Description
Corporate Governance and Financial Reform in China's Transition Economy
Leng Jing
- paperback not available
- $79.00s hardcover (9789622099319) Add to Cart
- Published: August 2009
- Subject Listing: Asian Studies, Business
- Bibliographic information: 328 pp., 6 x 9 in.
- Territorial rights: North American rights only
- Distributed for: Hong Kong University Press
- Contents
The world economy is facing unprecedented challenges brought by the still unfolding global financial crisis. At this critical juncture in history, China's economic performance and financial stability are closely watched across the world. The current global economic downturn and the rigidities it poses on the growth prospects of any individual economy are a testing ground for the effects of China's corporate governance reform and financial reform that have been taking place in recent years. It is now a proper time to assess whether these reforms have yielded meaningful results which can help China withstand and navigate through the most severe economic difficulties of our times.
This book provides a comprehensive and up-to-date review and critique of corporate governance reforms and related financial reforms in China during the country's transition to a market economy, involving its enterprise, banking and capital markets sectors. China's participation in economic globalization, symbolized by its accession to the World Trade Organization, is taken as a broad background to the country's domestic reform agenda. By exploring the dynamics of China's evolving corporate governance regime, this book presents an important country study of corporate governance reforms in developing and post-communist transition economies to show the possibility of alternative paths to the market.
Leng Jing is an assistant professor of law at the University of Hong Kong.
Contents
Preface
Acknowledgments
Chapter 1 Introduction
1.1 The Relevance of Corporate Governance to China
1.2 The Impact of Economic Globalization on China's Corporate Governance Reform
1.3 China and a Dynamic Theory of Corporate Governance
1.4 Subjects of Investigation
Chapter 2 Basic Concepts of Corporate Governance and Global Movements in Corporate Governance Reforms
2.1 Basic Concepts of Corporate Governance
2.2 Recent Corporate Governance Failures in the West and New Waves of Global Corporate Governance Reforms
2.3 New Trends in Contemporary Corporate Governance Research
Chapter 3 The History of China's Enterprise Reform and Emerging Corporate Governance Issues
3.1 The First Stage of SOE Reform: Autonomy, Incentives, and Competition (1978-1992)
3.2 The Second Stage of SOE Reform: Restructuring, Corporatization, and Ownership Diversification (1993-1997)
3.3 The Third Stage of SOE Reform: Decentralized Privatization and the Need for Complementary Financial Reform (1997 to Present)
3.4 Summary
Chapter 4 Corporate Governance Practices of Major Types of Chinese Enterprises and Institutional Constraints on Corporate Governance Improvements during Transition
4.1 The Enterprise Landscape in China
4.2 Corporate Governance of SOEs
4.3 Corporate Governance of Listed Companies
4.4 Corporate Governance of Township and Village Enterprises (TVEs)
4.5 Corporate Governance of Private Enterprises
4.6 Important Questions Arising from Corporate Governance Reform in China
Chapter 5 The Interaction between Capital Markets and Corporate Governance of Chinese Listed Companies
5.1 An Overview of Important Aspects of China's Stockmarket
5.2 Corporate Governance and Performance of Listed Companies in Domestic Market
5.3 Overseas Listings and Corporate Governance of Chinese Companies
5.4 Legal and Regulatory Reforms to Improve China's Stockmarket and Corporate Governance of Listed Companies
5.5 Summary
Chapter 6 Corporate Governance Reform of China's Banking System
6.1 The NPL Problem and the Urgency of China's Banking Reform
6.2 AMCs and NPL Disposal
6.3 Recapitalizing the "Big Four"
6.4 Shareholding Restructuring and Corporate Governance Improvements
6.5 Egregious Corporate Governance Failures at the "Big Four" and Their Repercussions
6.6 Overseas Listings of Chinese Banks
