The ethics of tax evasion has been discussed sporadically in the theological and philosophical literature for at least 500 years. Martin Crowe wrote a doctoral thesis that reviewed much of that literature in 1944. This paper begins with a review of the literature and identifies the main issues...

This paper reviews the background, practice, core problems, effectiveness and prospects of corporate governance in Hong Kong. Areas discussed include the standard and core problems, legal and regulatory framework, owner-directors and conflicts with minority shareholders, directors' duties and...

Using corporate payout data from 33 economies around the world, this study investigates the relations among stock repurchases, dividends and firm value (as well as cash value) under different investor protection environments. We find that stock repurchases contribute more to firm value in...

Fostering social harmony has been one of the three prime areas of concern as stated in the Hong Kong Special Administrative Region (HKSAR) Government’s recent policy addresses. This study aims at ascertaining how Hong Kong people perceive Hong Kong as a harmonious society. It also identifies...