scholarly journals Institutional Environment, Community Government, and Corporate Governance: Understanding China’s Township-Village Enterprises

2017 ◽  
Author(s):  
Yingyi Qian
Keyword(s):  
Corporate Governance ◽  
Institutional Environment ◽  
Community Level ◽  
Organizational Response ◽  
Private Enterprises ◽  
Firm Boundaries ◽  
Budget Constraints ◽  
Organizational Perspective ◽  
State And Market ◽  
Enterprise Level

We study China’s township-village enterprises (TVEs) from an organizational perspective with a focus on governance. Unlike most previous studies, we interpret the firm boundaries of TVEs at the community level rather than the enterprise level. From this perspective, we analyze the central role that community governments play in TVE governance as an organizational response to the imperfect institutional environment of both state and market. Specifically, we show that the community government’s involvement in TVEs helps overcome the problems of state predation and under-financing of private enterprises. We also explain why TVE governance leads to harder budget constraints than state-owned enterprises.

Convergence of Corporate Governance Models

2004 ◽  
pp. 129-140 ◽  
Author(s):  
M. Tretyakov
Keyword(s):  
Corporate Governance ◽  
Institutional Environment ◽  
Driving Forces ◽  
Commodity Markets ◽  
Legal Systems ◽  
National Institutions ◽  
Governance Models ◽  
Changing Role

The article focuses on the analysis of the process of convergence of outsider and insider models of corporate governance. Chief characteristics of basic and intermediate systems of corporate governance as well as the changing role of its main agents are under examination. Globalization of financial and commodity markets, convergence of legal systems, an open exchange of ideas and information are the driving forces of the convergence of basic systems of corporate governance. However the convergence does not imply the unification of institutional environment and national institutions of corporate governance.

The uneven geography of real estate investment by Mainland Chinese state-owned and private enterprises in the U.S.: Local market conditions, migration, and ethnic networks

2022 ◽  
pp. 0308518X2110675
Author(s):  
Lisha He ◽  
Mia M Bennett ◽  
Ronghao Jiang
Keyword(s):  
Real Estate ◽  
Institutional Environment ◽  
State Level ◽  
State Intervention ◽  
Private Enterprises ◽  
Local Market ◽  
Real Estate Investment ◽  
Mainland Chinese ◽  
Chinese Investment ◽  
The U.S

Since the 2010s, foreign direct investment in real estate (FDIRE) by Mainland Chinese firms has emerged as a major force within global real estate markets, challenging Western investors’ traditional dominance. It is unclear, however, whether Mainland Chinese FDIRE is fueled by the same motivations as those of investors from advanced economies, which to date have represented both the primary investors and main objects of study. One major difference may be that Mainland Chinese investment originates in an institutional environment comprised of strong state intervention and social networks important for fostering business and ethnic ties. To uncover the potentially unique determinants and heterogeneity of Mainland Chinese corporate real estate investors, we build and analyze a state-level panel dataset of Mainland Chinese FDIRE by state-owned enterprises and private enterprises in the U.S. from 2010 to 2017. Our empirical results reveal the importance of Chinese migrants in promoting Mainland Chinese real estate investment, especially by private enterprises. Our findings also demonstrate that at the state level, Mainland Chinese FDIRE exhibits few agglomerative tendencies.

An Overview of Corporate Governance and Innovation in Chinese IT and Manufacturing Listed Firms

2021 ◽  
pp. 338-357
Author(s):  
Xihui Chen
Keyword(s):  
Corporate Governance ◽  
Institutional Environment ◽  
Research Field ◽  
Manufacturing Industries ◽  
Board Structure ◽  
Current Structure ◽  
Listed Firms

This study introduces the current structure of corporate governance (ownership and board structure) and innovation in Chinese IT and manufacturing listed firms. It highlights the unique features and potential issues of corporate governance and innovation in the Chinese institutional environment. This chapter helps advance the understanding of ownership and board structures, as well as innovation in Chinese IT and manufacturing industries. It is hoped that this study will encourage more research to pursue this interesting research field.

scholarly journals Examining the Link Between Religion and Corporate Governance: Insights From Nigeria

2018 ◽  
Vol 59 (5) ◽  
pp. 956-994 ◽  
Author(s):  
Franklin Nakpodia ◽  
Philip J. Shrives ◽  
M. Karim Sorour
Keyword(s):  
Corporate Governance ◽  
Content Analysis ◽  
Institutional Environment ◽  
Qualitative Content Analysis ◽  
Business Environment ◽  
Research Approach ◽  
Governance System ◽  
Good Corporate Governance ◽  
Corporate Governance System

This article examines whether the degree of religiosity in an institutional environment can stimulate the emergence of a robust corporate governance system. This study utilizes the Nigerian business environment as its context and embraces a qualitative interpretivist research approach. This approach permitted the engagement of a qualitative content analysis (QCA) methodology to generate insights from interviewees. Findings from the study indicate that despite the high religiosity among Nigerians, religion has not stimulated the desired corporate governance system in Nigeria. The primary explanation for this outcome is the presence of rational ordering over religious preferences thus highlighting the fact that religion, as presently understood and practiced by stakeholders, is inconsistent with the principles underpinning good corporate governance.

