Article history: Received 17 June 2013 Received in revised form 9 December 2013 Accepted 8 April 2014 Available online 29 October 2014 Using data on China's split-share structure reform that floats non-tradable shares, we find that Qualified Foreign Institutional Investors (QFIIs) have greater influence over the controlling state shareholders than localmutual funds. QFIIs are less prone to poli...

This paper is concerned with the English Court of Appeal's decision in Yearworth v North Bristol NHS Trust that six men had, for the purposes of their claims against the trust, ownership of the sperm they had produced. The case has been discussed by many commentators and most, if not all, of those who have discussed the case have claimed or assumed that the court held that the claimants had pro...

Analysts have likened the growing direct state role in Kazakhstan’s petroleum sector since 2002 to a form of ―resource nationalism‖ that is part of a global trend precipitated by high oil prices. This interpretation has obvious appeal, both in light of earlier periods in which waves of nationalization coincided with oil price booms and the recent socalled ―re-nationalizations‖ in Bolivia, Venez...

This paper examines whether and how ownership structure affects the trade credit policies in smalland medium-sized firms (SMEs) using a sample obtained from a survey of Chinese enterprises. Specifically, we examine how ownership concentration affects SMEs’ use of trade credit through influencing the availability of bank credit. We also examine whether the ownership of the ultimate controller in...

Dynamic, disaggregate choice models which use longitudinal data axe known to have clear advantages over cross-sectional models, but they also have their own unique estimation problems. The correlation among unobserved error components ("heterogeneity") that is likely to exist in such data sets can be the source of apparent state dependence, but true state dependence is also possible. A review o...

This article addresses the ownership of Underwater Cultural Heritage (“UCH”) on the ocean floor outside of any nation’s jurisdiction (“the Area”), which was discussed, but not settled, in the two main international marine conventions: the 1982 United Nations Convention on the Law of the Sea (“1982 UNCLOS”) and the United Nations Educational, Scientific and Cultural Organization (“UNESCO”) Conve...

The Current State of the Debate privatization of infrastructure in many developing countries has spawned new critiques of Mary Shirley privatization. How do theory Patrick Walsh and empirical evidence answer the much-debated questions, Which is more important to performance, competition or private ownership? Are state enterprises more subject to welfare-reducing interventions by government than...