This thesis examines the role of market micro-structure and communication in takeovers that involve shareholders' investment decisions and the selection of a takeover mechanism by a raider under asymmetric information. For this purpose, rational expectations equilibrium models are employed and examples are worked in detail. / In the context of market micro-structure, it is shown that there is a greater probability of success of a takeover when the shareholders are risk averse that when they are risk neutral, and the probability that a takeover succeeds is related non-positively to the fraction of shares held by the raider. / In order to study communication, two takeover mechanisms are studied which are tender offers and negotiated takeovers. A negotiated takeover allows for communication between the shareholders and the raider before any takeover announcement. It is shown that communication offsets partially the negative impact of risk aversion on the probability that a hostile takeover occurs.

Thesis (MBusiness-Research)--University of South Australia, 2003.

The purposes of this thesis are threefold: (1) to investigate the incidence of insider trading in China; (2) to critically examine the regulation of insider trading in China within the Chinese context; and (3) to set out reform proposals. At present, insider trading is a very serious issue in China as it presents a major obstacle to the development of China???s securities market. This thesis is therefore of both theoretical and practical significance. Based on both theoretical arguments and empirical findings, this thesis investigates the extent of insider trading in China, explains why insider trading occurs in China, and examines the harmful and allegedly beneficial effects of insider trading. Insider trading is found to be widespread and widely considered to be harmful in China. This accounts for the fact that China has shown a great willingness to follow the international trend to regulate insider trading. Indeed, with the benefit of overseas experience, China has made a remarkable achievement in establishing its insider trading regulatory regime within a relatively short period of time. Despite this, there are a number of major problems with this regulatory regime, mainly due to the adoption of foreign ideas without due criticism. This is illustrated by various loopholes found in the definition of what is an ???insider???, which are related to confusion over underlying theories of insider trading liability. The thesis conducts an indepth analysis of these theories on a comparative law basis, recommending that the equality of access theory and the Australian ???information connection??? only approach are better suited to China. The thesis also examines other basic elements of insider trading, including the concept of materiality, the issue of when information becomes public, and the subjective elements of insider trading. Furthermore, a detailed discussion is carried out concerning the issue of private civil liability for insider trading. It is submitted that the combination of the nondisclosure-period-traders approach and well-designed damage caps can best ensure that private actions serve as a necessary and appropriate force in the enforcement of insider trading law.

This dissertation considers the reforms made to the liability rules in Australia�s prospectus laws during the 1990s. It traces the rewrite of the fundraising provisions at the end of the 1980s as part of the new Corporations Law through to the rewrite of those provisions at the end of the 1990s as part of the CLERP Act initiative. As the law in this area is not particularly well served by detailed judicial or academic analysis in Australia, the dissertation seeks to define the scope of the Australian liability regime by reference to case law analysis, a review of relevant theoretical considerations and comparative analysis with other key jurisdictions. The thesis of the dissertation is that many of the reforms were, particularly initially, misconceived in key respects because of a failure to apply appropriate theoretical underpinnings and to take account of the lessons that could have been learned from a comparative analysis with other key jurisdictions.

Thesis (Ph. D.)--University of Texas at Austin, 2007. / Vita. Includes bibliographical references.

Thesis (Ph.D.)--Tufts University, 2005. / Chair: Laurent L. Jacque. Submitted to the Fletcher School of Law and Diplomacy. Includes bibliographical references (leaves 100-114). Access restricted to members of the Tufts University community. Also available via the World Wide Web;

Thesis (Ph.D.)--Hong Kong University of Science and Technology, 2007. / Includes bibliographical references. Also available in electronic version.

Thesis (Ph. D.)--University of New South Wales, 1998. / Bibliography: leaves 391-401. Also available online.

Zugl.: Köln, Universiẗat, Diss., 2008.

Thesis (Ph.D.). / Written for the Desautels Faculty of Management. Title from title page of PDF (viewed 2008/01/12). Includes bibliographical references.