Repository logo
  • English
  • 中文
Log In
Have you forgotten your password?
  1. Home
  2. College of Management / 管理學院
  3. International Business / 國際企業學系
  4. The Governance of Dual-Class Stocks: The Case of Alibaba
 
  • Details

The Governance of Dual-Class Stocks: The Case of Alibaba

Date Issued
2016
Date
2016
Author(s)
Shu, Evan
DOI
10.6342/NTU201600469
URI
http://ntur.lib.ntu.edu.tw//handle/246246/272737
Abstract
This paper explores the situation surrounding Alibaba Group Holding Limited applying to list on the Hong Kong Exchanges and Clearing (HKEx) before eventually listing on the New York Stock Exchange. While the company did attract the attention of the HKEx, the company’s unique governance structure of giving full control to company insiders despite an asymmetric balance to equity caused Hong Kong’s Securities & Futures Commission (SFC) to balk on the situation. With the company unwilling to adjust its governance structure and the SFC rejecting an exemption to its “one-share-one-vote” policy, Alibaba rescinded its application and listed on the NYSE, one of the major suitors of the company. This left Hong Kong in a dilemma as it proposed to drop its ban on dual-class stocks. In the end, the former British colony, to praise of governance experts, decided to maintain its protection of the investor and keep its “one-share-one-vote” policy.
Subjects
corporate governance
dual-class stocks
one share-one vote
Type
thesis
File(s)
Loading...
Thumbnail Image
Name

ntu-105-R02749032-1.pdf

Size

23.32 KB

Format

Adobe PDF

Checksum

(MD5):cdb03ddf7b089a8881c5af5e85badde8

臺大位居世界頂尖大學之列,為永久珍藏及向國際展現本校豐碩的研究成果及學術能量,圖書館整合機構典藏(NTUR)與學術庫(AH)不同功能平台,成為臺大學術典藏NTU scholars。期能整合研究能量、促進交流合作、保存學術產出、推廣研究成果。

To permanently archive and promote researcher profiles and scholarly works, Library integrates the services of “NTU Repository” with “Academic Hub” to form NTU Scholars.

總館學科館員 (Main Library)
醫學圖書館學科館員 (Medical Library)
社會科學院辜振甫紀念圖書館學科館員 (Social Sciences Library)

開放取用是從使用者角度提升資訊取用性的社會運動,應用在學術研究上是透過將研究著作公開供使用者自由取閱,以促進學術傳播及因應期刊訂購費用逐年攀升。同時可加速研究發展、提升研究影響力,NTU Scholars即為本校的開放取用典藏(OA Archive)平台。(點選深入了解OA)

  • 請確認所上傳的全文是原創的內容,若該文件包含部分內容的版權非匯入者所有,或由第三方贊助與合作完成,請確認該版權所有者及第三方同意提供此授權。
    Please represent that the submission is your original work, and that you have the right to grant the rights to upload.
  • 若欲上傳已出版的全文電子檔,可使用Open policy finder網站查詢,以確認出版單位之版權政策。
    Please use Open policy finder to find a summary of permissions that are normally given as part of each publisher's copyright transfer agreement.
  • 網站簡介 (Quickstart Guide)
  • 使用手冊 (Instruction Manual)
  • 線上預約服務 (Booking Service)
  • 方案一:臺灣大學計算機中心帳號登入
    (With C&INC Email Account)
  • 方案二:ORCID帳號登入 (With ORCID)
  • 方案一:定期更新ORCID者,以ID匯入 (Search for identifier (ORCID))
  • 方案二:自行建檔 (Default mode Submission)
  • 方案三:學科館員協助匯入 (Email worklist to subject librarians)

Built with DSpace-CRIS software - Extension maintained and optimized by 4Science