The DOI matches its Crossref record; 119 of the 119 references it cites were found in a registry or an index.
Corporate Governance in China: A Survey
Open accessAbstract
This article surveys corporate governance in China, as described in a growing literature published in top journals. Unlike the classical vertical agency problems in Western countries, the dominant agency problem in China is the horizontal agency conflict between controlling and minority shareholders arising from concentrated ownership structure; thus one cannot automatically apply what is known about the USA to China. As these features are also prevalent in many other countries, insights from this survey can also be applied to countries far beyond China. We start by describing controlling shareholder and agency problems in China, and then discuss how law and institutions are particularly important for China, where controlling shareholders have great power. As state-owned enterprises have their own features, we separately discuss their corporate governance. We also briefly discuss corporate social responsibility in China. Finally, we provide an agenda for future research.
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Cited by
Machine learning in the Chinese stock market
Leippold, M., Wang, Q., & Zhou, W. (2022) · Journal of Financial Economics · doi:10.1016/j.jfineco.2021.08.017 · Cited by 584
How does boardroom diversity influence the relationship between ESG and firm financial performance?
Wu, Z., Gao, J., Luo, C., Xu, H., & Shi, G. (2024) · International Review of Economics & Finance · doi:10.1016/j.iref.2023.10.045 · Cited by 115
Metadata
- Authors
- Jiang, F., & Kim, K. A.
- Venue
- Review of Finance
- Publisher
- Oxford University Press (OUP)
- Published
- 2020-05-13
- Volume
- 24
- Issue
- 4
- Pages
- 733-772
- ISSN
- 1382-6662 (ISSN-L)
- 1572-3097
- 1573-692X
- OpenAlex
- W3018401043
- Cited by
- 815
- References
- 119
- FWCI
- 143.44
- Type
- journal article
- Language
- en
- Open access
- bronze
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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