Governing Enterprises in China: Corporate Boards, Ownership and Markets [Paperback]

This book examines the nature of the marketization of corporate boards following the introduction of the split share reform, corporate board and shareholder relations, corporate performance, and risk-taking conduct in China. The chapters cover topics such as determinants of corporate board size and independence, corporate risk-taking conduct under different controlling shareholder types. The book deepens our understanding of corporate governance mechanisms as most previous studies have limited their findings using mainstream perspectives grounded on neoclassical theory. It outlines that Chinas corporate board composition is determined by the boards scope of operation, monitoring, bargaining power, and other governance mechanisms and regulations. It also offers a comparison between Chinas experience with other economies in general and other transition economies in particular. As such, the book represents an essential overview of thecurrent concerns regarding corporate governance in China. It is of great interest to legal researchers, policymakers, and legal practitioners working with business investments in China.

Introduction.- Theoretical Considerations.- Methodology and Data.- Determinants of Board Composition.- Corporate Governance Mechanisms and Firm Performance.- Corporate Governance Mechanisms and Firm-Risk Taking.- Conclusions.

 

Zhang Cheng, Ph.D., is Professor at School of Accounting, Nanjing University of Finance and Economics.

Rajah Rasiah, Ph.D., is Distinguished Professor of Economics at the Asia-Europe Institute, University of Malaya. His research interests include technology and international development, foreign investment, human capital, public health, and environment. He holds external positions at UNU-MERIT, Oxford University, Cambridge Univerlƒ@