Law Market Forces Underlying International Jurisdictional Competition: The Case of Taiwan's Regulatory Evolution on Outward Investment in Mainland China, 1997--2008
type: CreativeWork
description: "This dissertation seeks to explore how basic law market demand and supply forces (or underlying exit and voice rights), interplaying under international jurisdictional competition among global legal centers, shape regulations laid down by such a democratically-constrained onshore jurisdiction as Taiwan. The thesis in this dissertation is that jurisdictional competition brought about by physical mobility would provoke a change in local laws. In general, the case study of Taiwan's regulatory evolution on outward investment in Mainland China (""China-Investment"") from 1997 to 2008 further examines the extent to which jurisdictional competition fuelled by physical mobility may drive local legal changes. In particular, this case study is to test the process by which constraints on excessive regulation would be imposed by international jurisdictional competition stimulated by business demands and fuelled by physical mobility. To begin with, after incorporating basic theories involving the law market and so forth, I draw lessons from corporate charter competitions in the 19th-century U.S. and contemporary Europe as well as the negative effect of the Sarbanes-Oxley Act of 2002 on foreign issuers, that jurisdictional competition constrains regulating jurisdictions from disregarding business demands and from imposing excessive regulation, and that jurisdictional competition brought about by mobility or exit would push for legal flexibility. Subsequently, this case study first displays a stage-by-stage liberalization of the regulation on China-Investment, generally from strictly mandatory to much more flexible legal regimes. This phenomenon could demonstrate the output of market interactions between demand and supply sides of the international law market among global legal centers. Specifically, this dissertation gives a causal interpretation that business demands of Taiwanese firms, via their exit and voice rights, galvanize the relaxation transitions of Taiwan's Capital Co…
abstract: "This dissertation seeks to explore how basic law market demand and supply forces (or underlying exit and voice rights), interplaying under international jurisdictional competition among global legal centers, shape regulations laid down by such a democratically-constrained onshore jurisdiction as Taiwan. The thesis in this dissertation is that jurisdictional competition brought about by physical mobility would provoke a change in local laws. In general, the case study of Taiwan's regulatory evolution on outward investment in Mainland China (""China-Investment"") from 1997 to 2008 further examines the extent to which jurisdictional competition fuelled by physical mobility may drive local legal changes. In particular, this case study is to test the process by which constraints on excessive regulation would be imposed by international jurisdictional competition stimulated by business demands and fuelled by physical mobility. To begin with, after incorporating basic theories involving the law market and so forth, I draw lessons from corporate charter competitions in the 19th-century U.S. and contemporary Europe as well as the negative effect of the Sarbanes-Oxley Act of 2002 on foreign issuers, that jurisdictional competition constrains regulating jurisdictions from disregarding business demands and from imposing excessive regulation, and that jurisdictional competition brought about by mobility or exit would push for legal flexibility. Subsequently, this case study first displays a stage-by-stage liberalization of the regulation on China-Investment, generally from strictly mandatory to much more flexible legal regimes. This phenomenon could demonstrate the output of market interactions between demand and supply sides of the international law market among global legal centers. Specifically, this dissertation gives a causal interpretation that business demands of Taiwanese firms, via their exit and voice rights, galvanize the relaxation transitions of Taiwan's Capital Co…
author: Tsai, Chang-Hsien
language: eng
keywords: Political Science, International Law and Relations
date published: 2015-09-28T15:12:09Z
date modified: 2026-07-22T22:26:27Z
provider: University of Illinois - Urbana-Champaign
publisher: Networked Digital Library of Theses and Dissertations
type: WebPage
source organization: University of Illinois at Urbana-Champaign

PropertyValue
property ID: Handle
value: http://hdl.handle.net/2142/86517