Corporate Governance with Chinese Characteristics: The Case of State Owned Enterprises

Frontiers of Law in China, Vol. 12, No. 1, March 2017

24 Pages Posted: 8 May 2017

See all articles by Razeen Sappideen

Razeen Sappideen

Western Sydney University, School of Law

Date Written: May 7, 2016

Abstract

This paper examines the reception of Western corporate governance models and standards into the Chinese system of corporate governance. It investigates how China has adapted these models to fit in with its political, economic, and cultural norms in reference to its State Owned Enterprises (SOE), a large number of which are now listed in the Global Fortune 500 list. Overall, the study highlights first, the importance of culture in the shaping and functioning of institutions, and in their subsequent path dependence, and secondly the limited impact of property rights, minority shareholder rights, and financial markets as arbiters of the destination of investment funds.

Suggested Citation

Sappideen, Razeen, Corporate Governance with Chinese Characteristics: The Case of State Owned Enterprises (May 7, 2016). Frontiers of Law in China, Vol. 12, No. 1, March 2017, Available at SSRN: https://ssrn.com/abstract=2964606

Razeen Sappideen (Contact Author)

Western Sydney University, School of Law ( email )

Locked Bag 1797
Penrith, NSW 2751
Australia

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