Corporate governance and firm performance in Malaysia

2017 ◽  
Vol 17 (5) ◽  
pp. 896-912 ◽  
Author(s):  
Padmanabha Ramachandra Bhatt ◽  
R. Rathish Bhatt
Keyword(s):  
Corporate Governance ◽  
Firm Performance ◽  
Design Methodology ◽  
Institutional Environment ◽  
Listed Companies ◽  
Resource Dependency ◽  
Government Agencies ◽  
Content Type ◽  
Corporate Governance Code ◽  
The Relationship

Purpose The purpose of this paper is to study the effect of Malaysian Code on Corporate Governance (MCCG, 2007 and 2012) on the performance of the listed companies in Malaysia. The agency theory and resource dependency theories indicate that the firms with strong corporate governance outperform firms with weaker governance. This paper explores this relationship in a developing country like Malaysia having different institutional environment compared to western countries. Design/methodology/approach The study used a sample of 113 listed companies in Malaysia. The study incorporates the endogenous relationship between corporate governance, firm performance and leverage. Findings The study analyzes how the corporate governance framework affected firm performance in Malaysia with the help of self-developed corporate governance index (MCGI). The authors’ findings show that the performance of the firm is positively and significantly related with corporate governance measured by MCGI. Secondly, corporate governance of sample firms shows marked improvements after implementation of MCCG 2012 as compared to MCCG 2007. Originality/value The findings of this paper support the agency and the resource dependency theories. The study contributes to the understanding of the relationship between the corporate governance and firm performance in emerging economy and builds a case for enforcement of strong corporate governance code by government agencies.

Czech enterprises: the barriers to restructuring

1999 ◽  
Vol 8 (2) ◽  
Author(s):  
Martin Myant
Keyword(s):  
Institutional Environment ◽  
Policy Framework ◽  
Financial Resources ◽  
Budget Constraints ◽  
Transport Equipment ◽  
Light Industry ◽  
Milk Processing ◽  
Active Policy

Much of the literature on changes in Czech enterprises has been developed around a neo-classical framework with the emphasis on the effects of hard budget constraints and privatization. That, however, provides a limited view of the choices available to enterprises and of the constraints that have been imposed by a weak institutional environment, an often inappropriate policy framework and an approach to privatization that has, in a number of different ways, made subsequent rationalization and modernization more difficult. The effects on, and changes in, enterprises are analysed around experience in four different sectors; light industry, engineering and transport equipment, milk-processing and brewing. This points to the need to place more emphasis on enterprise access to financial resources for modernization and, above all, on the ability of managements to formulate coherent and appropriate long-term strategies. It also points to the desirability of a more active policy framework.

The Comparison on Corporate Governance between Temasek and State-Owned Companies in China

2014 ◽  
Vol 998-999 ◽  
pp. 1634-1637
Author(s):  
Xu Bei Zhang
Keyword(s):  
Corporate Governance ◽  
Control Method ◽  
Institutional Environment ◽  
Governance Structure ◽  
Governance Mechanism ◽  
Internal Governance ◽  
Professional Managers ◽  
Restraint Mechanism ◽  
Structure State ◽  
Corporate Governance Mechanism

This paper proceeds as follows. Corporate governance, broadly speaking, is a science which studies enterprise power arrangement. In the narrow sense, it belongs to the ownership of enterprises; it is a science which researches how to empower professional managers and to use regulatory authority to their performance of duties. The improvement of the efficiency of the state-controlled corporate governance depends on the choice of corporate governance mechanism. Constrained by the institutional environment, the corporate governance is also affected by the internal governance structure. State-owned enterprises still face great difficulties when they manager to make a clear boundary between the central enterprises and government, separate ownership and management completely, achieve a sound governance structure. Temasek has a high quality management mode. The company special board composition and the control method of the layered progressive and effective restraint mechanism play a key role. State-owned enterprises can learn from Temasek’s experience of corporate governance, and promote the reform of the governance structure, to stimulate the vitality of enterprises.

scholarly journals Corporate Governance in the Digital Economy

2021 ◽  
pp. 158-169
Author(s):  
I. O. Zharinov
Keyword(s):  
Corporate Governance ◽  
Virtual Environment ◽  
Business Processes ◽  
Institutional Environment ◽  
Business Systems ◽  
Governance System ◽  
Digital Twins ◽  
Information Components ◽  
Corporate Business ◽  
Business Relations

