StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

The Governance Roles of Different Types of State-Share Holders - Thesis Example

Cite this document
Summary
"The Governance Roles of Different Types of State-Share Holders" paper suggests that different governance roles of different types of state-share holders be another important consideration for the Chinese government's future sell-off decision: state-owned shares held by GAS should be released first…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.3% of users find it useful
The Governance Roles of Different Types of State-Share Holders
Read Text Preview

Extract of sample "The Governance Roles of Different Types of State-Share Holders"

Download file to see previous pages

The transition experience has been diverse (see Djankov and Murrell (2002) for a review). Nellis (1999) contends that the effectiveness of privatization in transitional economies depends on the existence of the institutional underpinnings of capitalism. In addition, empirical studies confirm the close relationship between good institutions and economic development (De Long and Shleifer, 1993), Besley, 1995; Knack and Keefer, 1995; Easterly and Levine, 1997, 2003; Acemoglu, Johnson, and Robinson, 2001).

On the other hand, Stiglitz (1999) suggests that using "better management contracts" to make state-share holders act like private owners is a better choice in the absence of those institutional underpinnings, a path which has been followed by the Chinese government in the past two decades. As noted in the World Bank (1997), "most other countries in transition have turned to systemic, widespread privatization of state-owned enterprises (SOEs). In China, the state, or its agents, carry out shareholder functions performed by private owners in market economic systems.

" Retaining a large portion of state-owned shares in listed companies1, the Chinese government delegates different types of state-share holders to control these state-owned shares. This thesis attempts to examine the governance role of different types of state-share holders in Chinas listed companies.Chinas transition from a central-planned economy to a market-oriented one is special and unique. The Chinese government creates its own path of transition rather than just using a "blueprint" or "recipe" from western advisors.

The Chinese government has been always attempting to privatize its state-owned assets gradually rather than a "big bang" like that undertaken by Russia and some other former Soviet Union countries. To prevent potential social unrest from radical privatization, the Chinese government retains a large portion (more than 30%) of state-owned shares in listed SOEs. Thus, the number of privately-listed companies not owned by the Chinese government is relatively few in China.

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(The Governance Roles of Different Types of State-Share Holders Thesis, n.d.)
The Governance Roles of Different Types of State-Share Holders Thesis. https://studentshare.org/macro-microeconomics/1708894-economic-development-4final
(The Governance Roles of Different Types of State-Share Holders Thesis)
The Governance Roles of Different Types of State-Share Holders Thesis. https://studentshare.org/macro-microeconomics/1708894-economic-development-4final.
“The Governance Roles of Different Types of State-Share Holders Thesis”. https://studentshare.org/macro-microeconomics/1708894-economic-development-4final.
  • Cited: 0 times

CHECK THESE SAMPLES OF The Governance Roles of Different Types of State-Share Holders

Governance Significance for Contemporary Political Sociology

Although it would be useful to have an authoritative typology (such as by updating the politics of Aristotle), most scholars prefer to study and compare two or three regime types.... The issue of the state of government transferring into an incredibly different area of governance, is one which is highly speculated and opinionated on in today's world, as it is one of the most major causes of controversy and concern; there is an almost opposite meaning of the two terms of ‘government' and ‘governance', … As well, there are certain implications for a political sociology of the state, of which are also key and completely crucial to this particular overall discussion and so they too must be discussed until fully understood....
10 Pages (2500 words) Essay

Necessity of Accounting Standards

In the absence of accounting standards, an analyst would be hard put to compare the financial statements of two different companies and arrive at meaningful conclusions.... The paper “Necessity of Accounting Standards” focuses on transparency in financial reporting, and the existence of internal and external controls, which are the sheet anchors on which modern financial markets are based....
7 Pages (1750 words) Assignment

Corporate Governance of Colour Image Pty Ltd

Jack, who is a director of Colour Image Pty Ltd is expected to act with reasonable care, skill and diligence and to prevent insolvent trading under s 185 Corporations Act.... These are the basic duties of the directors. The responsibility to stop insolvent trade is encompassed in… It says, ‘The policy foundation is designed to defend unsecured creditors of the corporation upon winding up of the company....
11 Pages (2750 words) Coursework

Stock Exchange and Fair Market Place

Investing in stock exchanges gives better return but Every investment comes with different types of risk associated with it.... Share prices of a company always fluctuate due two types of risks – systematic and unsystematic risk.... Now we need to consider the various types of risks that are associated with investing in the stock market.... There are several types of unreasonable risks that are faced by the investors in the stock market....
11 Pages (2750 words) Essay

Limited companies

This company is a separate as well as a different legal unit.... This type of company can be established with one member or more .... or the establishment of Limited Liability Company the member size can be… 1-3).... In this paper the discussion is about the concept of Limited Liability Company, the advantages and disadvantages of this company and also the differences between ordinary and preferences shares. Limited Liability Company This type of company can be formed as partnership and there have to be a contract relationship amid the members as well as firm....
4 Pages (1000 words) Assignment

Analysis of International Business Finance

The case of Arcelor-Mittal was also no different.... This research paper discusses the two of the most important components of finance to any company which is that of shareholder's equity and debt.... The paper analyses to develop synergies for the companies.... hellip; The debts, on the other hand, are borrowings for the company and are known as the loaner's fund....
10 Pages (2500 words) Research Paper

The Stakeholder Theory of the Corporation

Yet there are people who would wish to classify different stakeholders.... Therefore the question about how far a stakeholder can go in order to influence corporate governance can cause a lot of confusion.... In the paper “The Stakeholder Theory of the Corporation” the author discusses the influence of stakeholders and how corporate organizations are governed, but the big question is: how influential are they?...
10 Pages (2500 words) Dissertation

Shareholders Rights in Qatar

The shareholders attend a shareholder meeting where the voting can be done in different ways.... "Shareholders Rights in Qatar" paper focuses mainly on the rights of shareholders in Qatar and the remedies of a shareholder.... The type of a right that a shareholder can have is determined by the company....
6 Pages (1500 words) Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us