Please use this identifier to cite or link to this item: https://doi.org/10.5235/14735970.13.1.185
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dc.titlePrivate equity limited partnerships in China: A critical evaluation of active limited partners
dc.contributor.authorLin, L.
dc.date.accessioned2016-06-02T04:37:50Z
dc.date.available2016-06-02T04:37:50Z
dc.date.issued2013
dc.identifier.citationLin, L. (2013). Private equity limited partnerships in China: A critical evaluation of active limited partners. Journal of Corporate Law Studies 13 (1) : 185-217. ScholarBank@NUS Repository. https://doi.org/10.5235/14735970.13.1.185
dc.identifier.issn14735970
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/124950
dc.description.abstractAlthough current academic thinking tells us that private equity investors are generally passive in the management of funds, Chinese private equity market is dominated by funds whose investors are relatively active. The interference of limited partners in a fund's management triggers internal conflicts between partners. This article examines the legal and practical reasons for this phenomenon. Based on extensive interviews with market participants, it is found that the agency problems, the legal weaknesses of limited partners under Chinese law and several regulatory constraints on China's private equity industry have influenced the decisions of investors to pursue active strategies in funds. This article also examines the effectiveness of the control rule and a few of the common private contractual arrangements in addressing the agency problem in the context of Chinese private equity funds, and suggests strategies to mitigate the problem.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.5235/14735970.13.1.185
dc.sourceScopus
dc.typeOthers
dc.contributor.departmentLAW
dc.description.doi10.5235/14735970.13.1.185
dc.description.sourcetitleJournal of Corporate Law Studies
dc.description.volume13
dc.description.issue1
dc.description.page185-217
dc.identifier.isiut000211341900007
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