Comparative corporate governance in China : political economy and legal infrastructure / Guanghua Yu.

Format:

Book

Author/Creator:

Yu, Guanghua.

Language:

English

Subjects (All):

Corporate governance--China.

Corporate governance.

Corporation law--China.

Corporation law.

Securities--China.

Securities.

China--Economic conditions--2000-.

China.

China--Economic policy--2000-.

Physical Description:

1 online resource (203 p.)

Place of Publication:

London ; New York : Routledge, 2007.

Language Note:

English

Summary:

An insightful overview of the political, legal and social perspectives which inform corporate governance in China, this book examines the challenges of corporate governance faced by Chinese corporations and international corporations operating in China.Unlike other texts that tend to focus solely on the board of directors and the takeover market, Yu has enlarged the scope of this study to cover both market forces and contractual mechanisms, providing readers with an extended and comprehensive discussion of the pertinent issues.It explores a range of issues and their role in co

Contents:

Front Cover; Comparative Corporate Governance in China; Copyright Page; Contents; Preface; 1. The relevance of comparative corporate governance studies; The nature of the problem; Agency costs and monitoring devices; Comparative studies of monitoring devices; The relevance for China; Conclusion; 2. The problem with the transplantation of Western law; Introduction; The political goals of controlling the large SOEs; The use of an English-style takeover law; Weak enforcement of the law on securities fraud; Conclusion; 3. The proper role of government in building a venture capital market

IntroductionEconomic significance of developing a venture capital market; Comparative study of two distinctive venture capital models in the world; The significance of a developed stock market; Developing a venture capital market; Further steps in developing the venture capital market; Conclusion; 4. The case against uniformity in corporate governance; Introduction; The search for a best model; Transplantation and adjustment of an English-style takeover law; Conclusion; 5. The regulation of executive compensation; Introduction; The development of, and restrictions upon, executive compensation

Tax restrictions on executive compensationLegislative requirement of disclosure of executive pay; The regulation of executive compensation; Conclusion; 6. Towards a functional approach to comparative corporate governance studies; Introduction; The search for an optimal model; A cautious approach to using economic performance as a judgement criterion; Increased options and institutional competition within a country; Conclusion; Notes; Index

Notes:

Includes index.

ISBN:

1-136-71358-1

1-283-60761-1

9786613920065

1-136-71359-X

0-203-81522-X

9780203815229

OCLC:

811506661