-
Journal menu
- General information
- Editorial Board and External Reviewers
- Journal Policies
- Publication Ethics and Malpractice Statement
- Instructions for authors
- Paper reviewing
- Article processing charge
- Feedback from stakeholders
- Journal’s Open Access statement
- Order hard copies of the journal
- 50 most cited papers in the journal
MANDATORY GOVERNANCE, VOLUNTARY GOVERNANCE AND FIRM PERFORMANCE: AN ANALYSIS OF CHINA LISTED FIRMS
Download This Article
Lian-fu Ma, De-qiu Chen 
, Yun-jia Zhong
Abstract
Under the background of evoluntion of the corporate governance institution from mandatory governance to voluntary governance , the paper examined the effects of mandatory governance and voluntary governance on firm performance, whichbased on a constructed index for China listed firms voluntary governance level.we find that mandatory governance has no significant effect on firm performance;voluntary governance has an impetus effect on firm performance,and the impetus effect of volunray governance on firm performance is higher with lower mandatory governance.These results are still exist even considering the endogeneity of voluntary governance.
Keywords: Corporate Governance, Voluntray Governance, Mandatory Governance, Firm Performance, Endogeneity
How to cite this paper: Ma, L., Chen, D., & Zhong, Y. (2009). Mandatory governance, voluntary governance and firm performance: An analysis of china listed firms. Corporate Ownership & Control, 6(4-4), 438-449. https://doi.org/10.22495/cocv6i4c4p2
