The Development of Corporate Governance in ChinaEdward Elgar, 1999 - 129 páginas This important and timely book examines how corporate governance has and should be developed in China to meet the challenges of enterprise and financial reform. It highlights key economic, social and political issues that China has to confront in order to transform the state owned industrial enterprises into a competitive and modern corporate sector. On Kit Tam critically appraises the main analytical frameworks and models of corporate governance in industrialized countries. He then assesses China's development in terms of current Western debates in relation to the role, function and evolution of corporate governance arrangements. He examines how the Chinese government has adopted a top-down approach combined with a market based Anglo-American model. The author also presents surveys of company directors, managers and supervisors reporting the current environment and analyses the choices available in the light of China's particular problems. He concludes with suggestions for a model of corporate governance in China. This book will be welcomed by economists and those interested in management studies, Chinese reform, international business, Asian studies, industrial organization and business strategy. |
Dentro del libro
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... equity , as a means to support transaction - specific relations and to minimize the associated ex post transaction ... equity . They suggested that an optimal mix is obtained when the effects of incentive dilution ( from issuing equity ) ...
... equity swap between various classes of SOEs according to their bank loan repayment and profit performance ... equity holders are not averse to gambling with financial resources provided by the firm's creditors such as banks . That is to ...
... equity was allowed to be invested in SOEs on a more extensive scale in the 1990s that the horizontal axis could be used to reflect the extent of equity finance of the corporatized SOES . The potential for a real conflict between ...
Contenido
Corporate governance and the creation of modern corporations | 7 |
theoretical approaches | 23 |
Corporate governance issues relating to China | 39 |
Derechos de autor | |
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