Search Results for venture-capital-and-the-corporate-governance-of-chinese-listed-companies

State-controlled listed companies have always dominated Chinese stock markets.

Author: Lin Zhang

Publisher: Springer Science & Business Media

ISBN: 1461412811

Category: Business & Economics

Page: 122

View: 157

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State-controlled listed companies have always dominated Chinese stock markets. As a result of the rampant scandals related to them, there have been voluminous academic efforts to explore their corporate governance, underpinned by agency costs. However, these studies have yet to examine the phenomenon from the perspective of venture capital and adaptive efficiency. During the last ten years, despite China’s remarkable progress in the development of its venture capital market, its domestic venture capital has been marginalized by American competitors. Given the different performance between them, the author contends that the corporate governance system of Chinese state-controlled listed companies has hampered the performance of the institutional factors which are responsible for the prosperity of American venture capital in Chinese venture capital markets. With the practice of American venture capital as the mirror, he empirically demonstrates that Chinese domestic venture capital lacks the four factors related to the success of their American counterparts: large and independent funding, application of incentive mechanisms, efficient exit channels, and a high risk tolerance level. More importantly, these defects as a whole are closely linked to the corporate governance of state-controlled listed companies. Considering the potential negative consequences on economic and social development, the author identifies policy reforms underway to harmonize agency costs and adaptive efficiency.
2011-10-20 By Lin Zhang

Author: Lin Zhang

Publisher: Open Dissertation Press

ISBN: 1360991050

Category: Business & Economics

Page: 254

View: 861

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This dissertation, "Venture Capital and the Corporate Governance of Chinese Listed Companies" by Lin, Zhang, 张琳, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. DOI: 10.5353/th_b4515096 Subjects: Corporate governance - China Stock companies - China Corporations - China Venture capital - China
2017-01-26 By Lin Zhang

This new edition explores the enhancement of the control-based model of Chinese state-controlled listed companies (CSCLC) and the gradual influence of state power on Chinese privately-held listed companies (CPHLC)—a trend referred as ...

Author: Lin Zhang

Publisher: Springer

ISBN: 3030675718

Category: Business & Economics

Page:

View: 755

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At the end of 2012, the world witnessed a new administrative power take over China. With this shift came further reform to the corporate governance of Chinese state-controlled and privately-held listed companies. This new edition explores the enhancement of the control-based model of Chinese state-controlled listed companies (CSCLC) and the gradual influence of state power on Chinese privately-held listed companies (CPHLC)—a trend referred as state capitalism. The author contends that these latest institutional changes in the field of corporate governance in China have negatively impacted the efficiency of the legal ecology of Chinese domestic venture capital and in turn weakening China’s innovative ability.
2021-12-11 By Lin Zhang

Author: Lin Zhang (Ph. D.)

Publisher:

ISBN: OCLC:701010826

Category: Corporate governance

Page: 488

View: 978

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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 ...

Author: Guanghua Yu

Publisher: Routledge

ISBN: 9781136713583

Category: Business & Economics

Page: 208

View: 908

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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 corporate governance models, including: executive compensation takeover markets the securities market insolvency issues venture capital market Examining the current climate and making the case that comparative corporate governance studies have significant policy implications for China’s transitional economy, Yu has put together a book that is a valuable resource for students and those working in Asian business, corporate governance and commercial law.
2012-09-10 By Guanghua Yu

China’s Venture Capital Market addresses this important topic and argues for further improvements in legal frameworks for venture capital in China. The book consists of five chapters, each covering an aspect of venture capital in China.

