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In 2005, China carried out a major reform that allows the previously untradeable shares controlled by large shareholders to become tradable in the secondary market. This reform and subsequent dramatic change of behavior of controlling shareholders, offer researchers a unique opportunity to study the behavior of controlling shareholders and its implication for corporate governance. Asset injection, by which controlling shareholders sell their high quality assets to the listed companies they controlled, became instantly popular after the reform. The purpose of this paper is to provide strong evidence that such asset injection improves both the Tobin's Q and the composite financial performance score of the injected firm.

Due to the availability of sample data, this paper focuses on two major types of assets injection: the listed companies purchase the large shareholders' physical assets or equity assets (their shares of other companies) in cash; and the listed companies purchase the large shareholders' physical assets or equity assets through private stock offering, often increasing the share proportion of large shareholders.

The research findings suggest that this full listing reform aligned the interest of controlling shareholders with the company and that controlling shareholders change their behavior from tunneling to propping.

The contributions of this paper are threefold: First, the paper provides strong evidence of large shareholders' propping behavior. Second, the authors use long‐term corporate financial performance measures to study the impact of asset injection. Third, the authors investigate what types of injections will have a bigger impact on financial performance of the injected firms.

The purpose of this paper is to provide an introduction to the reverse mergers (RMs) conducted in the Chinese stock market by summarizing the regulatory system, surveying the literature on RMs and analyzing the major characteristics of 161 RM cases.

This paper introduces the characteristics and evolution of the regulatory framework governing RM activity in China. Then the paper reviews relevant academic studies on the RMs in China and other countries. Finally, the paper identifies and discusses the major characteristics of 161 RM cases in the Chinese stock market from 2006 to 2016.

Private companies that go public via RMs in China not only have superior asset quality but also demonstrate good accounting and stock price performance after listing, and these results are unlike those of studies on the quality of RMs in other countries.

This paper is based on a survey of 161 RM cases in China’s stock market, with the major characteristics of the RMs being identified and analyzed. The limitations of previous studies and suggestions for further research are discussed.

This paper suggests that the relative superior performance of RMs in the Chinese stock market is caused by the interplay of market forces and regulatory oversight. The Chinese regulator’s pragmatic and flexible approach plays an important role in formulating regulatory policies that respond to the changing macroeconomic environment and financial markets.

The area of focus is on organization strategies, specifically in developing appropriate strategies for business expansion in a situation of high economic uncertainties.

This case is designed for advanced undergraduate in the business and management programs and students in the MBA programs. It is suitable for courses of organizational management, organization theory and design, strategic management, and managerial economics.

At the end of 2009, Kumpulan Perubatan Johor Healthcare Group was the largest public-listed healthcare service provider in Malaysia, with revenues of RM1.5 billion (approximately USD0.5 billion) and a net profit after tax of RM115 million (approximately USD38 million). The country was experiencing economic downturn, which affected demands of the affluent as well as medical tourism segments, which were the targeted market of the company. Datin Paduka Siti Sa'diah Sheikh Bakir, the group's CEO and her management team realized that the company needed to seek a new growth strategy. The case stimulates a discussion on the future strategy of a high-growth healthcare company that aspired to be the leading healthcare player in the region.

Understanding the process of analyzing an industry, as well as formulating strategies, enables case analysts to extend the practice of making strategic decisions to many business situations.

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This paper reports on the experimentation of an integrated manufacturing and building model to improve energy efficiency. Traditionally, manufacturing and building-facilities engineers work independently, with their own performance objectives, methods and software support. However, with progresses in resource reduction, advances have become more challenging. Further opportunities for energy efficiency require an expansion of scope across the functional boundaries of facility, utility and manufacturing assets.

The design of methods that provide guidance on factory modelling is inductive. The literature review outlines techniques for the simulation of energy efficiency in manufacturing, utility and facility assets. It demonstrates that detailed guidance for modelling across these domains is sparse. Therefore, five experiments are undertaken in an integrated manufacturing, utility and facility simulation software IES < VE > . These evaluate the impact of time-step granularity on the modelling of a paint shop process.

Experimentation demonstrates that time-step granularity can have a significant impact on simulation model results quality. Linear deterioration in results can be assumed from time intervals of 10 minutes and beyond. Therefore, an appropriate logging interval, and time-step granularity should be chosen during the data composition process. Time-step granularity is vital factor in the modelling process, impacting the quality of simulation results produced.

This work supports progress towards sustainable factories by understanding the impact of time-step granularity on data composition, modelling, and on the quality of simulation results. Better understanding of this granularity factor will guide engineers to use an appropriate level of data and understand the impact of the choices they are making.

This paper reports on the use of simulation modelling tool that links manufacturing, utilities and facilities domains, enabling their joint analysis to reduce factory resource consumption. Currently, there are few available tools to link these areas together; hence, there is little or no understanding of how such combined factory analysis should be conducted to assess and reduce factory resource consumption.

Systemic banking crises can have devastating effects on the economies of developing or industrialized countries. This paper reviews the factors that weaken banking systems and make them more susceptible to crises. It is the first of two papers examining root causes of banking crises and time-consistent policies for resolving them.

The purpose for writing the paper is to emphasize the need for global banking reforms so as to prevent future economics crisis.

The methodology followed is based on literature review and secondary data.

This was found that banking crisis can be prevented in future by the following methods such as regulating systemic risk; separating proprietary trade; information transparency; creating a robust and resilient financial system etc.

The creation of a new systemic risk regulator, either at the national or international level would be helpful if it could warn about the major existing systemic risks, including the exploding debt, central banks' balance sheet, and the bailout mentality. The groups such as the Financial Stability Board, working along with the IMF and G20, are better suited to that role.

In the wake of the crisis, policymakers around the world are looking for ways to fix the international financial system. The paper emphasizes that we have to move towards a planetary governance structure – for the safety of the financial system. Reform of financial regulation needs clearly to be in order. It is essential with the objective of supporting global economic recovery and putting the economy back on track to sustainable growth.

The paper aims to examine the similarities of fast‐growth private enterprises (PEs) in China with particular focus on enterprises listed on growth enterprises market in order to draw managerial implications for other PEs.

The paper looks at the release effects of intangible assets in PEs. It examines the excavation effects of preferential policy on PEs and goes on to discuss the agglomeration effects of the inherent advantages of these.

The paper argues that the fast growth of PEs in our sample was attributable to three main factors, i.e. benefits of intangible assets marketisation, shrewd use of government preferential policies and technological and managerial capabilities.

This research calls for the Chinese Government to adjust relevant policies to create a fair and competitive environment for enterprises with different ownerships and different scales.

The paper highlights the fact that the social and economic conditions of China in the post‐transition period have changed greatly and that the Chinese Government needs to clarify and define the existing characteristics and functions of enterprises and improve their service‐oriented functions.

Looks at the current market environments of Telstra and PCCW, and analyses the issues and concerns raised by the announcement of this strange marriage. Concludes the main attraction for both parties is the hug untapped telecommunications market in China and other Asian countries.