LEADER 05450nam 2200553Ia 450 001 9910816076603321 005 20160927111900.0 010 $a1-78560-957-2 035 $a(CKB)3710000000861581 035 $a(EBL)4689652 035 $a(OCoLC)958651087 035 $a(MiAaPQ)EBC4689652 035 $a(UtOrBLW)ovld001900336 035 $a(EXLCZ)993710000000861581 100 $a20160927d2016 ky 0 101 0 $aeng 135 $aurun||||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 04$aThe political economy of Chinese finance /$fedited by J. Jay Choi, Michael R. Powers, Xiaotian Tina Zhang 205 $aFirst edition. 210 1$aUnited Kingdom :$cEmerald,$d2016. 215 $a1 online resource (424 p.) 225 1 $aInternational finance review,$x1569-3767 ;$vv. 17 300 $aDescription based upon print version of record. 311 $a1-78560-958-0 320 $aIncludes bibliographical references. 327 $aFront Cover; The Political Economy of Chinese Finance; Copyright Page; Contents; List of Contributors; Part I: An Overview and Conceptual Foundations; Market Socialism with "Chinese Characteristics"; Introduction; Timeline of China's Economic Reform; Confucianism, Socialism, and SOEs; Forthcoming Papers; Notes; The Metaphysical Foundations of Political Economy in China and the West; Introduction; Political Economy; The Phenomenology of Political Economy; The Concept of Political Economy; Metaphysics; An Historical Perspective on the Concept of 'Metaphysics'; Heidegger's Concept of Metaphysics 327 $aHeidegger's Metaphysical ErasWestern Metaphysics; Confucian Metaphysics; Conclusion; References; Part II: State and Corporate Governance; A State-Stewardship View on Executive Compensation; Introduction; Institutional Background; Privatization and the Split-Share Structure Reform; Corporate Governance Structure and Executive Compensation Structure; A State-Stewardship View; Hypothesis; State Control and Gray Income; Value Maximization: Agents versus State's Stewards; Political Connections and Managerial Backgrounds; Internal Governance and Symbolic Management 327 $aLocal and National Political GoalsData and Methodology; Data; Methodology; Results and Discussion; Benchmark Results; SOEs versus Private Firms; The Regional Analysis; Robustness Checks; Results from Alternative Panel Data Models; Pay and Performance Revisited: Instrumental Variable Strategy; Generalizability and Alternative Explanations; Conclusion; Notes; Acknowledgments; References; Netizens and Private Monitoring in Chinese Banking; Information and Private Monitoring in Chinese Banking; Relationship and Transactional Banking Models in Chinese Banking 327 $aPathologies in Chinese Relationship and Transactional BankingPersonal Relationships between Senior Bankers and SOE Senior Managers; A Simple Argument for Better Chinese Banking Governance; Final Thoughts; Notes; References; Appendix; CEO Promotion, Relative Performance Measures, and Institutions in an Emerging Market: Evidence from China's Listed State-Owned Enterprise; Introduction; Background and Hypothesis; Incentive Schemes in China's SOEs; The Relative Performance Measure as Explicit Incentive in China's SOEs; Variables and Models; Incentive Schemes in China's SOEs; Promotion 327 $aEntering GovernmentRotation; