A SURVEY OF CORPORATE GOVERNANCE STUDIES IN CHINA

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Larry Li, Tony Naughton

DOI:10.22495/cocv10i4art5

Abstract

This paper reviews the theoretical and empirical corporate governance literature in China, concentrating on relationships between ownership, board characteristics and firm performance. In addition, we explore the recent floatation of non-tradable shares and relationship contracting (Guanxi), which are two unique corporate governance issues in China. Overall, the understanding of the key driving forces of firm organizational structure, corporate governance practices, and performance remains largely inconclusive and we make recommendations for future research direction.

Keywords: Corporate Governance, China, Economic Reform

How to cite this paper: Li, L., & Naughton, T. (2013). A survey of corporate governance studies in China. Corporate Ownership & Control, 10(4), 61-70. http://doi.org/10.22495/cocv10i4art5