The nature of corporate governance is a key determinant of
corporate performance, and thereby of a country's overall economic
performance, and corporate governance is therefore particularly
important for China as it reforms, and grows, its economy. This
book, based on extensive original economic analysis, examines key
questions relating to corporate governance in China, including the
relationship between ownership structure and corporate performance,
the determinants of capital structure, and the nature of
contemporary governance structures. It concludes - interestingly
and controversially - amongst other things that corporate
performance is positively related to ownership concentration, but
negatively related to state ownership, and that contemporary
corporate governance structures are heavily dependent on previous
structures in the centrally-planned economy and on the path of
transition to the market economy.
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