CORPORATE GOVERNANCE AND CORPORATE PERFORMANCE IN CHINA: IS THERE A CONNECTION?

摘要

Based upon data from 650 listed Chinese companies, this study re-examines the relationship between corporate governance and corporate performance. The findings of the paper suggest that corporate performance in China is mostly influenced by other economic variables, not by the form of corporate governance. This poses a question for China as to whether the current top-down approach to corporate governance, which is largely based on duplicating the Anglo-American model, will be effective in linking firm performance with independent directors.