Matching Items (3)

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Scandal-driven regulation of China's stock market: dynamics among the state, market, and stockizens

Description

ABSTRACT

Since it was officially established, China’s stock market has witnessed rapid cultural, social, economic, and legal transformations during the last two decades. But the development of China’s stock market brought

ABSTRACT

Since it was officially established, China’s stock market has witnessed rapid cultural, social, economic, and legal transformations during the last two decades. But the development of China’s stock market brought with it the frequent occurrence of securities crimes and other types of white-collar crimes that harmed vast numbers of public retail stockholders.

This study reviews sociolegal theories, especially law and finance theories, to shed light on the construction of regulatory mechanisms for the Chinese stock market. The critical point for stock market regulation is to curb securities irregularities and protect investors. This study applies white-collar criminological theories, especially crime-as-choice theories, to link the theoretical analyses of the causes of securities crimes to the laws, policies and practices governing the Chinese stock market. Historical, documentary and policy analyses, case analyses, and analysis of interviews, and observations of weibos and blogs are employed in this study. The data sources consist of: (1) historical information on the development of China’s stock market and its regulation, both in terms of legislation and practice; (2) interviews with 40 retail stockholders, each of whom has more than ten years of experiences in stock trading, in two Chinese cities, Shenzhen and Haikou; and (3) online statements and comments of 30 well known Chinese economists, law scholars, financial commentators, lawyers, and securities experts in Sina weibos (microblogs) and blogs.

Based on the analyses, this study suggests revising relevant laws and establishing supporting mechanisms to reduce securities irregularities and crimes in China’s stock market and strength the protection of stock investors. My study also draws attention to the growth of rights consciousness of public retail stockholders, which has potential to propel political and legal reform for the development of the Chinese stock market.

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Agent

Created

Date Created
  • 2015

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The real American court: immigration courts and the ecology of reform

Description

Immigration courts fail to live up to courtroom ideals. Around 2009, proposals were offered to address the problems of these troubled courts. My study illustrates the inevitable linkage between court

Immigration courts fail to live up to courtroom ideals. Around 2009, proposals were offered to address the problems of these troubled courts. My study illustrates the inevitable linkage between court reform proposals and conceptions of fairness and efficiency, and ultimately justice. I ask: (1) From the perspective of attorneys defending immigrants' rights, what are the obstacles to justice? How should they be addressed? And (2) How do proposals speak to these attorneys' concerns and proposed resolutions? The proposals reviewed generally favor restructuring the court. On the other hand, immigration (cause) lawyers remain unconvinced that current proposals to reform the courts' structure would be successful at addressing the pivotal issues of these courts: confounding laws and problematic personnel. They are particularly concerned about the legal needs and rights of immigrants and how reforms may affect their current and potential clients. With this in mind, they prefer incremental changes - such as extending pro bono programs - to the system. These findings suggest the importance of professional location in conceptualizing justice through law. They offer rich ground for theorizing about courts and politics, and justice in immigration adjudication.

Contributors

Agent

Created

Date Created
  • 2013

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Assessing disparity in the federal court processing of immigration cases

Description

In recent decades, the United States has experienced a wave of immigration, an economic recession, and several terroristic attacks. In response, the government has scapegoated and blamed undocumented immigrants of

In recent decades, the United States has experienced a wave of immigration, an economic recession, and several terroristic attacks. In response, the government has scapegoated and blamed undocumented immigrants of color for recent social ills. As a result, a large share of government resources has been allocated to the enforcement and processing of immigration violations. Consequently, the number of immigration cases processed in U.S. federal courts has spiraled to nearly 50% of bookings and 34% of federal sentencing cases. Yet, immigration offenses have received little empirical attention in the courts and sentencing literature due in part to differences in the way immigration offenses are processed compared to other federal offense types, and relatedly, the empirical difficulties immigration offenses pose for analysis. Nevertheless, the increased representation of immigration offenses in federal courts, along with the punitive rhetoric and heightened social control targeting undocumented immigrants of color, warrants a comprehensive assessment of how immigration cases are processed in U.S. federal courts. Accordingly, this dissertation seeks to identify inequality in the processing of immigration cases by examining: 1) cumulative disadvantage within immigration cases; 2) contextual disparity and how social context interacts with ethnicity to influence multiple federal court outcomes within immigration cases; and 3) ethnic disparity within immigration cases over time.

Data come from the Federal Justice Statistics Program Data Series, the U.S. Census, the Uniform Crime Reports, Leip’s Atlas of U.S. Presidential Elections, the National Judicial Center, and the U.S. Department of Justice. The quantitative analysis addresses the first question by employing a cumulative disadvantage approach where multiple decision points are considered and the effects of prior stages on subsequent outcomes. The quantitative analysis proceeds to address the second question by using multilevel modeling for multiple court outcomes. The longitudinal analysis is separately conducted on sentence length for 18-year data, from 1994 through 2012, to assess racial and ethnic disparity over time.

The results indicate that cumulative disadvantage is present within immigration cases, that social context influences certain decision points, and that ethnic disparity has diminished over time in some districts.

Contributors

Agent

Created

Date Created
  • 2018