From Control to Ownership: China's Managerial Revolution

2011 ◽  
Vol 7 (1) ◽  
pp. 19-38 ◽  
Author(s):  
Andrew G. Walder

Over the past decade, the ownership and control of China's corporate sector has finally begun to depart fundamentally from patterns typical in the socialist past. Students of corporate governance have watched these changes with an intense curiosity about their impact on firm performance. Students of comparative economic institutions have examined them for hints of a new variety of Asian capitalism and have sought to anticipate China's international competitiveness and impact. But these changes potentially will create a new corporate elite with greater compensation, personal wealth, and independence from government agencies than ever before. This transformation of China's political economy may eventually alter the Chinese state itself, although the extent and nature of this change are still far from clear. The key questions of interest are the social origins of the new elite, the scale of the economic assets they control, and especially their continuing relationships with party and government agencies. The answers will vary decisively by sector, four of which are described here: a state-owned sector, a privatized sector, a transactional sector, and an entrepreneurial sector. The evolving mix of these sectors will determine the future contours of the Chinese corporate economy.

2018 ◽  
Vol 14 (1) ◽  
pp. 50-56 ◽  
Author(s):  
Alex Kostyuk ◽  
Yaroslav Mozghovyi ◽  
Dmytro Govorun

This manuscript is aimed at highlighting the most recent trends in corporate governance, ownership and control based on the manuscripts presented at the international conference “Corporate Governance, Ownership and Control” that took place in Rome on February 27, 2018. We have also used reputable papers published in the relevant academic journals in the past to support the arguments stated by the authors of the papers, presented at the conference. This paper covers a wide range of corporate governance topics in corporate ownership and control toward corporate governance mechanisms, such as board of directors, the board diversity, directors’ remuneration, firm performance, auditing and accounting, etc. We saw a growing interest of researchers to widen the scope of their major research to link it to corporate ownership and control issues. Currently, corporate governance research follows two major routs: classical empirical corporate governance research and multidisciplinary research aimed at findings non-conventional methods to solution of existing problems.


Author(s):  
Amal Adel Abdrabo

The plight of refugees fleeing from Palestine in 1948 raises several key questions regarding their historical fragmentation as a nation and their future. From a social anthropological point of view, the existing literature seems to tackle the Palestinian case from different perspectives influenced by the mass exodus of Palestinians from their homeland. Such perceptions took for granted the recognition of the state of “refugeeness” of the exiled Palestinians around the globe, while, in reality, it is a mutual interaction between people, place, and time. In the aftermath of the Arab-Israeli War at the beginning of the year 1948, more than 700,000 Palestinians fled their homes in Palestine to the nearby Arab countries, among them was Egypt. Some thousands settled in different areas all over Egypt. Based on a preliminary research on the literature, the author can argue that this is the first ethnographic study of the social life of the village of Jaziret Fadel and its Palestinian inhabitants in Egypt. The chapter is about tackling the historical trajectories, genealogies, memories, and present of the inhabitants of this village who seemed to be torn between two nostalgic pasts. The author's emphasis within this chapter is about how the narratives of the past memories could reveal a lot about the present time of the human societies and their future.


2011 ◽  
pp. 125-139
Author(s):  
Jean Hébert

For the past several years, a crisis over copyright and control of music distribution has been developing. The outcome of this crisis has tremendous implications not only for the fate of commercial and creative entities involved in music, but for the social reproduction of knowledge and culture more generally. Critical theories of technology are useful in addressing these implications. This chapter introduces the concept of “concretization” (Feenberg, 1999), and demonstrates how it can be mapped onto the field of current music technologies and the lives and work of the people using them. This reading of popular music technologies resonates strongly with themes arising out of current scholarship covering the crisis of copyright and music distribution. Reading music technology in this way can yield a lucid account of the diverse trajectories and goals inherent in heterogeneous networks of participants involved with music technologies. It can also give us not only a detailed description of the relations of various groups, individuals, and technologies involved in networks of music, but also a prescriptive program for the future maintenance and strengthening of a vibrant, perhaps less intensively commercialized, and radically democratized sphere of creative exchange.


