Chinese Corporate Governance: History and Institutional Framework

Yong Kang ; Lu Shi ; Elizabeth D. Brown

RAND Corporation

RAND Corporation

关键词: International Affairs;    East Asia;    Corporate Governance;    Globalization;    Law and Business;    China;   

ISBN  :  9780833046116
RP-ID  :  TR-618-RC

学科分类：自然科学（综合）

美国|英语

来源: RAND Corporation Published Research

【 摘 要 】

The Chinese economy has been growing rapidly in recent years, as the nation has moved toward a stronger role for private enterprise and capitalism. As China has aligned itself more closely with the international economy, it has also sought to adopt more Western-style oversight mechanisms and legal standards concerning the operation of its corporations. Corporate governance is critically important to a country's economic growth and stability, because it provides the credibility and confidence in management that is fundamental to capital markets. There has been sparse scholarly research on Chinese corporate governance to date, and this report begins to address this gap by providing an overview of corporate governance mechanisms in China. Kang, Shi, and Brown review the history of Chinese corporate governance; discuss eight pillars that make up the institutional framework for Chinese corporate governance; and identify problems associated with Chinese corporate governance, their policy implications, and areas for further research.