Institutional change and corporate governance diversity in China’s SOEs

Abstract

This study investigates the impact of different types of state ownership on corporate governance, with particular reference to state-owned enterprises in China. Our findings are that Chinese institutional reforms have produced diversified state ownership regimes. We argue that different types of government ownership exert different influences on ownership structure and executive shareholding. The study contributes to corporate governance research by challenging the conventional definition of state ownership and proposes that corporate governance studies should incorporate changing institutional environments in emerging economies.