The recent Split Share Structure Reform launched by the government in the Chinese stock market terminates trading constraints on restricted shares. In exchange for the consent of freely traded shareholders, restricted shareholders offer them consideration mainly in the form of restricted shares....

In this paper, we consider for the first time the impact of fund regulation on the international distribution of investment funds. We study the 2001 Undertakings for Collective Investment in Transferable Securities (UCITS) Directive of the European Union, which was put in place to mitigate fraud...

‘Without integrity, nothing works!’ Michael Jensen, Jesse Isidor Straus Emeritus Professor of Business Administration, Keynote Remarks at the Conference on Law, Ethics and Finance at York University Schulich School of Business, September 2010.