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Revitalizing China’s Economy by Improved Corporate Governance and State-Owned Enterprise Reforms

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  • Margit Molnar

    (OECD Economics Department, France)

Abstract

With persisting slower growth worldwide and in China, over-capacity in some heavy industry sectors, declining profitability, and intensifying competition from other, lower-cost emerging economies, corporate behavior in China needs to change and focus more on efficiency and sustainability. A larger proportion of firms, including state-owned enterprises, should improve corporate governance practices. To this end, fraudulent corporate practices must be halted and State assets need to be better managed. Reforms are under way or envisaged that will help improve corporate performance and, more broadly, deliver more resilient and environmentally sustainable growth and continuing progress in living standards.

Suggested Citation

  • Margit Molnar, 2017. "Revitalizing China’s Economy by Improved Corporate Governance and State-Owned Enterprise Reforms," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 8(03), pages 1-23, October.
    • Handle: RePEc:wsi:jicepx:v:08:y:2017:i:03:n:s1793993317500156
    DOI: 10.1142/S1793993317500156
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    References listed on IDEAS

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    1. Jiang, Guohua & Rao, Pingui & Yue, Heng, 2015. "Tunneling through Non-Operational Fund Occupancy: An investigation based on officially identified activities," Journal of Corporate Finance, Elsevier, vol. 32(C), pages 295-311.
    2. Daniel Shapiro & Yao Tang & Miaojun Wang & Weiying Zhang, 2015. "The effects of corporate governance and ownership on the innovation performance of Chinese SMEs," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 13(4), pages 311-335, November.
    3. Firth, Michael & Leung, Tak Yan & Rui, Oliver M. & Na, Chaohong, 2015. "Relative pay and its effects on firm efficiency in a transitional economy," Journal of Economic Behavior & Organization, Elsevier, vol. 110(C), pages 59-77.
    4. Huang, Wei & Zhu, Tao, 2015. "Foreign institutional investors and corporate governance in emerging markets: Evidence of a split-share structure reform in China," Journal of Corporate Finance, Elsevier, vol. 32(C), pages 312-326.
    5. Margit Molnar & Baolin Wang & Wenhao Chen, 2017. "Corporate governance and firm performance in China," OECD Economics Department Working Papers 1421, OECD Publishing.
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    Cited by:

    1. Huaijia Zhu & Bo Chen & Huaiqi Zhu, 2024. "How does central enterprise reform promote total factor productivity of defense firms in China?," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-27, April.
    2. Wang, Dingqing & Liao, Hongwei & Wang, Xinyue, 2024. "The enabling effects of digital technology on the quality of firm development: Insights and implications," International Review of Financial Analysis, Elsevier, vol. 96(PA).

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