Corporate Governance, Policies and Public Listing: The Case of Chinese State-owned Enterprises

2014 ◽  
pp. 63-106
Author(s):  
Zigan Wang
Keyword(s):  
Corporate Governance ◽  
Chinese State ◽  
Public Listing

scholarly journals Mapping the Legal Landscape: Chinese State-Owned Companies in Australia

2017 ◽  
Vol 48 (2) ◽  
pp. 323
Author(s):  
Roman Tomasic ◽  
Ping Xiong
Keyword(s):  
Corporate Governance ◽  
Trade Agreement ◽  
Business Community ◽  
Investment Projects ◽  
Chinese Investment ◽  
Foreign Countries ◽  
Australian Economy ◽  
Investment And Financing ◽  
Chinese State ◽  
The Impact

Australia has always relied heavily upon foreign sources of investment and financing and has in the past tended to draw mainly upon British, American and Japanese investment. In recent decades, Chinese state-owned enterprises (SOEs) have played an increasingly important role in the Australian economy with a rising level of investment taking place. Chinese SOEs have been more heavily involved in investments into larger Australian investment projects, such as in mining and infrastructure. Australia has seen an increase in the number of Chinese state-owned companies acquiring substantial domestic assets; this may continue following the ratification of the China-Australia Free Trade Agreement in 2015. Although Chinese SOEs operating in foreign countries such as Australia are required to comply with local corporate governance laws and principles, they also retain their unique Chinese corporate governance values and culture which they have inherited through their parent companies and from China itself. In Australia, there has been an ongoing debate over Chinese investment, with the business community being particularly supportive of such investment. Driven largely by the business community, this debate has been relatively narrow and has not explored the likely impact of Chinese SOEs and their subsidiaries upon the shape of corporate governance in countries in which they invest. This article seeks to examine the legal contours of Chinese-controlled investment in Australia with a view to acquiring a more informed understanding of the impact of Chinese SOEs upon the Australian legal landscape.

scholarly journals Applied Systems Theory and Financial Systems. An empirical research of a Model with Moderate Variable Added on the 'CSR—CFP' Linear Relationship

2021 ◽  
Vol 15 ◽  
pp. 745-752
Author(s):  
Qi Tai Song Shen ◽  
Xiao Fei Wang ◽  
Jian Yu
Keyword(s):  
Corporate Governance ◽  
Social Responsibility ◽  
Systems Theory ◽  
Systems Engineering ◽  
Listed Companies ◽  
Practical Significance ◽  
Financial Systems ◽  
Upper Echelons Theory ◽  
Chinese State ◽  
The Relationship

In Systems Theory the financial Systems Engineering plays an important role. Whether the social responsibility of state-owned enterprises can also have a significant impact on economic performance is an important problem worthy of further exploration. Based on the stakeholder theory, this study using high-quality management theory and upper echelons theory along with the second-hand data from different sources, empirically analyzes the relationship between “corporate social responsibility (CSR) and corporate financial performance (CFP)” of 285 Chinese state-owned listed companies. This study simultaneously introduces the level of executives' shareholding ratio (ESR) to explore the contingent effect of this relationship. This research finds that, unlike some previous results, the CSR of state-owned listed companies significantly positively affects the CFP of the subsequent years'; More importantly, the level of executives' shareholding ratio will amplify the above relationship and play the role as the positive moderate effect. From the perspective of corporate governance, this study promotes the research on the influence mechanism of Chinese state-owned enterprises' social responsibility performance, reveals the important contextual factors which positively stimulate the relationship between “CSR—CFP”, and has important enlightenment and practical significance for the development of strategic social responsibility theory and the optimization of the corporate governance of the state-owned listed companies.

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