2015 ◽  
Vol 4 (1) ◽  
pp. 112-129
Author(s):  
Malla Praveen Bhasa

In the past two decades, corporate governance (CG) literature has grown in leaps and bounds. The quick succession with which some corporate scandals surfaced in the early 2000s and their extensive media coverage have prodded the social science researchers to go back to their story boards and examine the reasons for such scandals. Interestingly, corporate behaviour was no more the exclusive preserve of micro-economists and finance researchers. Instead, researchers from different disciplines like philosophy, psychology, sociology and law too joined in examining issues related to what is today popularly known as corporate governance. Each scholar tested hypothesis and offered explanations in a language native to her own discipline. Given the pervasiveness of the social sciences, very soon corporate governance begun to be explained and understood in an increasingly multi-disciplinary perspective. Each discipline brought in its own unique flavour in picking and explaining the nuances of corporate governance. With so many disciplines contributing to a single overarching theme, it is no surprise that today there is a surfeit of corporate governance literature and more continues to get added every single day. This paper reviews the growth and development of CG literature over the past eight decades. In doing so, it studies 1789 published research papers to track how literature organized itself to build the CG discourse.


2019 ◽  
Vol 43 (6) ◽  
pp. 1701-1722
Author(s):  
Stefano Lucarelli ◽  
Alfonso Giuliani ◽  
Hervé Baron

AbstractThe paper argues that Vergangenheit und Zukunft der Sozialwissenschaften (The Past and Future of the Social Sciences), a contribution not always well understood in the literature, is important to an understanding of Schumpeter’s concept of development as applied to the field of the social sciences. To this end, it addresses three key questions. First, can the book be taken as a starting point to reconstruct a Schumpeterian theory of scientific development? Second, is Vergangenheit und Zukunft merely ‘a brief outline of what first became the Epochen [der Dogmen- und Methodengeschichte] and finally the History of Economic Analysis’, as Elizabeth Boody Schumpeter wrote in her Editor’s Introduction (July 1952) to the latter work (p. XXXII), or should it be read as a complement to Epochen and perhaps the History? Third, is the eminent Japanese scholar Shionoya right to claim that Schumpeter’s work pursued the ambitious goal of developing a ‘comprehensive sociology’?


2021 ◽  
pp. 097468622110457
Author(s):  
Preetha S

The need for strengthening engagement between companies and its shareholders is being increasingly recognised over the past few years. Various authors have discussed about the role of shareholder engagement in enhancing corporate governance standards. The literatures discussing these aspects are focusing on developed countries. This study seeks to make a contribution to the debate by discussing the scope and challenges for shareholder engagement in India. Many reforms were introduced to enhance shareholder participation and engagement in India. The study explains the significance of shareholder engagement and the strategies adopted by shareholders to influence corporate policy. The study gives a brief overview of scheme of division of power between board of directors and the company in general meeting in India. It examines the statutory reforms introduced in India for promoting shareholder engagement in corporate governance processes. It also discusses some incidents in Indian corporate sector to examine the growth of shareholder engagement in India.


2020 ◽  
Author(s):  
David Zendle

Social casino games are video games that consist of simulations of gambling products and activities. Players of social casino games may pay money to gamble. However, they are unable to ‘cash out’ their winnings, allowing these games to be commonly regulated as video games rather than gambling products.There is concern that exposure to social casino games may lead to problem gambling. However, key questions regarding the past and future growth in prevalence of social casino games remain unanswered. Furthermore, it is unclear how much innovation in terms of products on the market have occurred in recent years, and how available these products are to children. The practical importance of the relationship between social casino play and gambling is therefore unclear.In order to address this, we analysed the monthly estimated installs of all social casino games (n=2344) on Android phones from March 2012 to February 2020. Results suggested that social casino games increased in prevalence from 33.30 million estimated installs in 2012 to 1.39 billion in 2020, projected to increase to 1.73 - 2.03 billion by February 2022. This expansion appears linked to a related expansion of mobile phone gaming. Indeed, analysis of the entire Android gaming market (n=75168) indicated that the prevalence of social casino games relative to the overall market diminished during the period under test from 2.54% of all game installs to 1.56%, and projected that this metric is unlikely to rise importantly in future.Analysis suggests a high level of churn and innovation in the social casino game market, with new products continually emerging and old ones being constantly retired: For example, of the 1166 social casino games available in February 2020, only 47 were on the market in 2012. Finally, an analysis of the age ratings of social casino games currently available to download on Android reveals a market overwhelmingly available to children: Of the 1132 games whose ratings were extracted, 1107 (97.7%) bore an age rating of 12+ or younger.When taken together, these results suggest that social casino games constitute a dynamic genre of gambling-like products that are experiencing continual and important growth, are forecasted to continue growing, and are highly available to children.


