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A Review of Corporate Governance in China

33 Pages Posted: 18 Aug 2008  

Lary Li

RMIT University - School of Economics, Finance and Marketing; Financial Research Network (FIRN)

Tony Naughton (Deceased)

RMIT University - School of Economics, Finance and Marketing; Financial Research Network (FIRN)

Martin Hovey

UNE Business School

Date Written: August 18, 2008

Abstract

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.

Keywords: Corporate Governance, China

JEL Classification: G30,G38

Suggested Citation

Li, Lary and Naughton (Deceased), Tony and Hovey, Martin, A Review of Corporate Governance in China (August 18, 2008). Available at SSRN: https://ssrn.com/abstract=1233070 or http://dx.doi.org/10.2139/ssrn.1233070

Larry Li (Contact Author)

RMIT University - School of Economics, Finance and Marketing ( email )

Business
Level 12, 239 Bourke Street
Melbourne, Victoria 3000
Australia

Financial Research Network (FIRN)

C/- University of Queensland Business School
St Lucia, 4071 Brisbane
Queensland
Australia

HOME PAGE: http://www.firn.org.au

Tony Naughton (Deceased)

RMIT University - School of Economics, Finance and Marketing ( email )

Business
Level 12, 239 Bourke Street
Melbourne, Victoria 3000
Australia

Financial Research Network (FIRN)

C/- University of Queensland Business School
St Lucia, 4071 Brisbane
Queensland
Australia

HOME PAGE: http://www.firn.org.au

Martin T. Hovey

UNE Business School ( email )

TRAVENA ROAD
Armidale, NSW 2351
Australia

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