Corporate governance with Chinese characteristics : the case of state owned enterprises

Razeen Sappideen

Research output: Contribution to journalArticlepeer-review

9 Citations (Scopus)

Abstract

This article examines the reception of Western corporate governance models and standards into the Chinese system of corporate governance. It investigates how China has adapted these models to fit in with its political, economic, and cultural norms in relation to its state owned enterprises (SOEs), a large number of which are now listed in onthe Fortune Global 500 list. Overall, the study highlights that firstly, the importance of culture in the shaping and functioning of human behavior as well as that of institutions, and in their subsequent path dependence; and secondly the limited impact of property rights, minority shareholder rights, and financial markets as arbiters of the destination of investment funds.
Original languageEnglish
Pages (from-to)90-113
Number of pages24
JournalFrontiers of Law in China
Volume12
Issue number1
DOIs
Publication statusPublished - 2017

Keywords

  • China
  • corporate governance
  • cultural policy
  • economic development
  • government business enterprises
  • government ownership

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