Developmental State and Corporate Governance in China

35 Pages Posted: 17 Feb 2007

See all articles by Victor Nee

Victor Nee

Cornell University

Sonja Opper

Lund University - Department of Economics

Sonia M. L. Wong

University of Hong Kong

Abstract

China's state-guided economic miracle has revitalized a long-standing and unsettled debate about the role of government in transformative economic development. In a firm-level study of corporate governance we examine whether direct state involvement actually makes a positive contribution to the economic performance of newly incorporated firms in China's urban economy. We show that direct intervention into the governance of firms is likely to yield negative economic effects at the firm level. We infer from our findings that it must be other types of government intervention external to the firm that explain the success of China's developmental state in promoting rapid economic growth.

Suggested Citation

Nee, Victor and Opper, Sonja and Wong, Sonia M. L., Developmental State and Corporate Governance in China. Management and Organization Review, Vol. 3, No. 1, pp. 19-53, March 2007, Available at SSRN: https://ssrn.com/abstract=963846 or http://dx.doi.org/10.1111/j.1740-8784.2007.00061.x

Victor Nee (Contact Author)

Cornell University ( email )

312/330 Uris Hall
Ithaca, NY 14853
United States

Sonja Opper

Lund University - Department of Economics ( email )

P.O. Box 7082
S-220 07 Lund
Sweden
+46 046-2227906 (Phone)
+46 046-2224118 (Fax)

Sonia M. L. Wong

University of Hong Kong ( email )

1021, KKL Building
Pokfulam Road
Hong Kong
China

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