https://www.scmp.com/rss/501175/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com [Sponsored Article] Existing research shows that corporate payout policies are greatly influenced by the legal protection of shareholders and creditors. Yet in the past, less attention has been paid to labour – another important claimant of companies’ resources. Workers, who prefer that companies hold on to profits rather than make cash payouts, have great potential to limit rent distribution among shareholders. “The primary objective of labour is to maximise the present value of their expected... https://www.scmp.com/presented/business/topics/china-business-knowledge/article/3043007/how-labour-power-shapes?utm_source=rss_feed https://www.scmp.com/presented/business/topics/china-business-knowledge/article/3043007/how-labour-power-shapes?utm_source=rss_feed Fri, 27 Dec 2019 02:50:30 +0000 [Sponsored Article] Ownership structure plays a critical role in the incentives and behaviour of business organisations. The effects of firm ownership dispersion across managers and investors have been examined in past studies. Yet Prof. Joseph P.H. Fan from The Chinese University of Hong Kong (CUHK) has extended the literature by examining the roles of ownership structure within a controlling family.  His research “The impact of ownership transferability on family firm governance and... https://www.scmp.com/presented/business/topics/china-business-knowledge/article/3043011/when-family-trusts-affect-value?utm_source=rss_feed https://www.scmp.com/presented/business/topics/china-business-knowledge/article/3043011/when-family-trusts-affect-value?utm_source=rss_feed Fri, 27 Dec 2019 02:48:59 +0000 [Sponsored Article] Optimism is widely considered by the society as a desirable attribute. Many of us believe that having an optimistic attitude will open doors to new opportunities, make us work hard, and attract good things in life. We also like to be around and work with positive people rather than those who are negative and who complain all the time. In general, we believe that optimists, given their positive attitudes and diligent work, can achieve more in life. An intriguing question then... https://www.scmp.com/presented/business/topics/china-business-knowledge/article/3043004/earning-high-salary-and-having?utm_source=rss_feed https://www.scmp.com/presented/business/topics/china-business-knowledge/article/3043004/earning-high-salary-and-having?utm_source=rss_feed Fri, 27 Dec 2019 02:45:14 +0000 [Sponsored Article] Religion has profound impacts on the society and individuals. It elicits certain connotations, especially in terms of ethics among both believers and nonbelievers. Most people tend to think the more religious a person is, the more trustworthy or upright he or she is. The same mindset can be applied in the business world, as research by The Chinese University of Hong Kong (CUHK) Business School reveals. The study entitled “Religion and Bank Loan Terms” by Prof. Maggie Hu from... https://www.scmp.com/presented/business/topics/china-business-knowledge/article/3043002/does-religion-affect-loan?utm_source=rss_feed https://www.scmp.com/presented/business/topics/china-business-knowledge/article/3043002/does-religion-affect-loan?utm_source=rss_feed Fri, 27 Dec 2019 02:43:09 +0000 China is a big, lucrative market with 1.4 billion potential consumers. But it’s also a notoriously competitive place where many foreign companies – including Amazon, Uber and Best Buy – have failed. Still, some enterprising foreigners have managed to become rich and successful in the country. Five of them even made it onto the annual Hurun China Rich List, which has been ranking the country’s wealthiest people since 1999.  Here are their stories, in ascending order from rich to super rich:  1.... https://www.scmp.com/business/how-make-millions-china-even-if-youre-not-chinese/article/3032369?utm_source=rss_feed https://www.scmp.com/business/how-make-millions-china-even-if-youre-not-chinese/article/3032369?utm_source=rss_feed Thu, 10 Oct 2019 11:18:27 +0000 [Sponsored Article] My recent publication in the European Journal of Finance assesses the link between voluntary prospectus-based disclosure and a range of IPO pricing outcomes1 for issuers listing on HKEX. A significant amount of disclosure is necessary for an entity contemplating stock listing on an organised exchange market. For any firm granted initial public offering (IPO) approval, publication of a listing prospectus precedes the general invitation for investor subscriptions.2 Prospectus... https://www.scmp.com/presented/business/topics/china-business-knowledge/article/3014470/importance-prospectus-based?utm_source=rss_feed https://www.scmp.com/presented/business/topics/china-business-knowledge/article/3014470/importance-prospectus-based?utm_source=rss_feed Tue, 18 Jun 2019 04:45:54 +0000 [Sponsored Article] Autocratic regimes control traditional media and use optimistically biased news reports – including corporate news – to strengthen their political power. This is because they know negative news can destabilise the economy and weaken their position. In China, new forms of social media, such as online stock platforms which rely on the ‘wisdom of crowds’ for independent user-generated content, are now supplying market information. Can this form of social media correct the bias... https://www.scmp.com/presented/business/topics/china-business-knowledge/article/3014468/can-wisdom-crowds-correct?utm_source=rss_feed https://www.scmp.com/presented/business/topics/china-business-knowledge/article/3014468/can-wisdom-crowds-correct?utm_source=rss_feed Tue, 18 Jun 2019 04:45:42 +0000 [Sponsored Article] There is growing uncertainty about how recent trade disputes between the United States and China will be resolved, and how it could affect the rest of the world. Academics from The Chinese University of Hong Kong (CUHK), City University of New York, and the University of Texas in Dallas who examined the two countries’ global trading history and relationship believe they can provide valuable insights into the possible outcome. In November 2018, the trade dispute ceased for 90... https://www.scmp.com/presented/business/topics/china-business-knowledge/article/3014464/how-us-china-trade-dispute-will?utm_source=rss_feed https://www.scmp.com/presented/business/topics/china-business-knowledge/article/3014464/how-us-china-trade-dispute-will?utm_source=rss_feed Tue, 18 Jun 2019 04:45:33 +0000 [Sponsored Article] Our world is connected. This is true in all walks of life and the business world is no exception. According to a report by Forbes, 69 percent of the 2,533 firms in 26 emerging markets are family-owned. Hutchison Whampoa Limited, owned by famous Hong Kong tycoon Li Ka-shing, is just one example of a powerful business group. “A business group is a collection of legally independent firms that are bound by formal economic ties such as ownership, financial and commercial... https://www.scmp.com/presented/business/topics/china-business-knowledge/article/3014388/business-groups-are-driving?utm_source=rss_feed https://www.scmp.com/presented/business/topics/china-business-knowledge/article/3014388/business-groups-are-driving?utm_source=rss_feed Tue, 18 Jun 2019 04:45:23 +0000