E-resources
Peer reviewed
-
Wei, Chuyi; McCormack, Gerard; Zhao, Jingchen
The journal of corporate law studies, 07/2023, Volume: 23, Issue: 2Journal Article
This article presents a comprehensive review of China's recent market-oriented Debt-to-Equity Swap (DES) programme, a strategy developed to alleviate financial distress in companies and reduce the country's overall debt. The effectiveness of the programme in China remains a subject of debate, with particular concerns about government interference. This study uncovers that, while China's DES transactions show signs of becoming more 'market-oriented', the evolution is hindered by the current legal and financial institutions. The findings of this study reinforce the 'law and finance' theory, emphasising the crucial function of sound legal systems in enabling private bargains and promoting financial development and economic growth. To facilitate truly market-oriented DES and efficient corporate restructuring, the study underscores the need for China to foster reforms in legal and financial institutions. Key recommendations include promoting fairness in formal reorganisation, developing a separate restructuring framework, and exploring effective valuation methods.
![loading ... loading ...](themes/default/img/ajax-loading.gif)
Shelf entry
Permalink
- URL:
Impact factor
Access to the JCR database is permitted only to users from Slovenia. Your current IP address is not on the list of IP addresses with access permission, and authentication with the relevant AAI accout is required.
Year | Impact factor | Edition | Category | Classification | ||||
---|---|---|---|---|---|---|---|---|
JCR | SNIP | JCR | SNIP | JCR | SNIP | JCR | SNIP |
Select the library membership card:
If the library membership card is not in the list,
add a new one.
DRS, in which the journal is indexed
Database name | Field | Year |
---|
Links to authors' personal bibliographies | Links to information on researchers in the SICRIS system |
---|
Source: Personal bibliographies
and: SICRIS
The material is available in full text. If you wish to order the material anyway, click the Continue button.