Suchergebnisse

The role and performance of the two dominant financial institutions in the rural sector of the PRC, the Agricultural Bank of China (ABC) and the Rural Credit Co-operatives (RCCs), are examined. Organizational structures of the ABC and the RCCs. Problems and constraints in the operation and management of the ABC. Substantial progress in the development of the rural financial institution since the economic reform programme started in 1978. (DÜI-Sen)

Corporate governance is often regarded as a weak link in Asia's company performance. Most studies have focused on the relationship between ownership and firm value, but the instruments that mediate that relationship have often been overlooked. This paper attempts to address this issue by examining the relationship between ownership types and firm performance by analysing variations in governance practices and their impact on firm performance. This paper shows that different types of majority owners exhibit distinct traits of behaviour and preferences for corporate governance practices in an environment of pervasive concentration of shareholding. Such governance practices and various firm characteristics are found to have an impact on firm performance.

China's recent economic reforms have led to impressive growth, and an unprecedented enthusiasm for establishing foreign enterprises in China. Since 1993, China has been the second largest recipient of foreign direct investment in the world and is now considered to be the world's third biggest economy. Its greater economic integration with the rest of the world, especially since its accession to the World Trade Organisation (WTO), has further accelerated its market-oriented economic reforms. China is now opening its protected markets and beginning to submit to the rule of international law. This ongoing transition and increasing participation in the world economy has resulted in significant changes in human resource management and social welfare practices in China's enterprises. The book examines the key areas, all of which are linked, where China is grappling with institutional reforms as it opens up to the outside world: state-owned enterprise reform, capital markets and financial reform, human resources and labour market reform, social welfare reform, and China's accession to the WTO and the growth of the private sector.