When markets soar and investors are making money, concern about corporate governance wanes. Come the crash, failures of stewardship are exposed and investors wake up again. Recent alleged frauds at Sino Forest and other Chinese companies listed in North America follow this pattern.
當市場飆升,投資者賺錢的時候,人們對企業(yè)治理的擔憂就會減弱。當市場暴跌,企業(yè)治理失敗曝光的時候,投資者會再次醒悟過來。最近嘉漢林業(yè)(Sino Forest)以及在北美上市的其它中國公司遭遇的欺詐指控就遵循著這種模式。
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