导图社区 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
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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
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