MatchIt implements the suggestions of Ho, Imai, King, and Stuart (2007) for improving parametric statistical models by preprocessing data with nonparametric matching methods. MatchIt implements a wide range of sophisticated matching methods, making it possible to greatly reduce the dependence of...

Tung Chung-Shu (179-104B.C.) synthesized the works of Confucius and Mencius to come up with a blueprint for the creation of civil society based on hierarchical order and moral cultivation, known as ‘San Gang Wu Chang’. ‘San Gang’ refers to the obligations attached to three key...

Much has been said about the convergence of corporate governance and regulations. The underlying assumptions of this phenomenon are driven by globalisation and the dominance of the Anglo-US model of corporate governance. Since the Asian crisis in 1997, Hong Kong and perhaps to a less extend...

The explanatory value of ethics and ethical behaviour underpinning recent compliance events in China is a topic deserving of careful consideration. Searching for reasons why compliance events take place, while cognitive, could also involve a perceptual “feel”, or an attributional response. A...

China is now an economic superpower. However, the sustainability of this Chinese economic miracle rests upon good governance buoyed by the rule of law. Whilst the notion of the rule of law is a complex subject matter, the ability to bring about a social order backed by laws under an integrated...

Alibaba's failed bid to list on the Hong Kong Stock Exchange (HKEx) made newspaper headlines because it would have been the largest listing in the territory by far. Whilst the merits and demerits of dual class structure boil down to the choice of what shareholders want, it is a departure from...

This article critically engages the international debate on regulatory approaches to corporate creditor protection. It analyses recent reforms to the PRC Company Law in 2014, which removed minimum capital requirements for most limited liability companies in China. Using Chinese court cases, the...

In the post Global Financial Crisis economic order, having robust formal corporate rescue procedures maybe critical for a company facing financial distress, otherwise liquidation means a ‘lose-lose' proposition for both shareholders and creditors. Whilst the hold up for such legislation in...

Based on reduced-order causal observer-based controllers for singular systems, a new Bezout factorization composed of all proper stable transfer functions is established. The resulting controller parameterization is characterized. The relationship between the Bezout factorization in the present...

Hong Kong is a unique cosmopolitan business hub driven by pragmatism with a Chinese flair, in which, for many Chinese enterprises, corporate law and governance were introduced as alien concepts. As in many other countries, Hong Kong is obligated by international markets to embrace these...