Board independence as a panacea to tunnelling? An empirical study of related party transactions in Hong Kong and Singapore

• Main Authors: CHEN, Christopher C. H., WAN, Wai Yee, ZHANG, Wei
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2018
• Subjects: Corporate governance; Legal transplants; Related party transactions Tunnelling; Asian Studies; Business Law, Public Responsibility, and Ethics; Commercial Law; International Law
• Online Access: https://ink.library.smu.edu.sg/sol_research/2815; https://ink.library.smu.edu.sg/context/sol_research/article/4773/viewcontent/SSRN_id2991423.pdf
• Institution: Singapore Management University

In this article, we examine a general question: is the legal transplantation of corporate governance rule effective in curtailing agency costs? Entering into the 21st century, we have seen reforms of corporate governance standards in the Far East since the Asian Financial Crisis in 1997, including i...