| 書(shū)目名稱 | Venture Capital and the Corporate Governance of Chinese Listed Companies | | 編輯 | Lin Zhang | | 視頻video | http://file.papertrans.cn/982/981046/981046.mp4 | | 概述 | Applies venture capital perspective to analyze Chinese corporate governance.Timely topic, as interest in Chinese business is growing rapidly.Considers implications for foreign, especially American, in | | 圖書(shū)封面 |  | | 描述 | .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. | | 出版日期 | Book 20121st edition | | 關(guān)鍵詞 | China; Corporate governance; Enterprise governance; Foreign direct investment (FDI); High tech industrie | | 版次 | 1 | | doi | https://doi.org/10.1007/978-1-4614-1281-6 | | isbn_softcover | 978-1-4899-9490-5 | | isbn_ebook | 978-1-4614-1281-6 | | copyright | Springer Science+Business Media, LLC 2012 |
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