Author: Lin Zhang

Publisher: Elsevier

ISBN: 9780857094513

Category: Business & Economics

Page: 102

View: 383

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The venture capital market in China has been developing for over twenty years. Over this period, the legal frameworks surrounding China’s venture capital have evolved significantly. China’s Venture Capital Market addresses this important topic and argues for further improvements in legal frameworks for venture capital in China. The book consists of five chapters, each covering an aspect of venture capital in China. The first chapter profiles the venture capital market. The second, third and fourth chapters consider the legal problems and suggest reform measures for fundraising in, operation of and exit from Chinese venture capital. The book concludes by asking how long it will take for reform measures to take place in China. Fills a gap in the market by weighing up the pros and cons of the legal system under which venture capital operates in China Contains primary source material, including interviews with Chinese venture capitalists Gives new case studies of Chinese venture capital
2014-12-01 By Lin Zhang

For those books focussing on a comparative analysis of the VC industry, their scope tends to be confined to drawing comparisons ... Lin Zhang, Venture Capital and the Corporate Governance of Chinese Listed Companies (New York Dordrecht ...

Author: Lin Lin

Publisher: Cambridge University Press

ISBN: 9781108423557

Category: Business & Economics

Page: 300

View: 180

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Provides an in-depth comparative, empirical and critical analysis of the law and practice of venture capital in China.
2021-02-18 By Lin Lin

The corporation must abide by the Company Law , which does not permit more than 50 percent of capitalization to be ... Some of these , especially listed companies , have stepped in to provide venture capital , primarily for high - tech ...

Author: Stoyan Tenev

Publisher: World Bank Publications

ISBN: 0821351362

Category: Business & Economics

Page: 168

View: 888

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As China continues in its evolution from a planned economy to a market economy, and from an agricultural to a manufacturing and service-oriented economy, issues arising from owner diversification, corporate governance, and labor resource allocation have come to the forefront. Most particularly, corporate governance is being focused on as the state continues its withdrawal from direct ownership. This study evaluates short- and medium- term corporate governance issues impacting companies involved in ownership diversification. It examines problems associated with governance such as cost and framework design and makes recommendations concerning the many facets of corporate governance.
2002 By Stoyan Tenev

Zhang L, 'Adaptive Efficiency and the Corporate Governance of Chinese State-Controlled Listed Companies: Evidence from the Fundraising of Chinese Domestic Venture Capital' (2010) 10 UC Davis Business Law Journal 151.

Author: Alexandr Svetlicinii

Publisher: Routledge

ISBN: 9781000335996

Category: Business & Economics

Page: 134

View: 662

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This book analyzes the specifics of corporate governance of China’s State Owned Enterprises (SOEs) and their assessment under EU merger control, which is reflected in the EU Commission’s screening of the notified economic concentrations. Guided by the going global policy and the Belt and Road Initiative, Chinese SOEs have expanded their global presence considerably. Driven by the need to acquire cutting edge technologies and other industrial policy considerations, Chinese SOEs have engaged in a series of corporate acquisitions in Europe. The main objective of this book is to demonstrate the conceptual and regulatory challenges of applying traditional merger assessment tools in cases involving Chinese SOEs due to the specifics in their corporate governance and the regulatory framework under which they operate in China. The book also explores the connection between the challenges experienced by the merger control regimes in the EU and the recent introduction of the EU foreign direct investment screening framework followed by a proposal concerning foreign subsidies. The book will be a useful guide for academics and researchers in the fields of law, international relations, political science, and political economy; legal practitioners dealing with cross-border mergers and acquisitions; national competition authorities and other public bodies carrying out merger control; policy makers, government officials, and diplomats in China and the EU engaged in bilateral economic relations.
2020-12-14 By Alexandr Svetlicinii

Zhu Baoxian and Miu Haiying, 'A Preliminary Discussion of Connected Transactions in Chinese Listed Companies', ... Chapter 3 The proper role of government in building a venture capital market 1 2 3 4 R. Coase, 'The Problem of Social ...

Author: Guanghua Yu

Publisher: Routledge

ISBN: 9780415403061

Category: Business & Economics

Page: 193

View: 618

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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 corporate governance models, including: executive compensation takeover markets the securities market insolvency issues venture capital market Examining the current climate and making the case that comparative corporate governance studies have significant policy implications for China's transitional economy, Yu has put together a book that is a valuable resource for students and those working in Asian business, corporate governance and commercial law.
2007 By Guanghua Yu