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Board Independence and Firm Performance in China
Liu, Yu - 2014
We provide the first comprehensive and robust evidence on the relationship between board independence and firm performance in China. We find that independent directors have an overall positive effect on firm operating performance in China. Our findings are robust to a battery of tests, including...
Persistent link: https://www.econbiz.de/10013040554
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Should the Board Have Control Over Shareholder Proposals? Evidence from China
Zhou, Bruce - 2023
This article empirically investigates the impacts of the board’s rejection of shareholder proposals on corporate value and the appropriate approach to regulation. Using a hand-collected dataset on shareholder-proposal-rejection incidents in China, I find that a rejection decision would on...
Persistent link: https://www.econbiz.de/10014263086
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Protecting the State from Itself? Regulatory Interventions in Corporate Governance and the Financing of China's 'State Capitalism'
Howson, Nicholas Calcina - 2015
From the start of China's "corporatization without privatization" process in the late 1980s, a Chinese corporate governance regime apparently shareholder-empowering and determined by enabling legal norms has been altered by mandatory governance mechanisms imposed by a state administrative...
Persistent link: https://www.econbiz.de/10013032062
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'Quack Corporate Governance' as Traditional Chinese Medicine – The Securities Regulation Cannibalization of China's Corporate Law and a State Regulator's Battle Against Party State...
Howson, Nicholas Calcina - 2014
From the start of the People's Republic of China's (PRC) "corporatization" project in the late 1980s, a Chinese corporate governance regime subject to increasingly enabling legal norms has been determined by mandatory regulations imposed by the PRC securities regulator, the China Securities...
Persistent link: https://www.econbiz.de/10013063700
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Mixed Ownership Reform and Corporate Governance in China’s State-Owned Enterprises
Wang, Jiangyu - 2020
This Article provides an early assessment of the impact on corporate governance of the most recent wave of SOE reform announced by the CCP in 2013, officially known as the mixed-ownership reform (MOR). It offers a comprehensive and detailed account of the background, policy and regulatory...
Persistent link: https://www.econbiz.de/10012847112
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Corporate Governance as Risk Regulation in China : A Comparative View of Risk Oversight, Risk Management, and Accountability
Harper Ho, Virginia E. - 2020
Risk management and oversight have long been recognized as core corporate governance issues and have gained renewed attention in the wake of the financial crisis. Following global trends, recent corporate governance reforms in China also focus on risk oversight and risk management. This article...
Persistent link: https://www.econbiz.de/10014166244
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The Convergence of the Chinese and Western Takeover Markets
Song, Guoxiang - 2009
The evolution of the Chinese takeover market and its integration with the international takeover market are analysed in … decentralised “Anglo-Saxon” takeover market. Second, the paper provides statistical and case material on the extent to which the … Chinese takeover market has in practice become aligned with that of the US and UK. And, third, it presents case evidence on …
Persistent link: https://www.econbiz.de/10013154501
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Government Regulation, Corporate Board, and Corporate Value : Evidence from China
Yu, Wei - 2011
My study examines how institutional features of transition economies, i.e., goverment ownership, legal investor protection, and government regulation distort the choice of directors, and the firm value impact of independent director and political-connected director in China. We find that SOEs...
Persistent link: https://www.econbiz.de/10013131130
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Independent Directors’ Characteristics and Performance : Evidence from China
Liao, Jing - 2009
Chinese listed firms recruit independent directors in order to build up connections with people who can provide useful sources and/or protection rather than for their monitoring of top managements. It is found that Chinese listed firms particularly prefer two types of Guanxi provided by...
Persistent link: https://www.econbiz.de/10013155615
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Board Directors With Foreign Experience and Stock Price Crash Risk : Evidence From China
Cao, Feng - 2018
This study examines the impact of board directors with foreign experience (BDFEs) on stock price crash risk. We find that BDFEs help reduce crash risk. This association is robust to a series of robustness checks, including firm fixed effects model, Heckman procedure, instrumental variable...
Persistent link: https://www.econbiz.de/10012923944