IPO effects: corporate restructuring when a firm goes public

The public affairs of a firm issuing an initial public offering (IPO) are a critical part of the corporate restructuring efforts which firms face during the process of going public. In this paper, Bowman and Singh's (1993) definition is used to illustrate how issuing an IPO is a significant form of corporate restructuring. Public affairs are critical during both the pre‐IPO phase and during the period leading up to the IPO, as the firm must negotiate a heavily institutionalised process to successfully complete the issue. Here, the six‐year life of ‘Deja News’ is used as a way to illustrate and explain the public affairs during the process of preparing for and issuing an IPO. Copyright © 2004 Henry Stewart Publications     

论儿童证人

由于儿童具有特殊的生理和心理,对于其作证资格,历来有许多争议。但儿童证人资格属于证明能力问题,而儿童证言可信性则属证明力的问题。由于儿童各方面发育还未完全成熟、稳定,在儿童作证时,有必要采取适当的保护措施,以减轻儿童作证的压力,且可保障儿童证言的质量。     

完善我国政府采购监督制度之思考

完善的政府采购监督制度有利于保障政府采购当事人的合法权益,预防和遏止违法行为,加强市场监管。但目前我国的政府采购监督制度存在立法形式散乱,主管机关赋予的监督权太少,确定的监督范围狭窄,监督法律体制不健全等诸多问题,需要通过采取结合型立法模式,构建政府采购监督法律体系,扩大主管机关的监督权和监督范围,规定监督标准和监督程序以及健全监督体制等措施来加以完善。     

试论刑事附带民事诉讼判决的既判力

我国《刑事诉讼法》在刑事附带民事诉讼的具体制度设计上存在诸多不合理之处。无论在立法还是司法实践中,对刑事判决和民事判决之间的冲突如何协调,均存在一定模糊性。应从挽回损失、补偿受害人的角度实行民刑分立,同时启动程序分别进行审判,更好地保护被害人的合法权益。     

超期羁押28年案件凸现我国人权法制的软肋——关于谢洪武悲剧的法理与制度分析

超期羁押28年的谢洪武案件是我国人权法制实践中一个悲剧性的典型案例,暴露出我国人权保障机制的一系列突出问题,主要是法律理念严重滞后、有关法律制度不健全、价值取向发生偏差;在人权入宪的背景下透视我国人权法制发展问题,应以尊重和保障人权为立足点推进法制转型,特别是推动法律观念革新和人权法制创新,这是实现依法治国方略、建设和谐社会的必由之路.     

适度扩大警察职权 构建行政管束制度——从“疯裸女久卧街头无人问津”谈起

女精神病人久卧街头,警察拒绝救助引发争议。根据《人民警察法》,公安机关有协助救助的义务;依照《城市生活无着的流浪乞讨人员救助管理办法》,对于城市流浪乞讨人员,公安机关不能再强制收容遣送。由于缺乏法律依据,没有行政管束权力,警察无法发挥协助救助的作用。警务实践已经突破警察法建立的框架,迫使我们增加适应社会需要的新的法律规范,适度地扩大警察职权,构建行政管束制度。     

Hedge Funds, the Deutsche Börse Affair and Predatory Anglo-American Capitalism

Boardroom trouble at Deutsche Börse, the company that operates Germany's main stock market, has recently provoked an important debate about competing capitalist models. Werner Seifert, Deutsche Börse's ousted Chief Executive, was eager to portray himself as the innocent victim of aggressive Anglo-American investors who had bought into his company but failed to understand its traditional operating ethos. In this, he was ably supported by key figures within the ruling Social Democratic Party, who, in order to shore up the party's core support, had increasingly come to blame overseas hedge funds for the development of German corporate governance models which prioritised profits over jobs. I review the SPD's structural reading of the Deutsche Börse affair, whilst comparing it to an alternative interest-based reading. The latter allows me to focus more closely on the issue which, more than any other, led to Seifert's downfall: his refusal to bow to the expressed interests of his own shareholders by pressing ahead, against their wishes, with a hostile bid for the London Stock Exchange. Seifert's eventual removal foreclosed the possibility of an integrated London-Frankfurt stock market and, somewhat ironically given the SPD's response to the affair, as a consequence it also prevented the entry of London's highly capitalised institutional investors into the German market for corporate control. The actions of Deutsche Börse's overseas shareholders might still be seen as evidence of a predatory Anglo-American capitalism. However, their successful removal of Werner Seifert may well have been responsible for temporarily keeping other financial predators at bay.     

依法行政下的行政许可--以自由裁量权为视角

行政行为的自由裁量权不可忽视或否认,科学的态度是考虑如何将自由裁量权控制在合理范围内.行政许可存在自由裁量权,但应比其他行政行为得到更为严格的控制.而在事前、事中、事后相结合的法律机制中,程序控制更应受到重视.     

试析中国和平崛起中的软权力因素

中国和平崛起符合我国的战略利益,它是我国综合国力全面提升的过程。其中,软权力既是推动我国和平崛起的重要因素,也是衡量和平崛起的重要指数。它是硬权力的重要补充,具有硬权力所不能及的特殊作用。在今天的时代背景下,我国要实现和平崛起离不开对软权力的培育和运用。     

后现代质疑现代性对实践科学发展观的借鉴作用

现代性是现代资本主义社会的经济秩序、政治体制、文化状况的统称.质疑现代性、批判现代性是后现代主义的根本特征与价值取向.后现代主义对现代性的质疑,主要有:以"微观权力论"质疑批判了西方所谓的建立在理性主义基础上的自由民主制度;以"工具理性"概念揭露了资本主义制度下科学技术异化为统治人的力量,对自然界和人类社会造成的危害;以"非中心化"思想,质疑现代化中出现的形形色色的中心主义,诸如,人类中心主义、个人中心主义、欧洲中心主义等等,同时表达了对处于社会边缘的弱势群体的价值和利益的关注.这些质疑对实践科学发展观的主要启迪是:首先要明确我们搞的现代化不是西方化,只有坚持社会主义方向,走社会主义道路,促进生产力发展,才能避免西方现代化中出现的一些弊端;在现代化进程中,要注意从产生异化的原因入手,创造条件防止科学技术异化为统治人的力量;在处理人与自然的关系上,要拒斥狭隘的人类中心主义,正确认识、处理经济系统与生态系统的矛盾,求得经济与社会的协调的可持续发展.