Description
The article discusses corporate governance in China, specifically examining the relationship between ownership structure and corporate performance, the factors influencing capital structure, and the current state of governance structures. The author concludes that ownership concentration is linked to better performance, while state ownership has a negative impact. Additionally, the current governance structures are heavily influenced by the country's previous centrally-planned economy and the transition to a market economy.
Based on extensive original economic analysis, Chen 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 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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