TY - CHAP
T1 - A Review of Corporate Governance in China
AU - Li, Larry
AU - Naughton, Tony
AU - Hovey, Martin
PY - 2009/12/31
Y1 - 2009/12/31
N2 - The 2005 policy decision to change the status of non-tradable state and non-state shares into tradable A shares ushers in a new era in the stock markets of China. Over time all of these shares will be tradable and potentially transferred to foreign and domestic private sector investors. These changes have the potential to significantly alter the monitoring and control of the majority of listed firms that until now have been controlled by tightly held blockholders of non-tradable shares. It is therefore timely to reassess the corporate governance of Chinese listed firms. This paper reviews the theoretical and empirical corporate governance literature in China.
AB - The 2005 policy decision to change the status of non-tradable state and non-state shares into tradable A shares ushers in a new era in the stock markets of China. Over time all of these shares will be tradable and potentially transferred to foreign and domestic private sector investors. These changes have the potential to significantly alter the monitoring and control of the majority of listed firms that until now have been controlled by tightly held blockholders of non-tradable shares. It is therefore timely to reassess the corporate governance of Chinese listed firms. This paper reviews the theoretical and empirical corporate governance literature in China.
KW - Corporate Governance and Stakeholder Engagement
UR - http://trove.nla.gov.au/work/35195893
UR - https://www.novapublishers.com/catalog/product_info.php?products_id=11932
UR - http://books.google.co.uk/books?id=wyNZPgAACAAJ
M3 - Chapter
SN - 1607411415
SN - 9781607411413
T3 - Business Issues, Competition and Entrepreneurship
SP - 415
EP - 436
BT - Codes of Good Governance Around the World
A2 - Iturriaga, Felix J Lopez
PB - Nova Science Publishers, Inc
CY - New York, United States of America
ER -