty-three listed companies that faced bankruptcy during this timeframe, the book offers a detailed and accurate portrayal of the bankruptcy law landscape in China. Through the analysis of raw data from thousands of public announcements made by listed companies, the author provides a comprehensive overview of the various aspects and challenges associated with bankruptcy proceedings in the country.

The book explores the nature, scope, and appropriateness of government intervention in bankruptcies of listed companies, examining the impact of bankruptcy institutions established by the bankruptcy laws on constraining government interference. The findings suggest that while these laws have aimed to mitigate government intervention, they have fallen short in effectively preventing it. In fact, government intervention remains the primary obstacle to the smooth implementation of China's reorganization system, a distinctive feature of the socialist market economy.

This book holds broader relevance in informing the ongoing debate surrounding the government's continued intervention in economic activities in China. It sheds light on the complexities and challenges faced by listed companies during bankruptcy proceedings and provides valuable insights into the policy considerations and reforms necessary to enhance the effectiveness of China's bankruptcy system. By examining the experiences of these companies, the book contributes to a deeper understanding of the economic dynamics and governance challenges in China, offering valuable perspectives for policymakers, scholars, and stakeholders interested in the country's economic development.

Weight: 512g
Dimension: 151 x 228 x 22 (mm)
ISBN-13: 9781108721806