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Risky Business in China
Author(s) -
Byington J. Ralph,
McGee Jo Ann
Publication year - 2007
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.20368
Subject(s) - china , punishment (psychology) , language change , criminology , white collar crime , business , political science , law , psychology , social psychology , art , literature
Want to do an M&A deal in China? Be very careful! Remember that corruption and white‐collar crime (WCC) is not confined to the United States. It is an epidemic that has infected business abroad as well. And while the penalties for WCC in the United States are tame, in China the punishment can be death. The authors review WCC in China, including who is doing it, what the penalties are, and protective measures executives can take to avoid and prevent encounters with the Chinese versions of WCC. © 2008 Wiley Periodicals, Inc.