With the enactment of the Qualified Foreign Institutional Investor Act in 2002, more and more foreign institutional investors such as Citigroup and HSBC have been investing in China’s US$500 billion stock markets. It is not clear however, whether these minority shareholders are fully aware of the investment risks associated with the potential expropriation by the controlling shareholders (the parent companies) and the absence of sound corporate governance.

In a recent joint study with Prof Joseph Aharony from Tel Aviv University (formerly a visiting professor at SMU during 2004/5 academic year) and Prof Yuan Hongqi from Shanghai University of Finance and Economics, titled “Related Party Transactions: A ‘Real’ Means of Earnings Management and Tunneling during the IPO...

BEWARE, FOREIGNERS WHO INVEST IN NEWLY LISTED COMPANIES IN CHINA

CHINA’S FAST-CHANGING ECONOMIC STRUCTURE AND ITS IMPLICATIONS FOR EAST ASIA

TWO NEW LESSONS FROM THE ASIAN MIRACLES

THE USEFULNESS OF RETURN ON CAPITAL AS A MEASURE OF CORPORATE PERFORMANCE

DOES TOURISM HELP REDUCE POVERTY? IT IS A QUESTION OF POLITICS

HOW IMPORTANT IS THE MORAL DIMENSION OF RISK PERCEPTION?

RAPID PROTOTYPING OF META-HEURISTICS

USING ORGANIZATIONAL REMEDIES TO RESTORE PERCEPTIONS OF JUSTICE IN THE WORKPLACE

BOOK REVIEW OF "THE TIPPING POINT"

CAN ONLINE REVIEWS REVEAL A PRODUCT’S TRUE QUALITY?

MAKING SENSE OF THE RELATIONSHIPS BETWEEN INTRA-DAY STOCK PRICES, TRADING VOLUME AND TIME DURATION BETWEEN CONSECUTIVE TRANSACTIONS

SPECIAL RESEARCH EVENTS