Narrow search
Showing 1 - 10 of 80
Cover Image
Retained State Shareholding in Chinese PLCs: Does Government Ownership Reduce Corporate Value?
Tian, Lihui; Estrin, Saul - William Davidson Institute, University of Michigan - 2005
The role of government shareholding in corporate performance is central to an understanding of China’s newly privatized …
Persistent link: https://www.econbiz.de/10005784638
Cover Image
Corporate Governance in China: Then and Now
Schipani, Cindy A.; Junhai, Liu - William Davidson Institute, University of Michigan - 2001
normal trade relations (PNTR) to China and China's anticipated membership in the World Trade Organization (WTO), the American … business community is apt to find more opportunity for investment in China. American investors are likely to be increasingly … their assets. The goal of this paper is to provide an analysis of the corporate governance system in China and offer some …
Persistent link: https://www.econbiz.de/10005652537
Cover Image
Institutional Environment, Community Government, and Corporate Governance: Understanding China's Township-Village Enterprises
Che, Jiahua; Qian, Yingyi - William Davidson Institute, University of Michigan - 1998
We study China's township-village enterprises (TVES) from an organizational perspective with a focus on governance …
Persistent link: https://www.econbiz.de/10005652587
Cover Image
Executive Compensation, Firm Performance, and State Ownership in China: Evidence from New Panel Data*
Kato, Takao; Long, Cheryl - William Davidson Institute, University of Michigan - 2004
This paper provides the first systematic evidence on compensation for executives of firms listed in China’s emerging …, using comprehensive financial and accounting data on China’s listed firms from 1998 to 2002 (data modeled after Compustat … shareholder value in China. The size of the estimated sensitivities imply that a 1000 RMB increase in shareholder value yields a 0 …
Persistent link: https://www.econbiz.de/10005677675
Cover Image
Corporate Stability and Economic Growth
Durnev, Art; Kim, E. Han - William Davidson Institute, University of Michigan - 2003
Newly released data on corporate governance and disclosure practices reveal wide within-country variation, with the variation increasing as legal environment gets less investor friendly. This paper examines why firms practice high-quality governance when law does not require it; firm attributes...
Persistent link: https://www.econbiz.de/10005784593
Cover Image
Factors Influencing Corporate Governance in post-Socialist Companies: an Analytical Framework
Heinrich, Andreas; Lis, Aleksandra; Pleines, Heiko - William Davidson Institute, University of Michigan - 2007
internationalization/ globalization and (4) pressure exerted by the state in the form of legal regulation. If all four factors have an …
Persistent link: https://www.econbiz.de/10005784597
Cover Image
Ownership concentration & firm performance: Evidence from an emerging market
Grosfeld, Irena - William Davidson Institute, University of Michigan - 2006
The initial view of the advantages of ownership concentration in joint stock companies was determined by the concern about the opportunistic managerial behavior. The growing importance of knowledge and human capital in the operation of firms shifts the focus of concern: excessive ownership...
Persistent link: https://www.econbiz.de/10005784634
Cover Image
Financial Architecture and Economic Performance: International Evidence
Tadesse, Solomon - William Davidson Institute, University of Michigan - 2001
The paper examines the relations between the architecture of an economy's financial system - its degree of market orientation - and economic performance in the real sector. We argue that the relative effectiveness of bank-based versus market-based financial systems depends on the strength of the...
Persistent link: https://www.econbiz.de/10005784672
Cover Image
Determinants of Financial Distress: What Drives Bankruptcy in a Transition Economy? The Czech Republic Case
Lízal, Lubomír - William Davidson Institute, University of Michigan - 2002
The main factors influencing the probability of bankruptcy are analyzed on Czech Republic 1993-1999 firm data. Basic models of the bankruptcy are compared: neoclassical, financial and corporate governance. The corporate governance hypothesis does not receive support in the ownership but the...
Persistent link: https://www.econbiz.de/10005784676
Cover Image
Corporate Governance And The Global Social Void
Tavis, Lee A. - William Davidson Institute, University of Michigan - 2001
Persistent link: https://www.econbiz.de/10005784682