Empirical Research on Corporate Governance in China: A Review and New Directions for the Future

doi:10.1017/mor.2015.11

CORC > 上海财经大学 > 上海财经大学

	Empirical Research on Corporate Governance in China: A Review and New Directions for the Future
	Shen, Wei 1; Zhou, Qiong 2; Lau, Chung-Ming 3
刊名	MANAGEMENT AND ORGANIZATION REVIEW
	2016-03
卷号	12 期号:1 页码:41-73
关键词	board of directions Chinese firms corporate governance managerial incentives ownership structure state ownership
ISSN号	1740-8776
DOI	10.1017/mor.2015.11
英文摘要	The ownership structure of Chinese firms has experienced significant changes over the last three decades, including the development of a fast growing stock market through which a large number of domestic firms have become publicly traded corporations. These changes have drawn increasing attention from researchers of corporate governance. In this article, we review the empirical research on corporate governance in China, with a focus on the internal and external governance mechanisms that have been investigated and the findings about the effectiveness of these mechanisms. On the basis of our review of 132 studies, we summarize the major findings and discuss the limitation of agency theory in understanding the governance issue in Chinese firms. We offer several ideas (e.g., the importance of the social context, new conceptualization of governance, different outcomes of governance, and data/method issues) for a new agenda to guide future research in the corporate governance of firms operating in the Chinese and other emerging economy contexts.
WOS研究方向	Business & Economics
语种	英语
出版者	CAMBRIDGE UNIV PRESS
WOS记录号	WOS:000374180900005
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/1329]
专题	上海财经大学
作者单位	1.Arizona State Univ, WP Carey Sch Business, Management, Tempe, AZ 85287 USA; 2.Shanghai Univ Finance & Econ, Sch Int Business Adm, Management, Shanghai, Peoples R China; 3.Chinese Univ Hong Kong, Dept Management, Management, Hong Kong, Hong Kong, Peoples R China
推荐引用方式 GB/T 7714	Shen, Wei,Zhou, Qiong,Lau, Chung-Ming. Empirical Research on Corporate Governance in China: A Review and New Directions for the Future[J]. MANAGEMENT AND ORGANIZATION REVIEW,2016,12(1):41-73.
APA	Shen, Wei,Zhou, Qiong,&Lau, Chung-Ming.(2016).Empirical Research on Corporate Governance in China: A Review and New Directions for the Future.MANAGEMENT AND ORGANIZATION REVIEW,12(1),41-73.
MLA	Shen, Wei,et al."Empirical Research on Corporate Governance in China: A Review and New Directions for the Future".MANAGEMENT AND ORGANIZATION REVIEW 12.1(2016):41-73.