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Harper Ho, Virginia --- "Capital market disclosure regimes: advancing accountability for Chinese TNCs" [2017] ELECD 256; in de Jonge, Alice; Tomasic, Roman (eds), "Research Handbook on Transnational Corporations" (Edward Elgar Publishing, 2017) 313

Book Title: Research Handbook on Transnational Corporations

Editor(s): de Jonge, Alice; Tomasic, Roman

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9781783476909

Section: Chapter 11

Section Title: Capital market disclosure regimes: advancing accountability for Chinese TNCs

Author(s): Harper Ho, Virginia

Number of pages: 26

Abstract/Description:

This chapter explores the role of disclosure in global capital markets as a mechanism for promoting the accountability of TNCs to investors and to broader stakeholder constituencies. It opens with a discussion of the role of standard financial reporting within the regulatory landscape, as well as emerging trends in non-financial or sustainability disclosure. The chapter then presents a case study of the implementation of voluntary and mandatory reporting requirements by stock exchanges, regulators, and TNCs based in Mainland China. China’s experience shows that even in emerging markets where market-based incentives and external monitoring are weak, capital market disclosure regimes can be an important source of TNC oversight.