解析电商文案撰写全过程

解析电商文案撰写全过程的思维导图，具体有： Introduction Institutional background Purposes Conclusion Article structure

Corporate governance in China: A modern perspective

• Introduction
  • China has now become the world’s second largest economy
  • China is a large transition economy, moving away from a planned economy to a market-oriented one
  • Corporate governance research is needed in China
• Institutional background
  • 1.Overview of China’s capital markets
  • 2.China’s securities regulator and The CSRC establishes rules for markets
  • 3.Corporate governance regulations
  • 4.China’s Corporate Governance Code
  • 5.State-Owned Assets Supervision and Administration Commission
    • Responsibilities of SASAC
  • 6.The split share reform in 2005
• Purposes
  • Provide a current overview of corporate governance in China
  • Provide a current overview of corporate governance in China
• Conclusion
  • China is rapidly developing and new rules and regulations are constantly changing China’s corporate governance landscape
  • Describe the papers in this special issue and how they contribute to our understanding of modern corporate governance in China
• Article structure
  • Stylized facts of important variables that relate to corporate governance
    • 1.Ownership concentration in China
    • 2.Managerial ownership in China
    • 3.Institutional investors in China but the share is still small
    • 4.Board structure in China and additional independent directors
    • 5.Managerial compensation in China
    • 6.Capital structure in China and the overall debt ratio is very high
    • 7.Dividend policy in China
  • Internal governance in China
    • 1.Large shareholders in China
      • A large number of Stockholders have no voting rights
      • The government does not tunnel for private benefits
      • Multiple large shareholders is a solution
      • On managerial ownership in China
    • 2.Primary role of independent directors is different in China
    • 3.Pay is not an important incentive for SOE managers
    • 4.Debt and dividends as (non)moderators of agency costs in China
      • （1）It is doubtful that debt disciplines managers in China
      • （2）the lenders themselves (i.e., banks) are not monitoring in China
      • （3）Chinese firms do not pay dividends due to pressure from shareholders
    • 5.The CEO is often not the one with control
  • External governance in China
    • 1.The legal environment is weak (but improving)
    • 2.Institutional investors in China are unlikely to monitor
    • 3.Brief discussion of three markets: labor, control, and product
      • （1）The market for managerial talent in China is nascent
      • （2）The market for corporate control is nascent
      • （3）Product market competition in China disciplines managers
    • 4.Chinese firms engage in CSR is to build political connections
    • 5.Cross-listings likely improves Chinese firms’ corporate governance