Does Market Globalization Affect Corporate Governance Structure and Governance Quality? Evidence from Chinese Companies
  • Author : Minyue Dong
  • Release Date : 19 August 2022
  • Publisher : Unknown
  • Genre : Uncategorized
  • Pages :
  • ISBN 13 : OCLC:1290716770

Download Does Market Globalization Affect Corporate Governance Structure and Governance Quality? Evidence from Chinese Companies eBook in PDF, Epub and Kindle

Book Description: In this study, we use overseas listing and overseas incorporation as two attributes of market globalization and examine their impacts on corporate governance structures (internal governance mechanisms), and corporate governance quality. Based on a sample of Top 100 Chinese listed firms, our results indicate that governance structures of a Chinese company depend whether it is registered (or listed) in mainland China or abroad. The governance structures of overseas-incorporated Chinese companies are characterized by the stock-option remuneration for executives and the function of special committees. However, the governance structures of overseas listed companies are quite similar to those locally-listed, characterized by the existence of supervisor committee, rare executive ownership, and the at-least-one-tier proportion of independent directors in board. We further test which governance mechanism(s) is (are) positively associated with governance quality. Out results indicate that only the number of special committees is significantly linked with governance-quality ranking, but the sign of correlation is negative. Overall, we conclude that Chinese companies do set up their internal governance mechanisms as regulated by the law and rules, which are promulgated by either Chinese or overseas authorities. Comparing with the local companies, the overseas companies do not present improved corporate governance, despite that their external governance mechanisms are more efficient and that their internal governance mechanisms are more market-orientated than do the local ones.

Does Market Globalization Affect Corporate Governance Structure and Governance Quality  Evidence from Chinese Companies

Does Market Globalization Affect Corporate Governance Structure and Governance Quality Evidence from Chinese Companies

Author : Minyue Dong
Publisher : Unknown
Genre : Uncategorized
DOWNLOAD

In this study, we use overseas listing and overseas incorporation as two attributes of market globalization and examine their impacts on corporate governance structures (internal governance mechanisms), and corporate governance quality. Based on a sample of Top 100 Chinese listed firms, our results indicate that governance structures of a Chinese company ...

The Convergence of Corporate Governance

The Convergence of Corporate Governance

Author : Abdul Rasheed,Toru Yoshikawa
Publisher : Springer
Genre : Business & Economics
DOWNLOAD

Takes readers through an in-depth examination of many leading industrialized nations and identifies both the drivers that propel corporations towards convergence and the major impediments that stand in the way of convergence. Also examines many mechanisms of convergence such as governance codes, MNCs, and IPOs....

Corporate Governance and Globalization

Corporate Governance and Globalization

Author : Stephen S. Cohen,Gavin Boyd
Publisher : Edward Elgar Publishing
Genre : Business & Economics
DOWNLOAD

"The book links studies of corporate governance with surveys of efficiencies and failures in international financial markets, as well as examining aspects of corporate governance systems that have special significance for the management of economic policies as globalization continues. The contributors advocate increased international cooperation to promote more structural complementarities ...

G20 OECD Principles of Corporate Governance

G20 OECD Principles of Corporate Governance

Author : OECD
Publisher : OECD Publishing
Genre : Uncategorized
DOWNLOAD

Since they were issued in 1999, the OECD Principles of Corporate Governance have gained worldwide recognition as an international benchmark for good corporate governance....

The Evidence and Impact of Financial Globalization

The Evidence and Impact of Financial Globalization

Author : Anonim
Publisher : Academic Press
Genre : Business & Economics
DOWNLOAD

The sharp realities of financial globalization become clear during crises, when winners and losers emerge. Crises usher in short- and long-term changes to the status quo, and everyone agrees that learning from crises is a top priority. The Evidence and Impact of Financial Globalization devotes separate articles to specific crises, ...

Corporate Governance and Its Implications on Accounting and Finance

Corporate Governance and Its Implications on Accounting and Finance

Author : Alqatan, Ahmad,Hussainey, Khaled,Khlif, Hichem
Publisher : IGI Global
Genre : Business & Economics
DOWNLOAD

After the global financial crisis, the topic of corporate governance has been gaining momentum in accounting and finance literature since it may influence firm and bank management in many countries. Corporate Governance and Its Implications on Accounting and Finance provides emerging research exploring the implications of a good corporate governance ...

Advances in Business and Management Forecasting

Advances in Business and Management Forecasting

Author : Kenneth D. Lawrence,Michael D. Geurts
Publisher : Emerald Group Publishing
Genre : Business & Economics
DOWNLOAD

Includes sections devoted to financial applications of forecasting, as well as demand forecasting. This publication also includes a section on general business applications of forecasting, as well as one on forecasting methodologies....