Author(s):  
Sheelah McLean ◽  
Alex Wilson ◽  
Erica Lee

Resistance to the use of Indigenous themed mascots in North America has taken a variety of forms over the past several decades. This paper describes and analyses how a new vehicle for resistance, social media, can be integral to dismantling and eradicating racist images of Indigenous peoples. Specifically, this paper focusses on one campaign that questioned a high school sports mascot and team named the “Redmen”. By using examples from social media, the authors demonstrate how White settlers came to rely on the mascot imagery as a way to position themselves as superior and to regulate representations of Indigeneity. The authors’ analysis posits that the mascot is in itself a form of racialised colonial violence and they discuss how the name and mascot were protected by and through white settler surveillance and control. To intervene in this discourse of superiority and regulation, the paper describes how an anti-racist approach was used to design a social media campaign that built mass critical consciousness and a network of support within the community. The social media campaign coincided with and rallied support from the grassroots Indigenous Movement, Idle No More. The larger joint effort strategically and effectively redirected the public and critical focus to how the “Redmen” name and logo and other racist Indigenous mascots become normalised. Increased knowledge via social media catalysed a shift in public opinion which ultimately leads to retirement of the team name, logo and mascot.


2020 ◽  
Vol 66 (4) ◽  
pp. 11-27
Author(s):  
Mejra Festić ◽  
Polona Črepinko ◽  
Borut Bratina

AbstractThe analysis of the factors of corporate governance is divided into four thematic sections. In the first part corporate governance is defined as part of the broader economic context. The second part deals with the principles of corporate governance. In the third part, the relation between the index of corporate governance and individual indicators (an indicator of commitment, transparency, and disclosure, caring for partners, and control and audit) regarding ownership is defined. An analysis was undertaken for the countries of Central and Eastern Europe. A higher level of foreign ownership had a positive correlation with the corporate governance index. On the other hand, the correlation between state ownership and corporate governance index was not clear. The prevention of poor banking practices does not only lie in controlling functions, but also in the general corporate and risk-taking cultures, and the social perception of managerial roles, regardless of ownership structure.


2018 ◽  
Vol 14 (3) ◽  
pp. 231-241
Author(s):  
Ajay Kumar Pandey ◽  
Meenal Sharma Jagtap

Over the past few years CSR, as a concept, has been the focus of many deliberations and research. It has grown in importance both academically as well as in the business sense. It captures a spectrum of values and criteria for measuring a company’s contribution to social development. As the term “CSR” is used continually, many complementary and overlapping concepts, such as corporate citizenship, business ethics, stakeholder management and sustainability, have emerged. These extensive ranges of synonymously used terms indicate that multiple perspectives and by those in facilitating roles such as the corporate sector, government agencies, academics and the public sector. The PSUs are intensely involved in CSR activities than Private Companies but as Private Companies are larger chunk of stock listed companies in India, their cumulative financial muscle is much stronger than PSUs to contribute in CSR activities and still a substantial potential exist for Private Companies to increase their CSR contributions. To fill this unrealised financial potential of Private Companies and also of PSUs for CSR and for ensuring their responsible business behaviour to cast a significant impact on all stakeholders, the enactment of Companies Bill 2012, clause 135, for mandatory spending 2% of their average three years Profit After Tax (PAT) on CSR is rational and necessary otherwise the gap cannot be filled up.


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