The task of organizing corporate governance of groups of business systems that carry out industrial activities in the Industry 4.0 paradigm and are focused on a single market segment is considered. The subjects of governance are defined as residents of corporate business relations (stakeholders) who provide management or action the business as an investor, owner, lender, etc. The objects of governance are defined as business systems and their groups (business complexes, State corporations) formed as a result of institutional and infrastructural transformations in the primary and aggregated parts of industry. The  innovative component (subject), corresponding to the globalization of economic and digitalization of business processes, introduced an information system into the management channel that performs modeling and evaluating the effectiveness of corporate business relations in a virtual environment using digital twins of governance objects. Digital twins are the information components of a virtual corporation deployed on a platform of a decentralized ecosystem. The criterion for the quality of governance is the effectiveness of the corporation, formed in a balanced space of parameters relevant to financial and production indicators. The technology is described and the scheme of the corporate governance system is presented, which complementarily combines the action of business management systems and artificial intelligence (scheduler) of the virtual environment on the groups. It is proposed to extend the mechanisms of corporate governance to the business relations of the parties regulated in the digital institutional environment by electronic procedures.

scholarly journals Corporate Governance Development and Practices in an Emerging Economy: A Review of Empirical Findings and Literature in Saudi Arabia

2021 ◽  
Vol 16 (3) ◽  
pp. 11
Author(s):  
Bader Alharbi ◽  
Abdullah Alharbi
Keyword(s):  
Corporate Governance ◽  
Saudi Arabia ◽  
Financial Performance ◽  
Institutional Environment ◽  
Emerging Economy ◽  
Business Culture ◽  
Voluntary Disclosures ◽  
Corporate Social ◽  
Made In

Purpose: The aim is to review the literature and present some of the academic contributions researchers have made in the study, development and practice of corporate governance (CG) in Saudi Arabia. Design/Methodology: We conducted a guided words search on electronic databases using “corporate governance in Saudi Arabia” as the search words. The scope of the study was restricted to the needed materials and information contained in refereed journals from 1965 to 2018 and held in the ABI/INFORM Global, Emerald databases and a few other internationally recognized electronic databases. The papers were first sorted into areas of possible CG application. They are finally analyzed and then synthesized. Findings: That six broad areas have been examined in relation to CG structures and development; they include: company financial performance, corporate social responsibilities, earnings management, corporate voluntary disclosures, financial structure and the role of CG in times of financial crisis. The papers are skewed in favour of, CG and company financial performance at the expense of other areas. CG has evolved, even though, the country’s institutional environment may not be too close to those of OECD nations, but the establishment of the new 2006 CG code is a positive addition to the business culture. Nevertheless, there are still other outstanding CG issues identified by scholars and practitioners that are not in conformity with international best CG practices. Research limitations/implications: The study’s analysis was restricted to between 1965 and 2018, and papers from some and not all electronic data bases were used. Originality/value: The paper provides a comprehensive review and analysis CG development and practice in an emerging economy where greater importance is usually attached to informal relationships and other considerations than formal CG mechanisms.

scholarly journals Corporate Governance Performance Relationship and the Role of Institutions and Culture: New Evidence from Asian Microfinance Institutions

2021 ◽  
Vol 7 (3) ◽  
Author(s):  
Ahmad Nawaz ◽  
Sidra Shahbaz ◽  
Abdul Farooq ◽  
Muhammad Masood Anwar
Keyword(s):  
Corporate Governance ◽  
Institutional Environment ◽  
Social Performance ◽  
Governance Mechanism ◽  
Microfinance Institutions ◽  
Data Set ◽  
Corporate Governance Mechanism ◽  
Asian Context ◽  
Globalized World ◽  
The Impact

Purpose: In a globalized world today, Microfinance Institutions (MFIs) are concerned about their corporate governance mechanism to enhance financial and social performance. However, it largely depends on the existing institutional, cultural and economic factors. This paper furthers the debate on the impact of corporate governance on the financial and social performance of Microfinance Institutions (MFIs) in Asian Context. Design/Methodology/Approach: The paper utilizes a panel cross-country data set comprised of 183 MFIs in 18 Asian countries over the period of 2010-2018. For empirical analysis, it applies GMM regression technique to control for the endogeniety issue.    Findings: The results show that generally corporate  governance mechanism contributes more  towards  social  performance  of  MFIs  than  the  financial  performance and a conducive institutional environment enhances both financial and social performance. However, good cultural and economic values contribute only towards the social performance of MFIs. Implications/Originality/Value: Since majority of MFIs irrespective of their status are socially oriented. Therefore, good corporate governance mechanism is more effective in enhancing social performance in particular. Progress towards human development contributes to both financial and social performance of MFIs.

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