The Political Logic of Corporate Governance in China's State-owned Enterprises

摘要

In this paper I use the theoretical framework of legitimacy management to approach corporate governance in SOEs in China. This paper argues that Chinese SOEs are subject to twin governance structures, which combine political governance and legal governance. It examines how these two structures interact with each other and explains the rationale of this hybrid approach. It also discusses the implications of this approach on the future development of SOE governance and corporate law development in China.