6.7 Summary
Chapter 7 The Chinese Experience in International Corporate Governance Debates
7.1 China and Alternative Approaches to Corporate Governance
7.2 China and the Debate on Global Convergence in Corporate Governance
7.3 Corporate Governance Failures in Transition Economies: Lessons from Russian Privatization and Its Discontents
7.4 Summary
Chapter 8 Conclusion
8.1 The Central Argument of This Book
8.2 Re-interpreting "Gradualism" with Respect to Corporate Governance Reform and Related Financial Reform in a Transition Economy
8.3 A Summary of Major Findings in This Book
8.4 The Broad Implications of China's Gradualist Strategy for Corporate Governance Reforms and Related Financial Reforms for Developing and Transition Economies
Appendix 1 Abbreviations
Appendix 2 Chinese Government and Regulatory Agencies
Appendix 3 Chinese Terms
Appendix 4 Chinese Language Financial Newspapers and Journals
Appendix 5 Glossary
Index
Acknowledgments
Chapter 1 Introduction
1.1 The Relevance of Corporate Governance to China
1.2 The Impact of Economic Globalization on China's Corporate Governance Reform
1.3 China and a Dynamic Theory of Corporate Governance
1.4 Subjects of Investigation
Chapter 2 Basic Concepts of Corporate Governance and Global Movements in Corporate Governance Reforms
2.1 Basic Concepts of Corporate Governance
2.2 Recent Corporate Governance Failures in the West and New Waves of Global Corporate Governance Reforms
2.3 New Trends in Contemporary Corporate Governance Research
Chapter 3 The History of China's Enterprise Reform and Emerging Corporate Governance Issues
3.1 The First Stage of SOE Reform: Autonomy, Incentives, and Competition (1978-1992)
3.2 The Second Stage of SOE Reform: Restructuring, Corporatization, and Ownership Diversification (1993-1997)
3.3 The Third Stage of SOE Reform: Decentralized Privatization and the Need for Complementary Financial Reform (1997 to Present)
3.4 Summary
Chapter 4 Corporate Governance Practices of Major Types of Chinese Enterprises and Institutional Constraints on Corporate Governance Improvements during Transition
4.1 The Enterprise Landscape in China
4.2 Corporate Governance of SOEs
4.3 Corporate Governance of Listed Companies
4.4 Corporate Governance of Township and Village Enterprises (TVEs)
4.5 Corporate Governance of Private Enterprises
4.6 Important Questions Arising from Corporate Governance Reform in China
Chapter 5 The Interaction between Capital Markets and Corporate Governance of Chinese Listed Companies
5.1 An Overview of Important Aspects of China's Stockmarket
5.2 Corporate Governance and Performance of Listed Companies in Domestic Market
5.3 Overseas Listings and Corporate Governance of Chinese Companies
5.4 Legal and Regulatory Reforms to Improve China's Stockmarket and Corporate Governance of Listed Companies
5.5 Summary
Chapter 6 Corporate Governance Reform of China's Banking System
6.1 The NPL Problem and the Urgency of China's Banking Reform
6.2 AMCs and NPL Disposal
6.3 Recapitalizing the "Big Four"
6.4 Shareholding Restructuring and Corporate Governance Improvements
6.5 Egregious Corporate Governance Failures at the "Big Four" and Their Repercussions
6.6 Overseas Listings of Chinese Banks
6.7 Summary
Chapter 7 The Chinese Experience in International Corporate Governance Debates
7.1 China and Alternative Approaches to Corporate Governance
7.2 China and the Debate on Global Convergence in Corporate Governance
7.3 Corporate Governance Failures in Transition Economies: Lessons from Russian Privatization and Its Discontents
7.4 Summary
Chapter 8 Conclusion
8.1 The Central Argument of This Book
8.2 Re-interpreting "Gradualism" with Respect to Corporate Governance Reform and Related Financial Reform in a Transition Economy
8.3 A Summary of Major Findings in This Book
8.4 The Broad Implications of China's Gradualist Strategy for Corporate Governance Reforms and Related Financial Reforms for Developing and Transition Economies
Appendix 1 Abbreviations
Appendix 2 Chinese Government and Regulatory Agencies
Appendix 3 Chinese Terms
Appendix 4 Chinese Language Financial Newspapers and Journals
Appendix 5 Glossary
Index
Reviews
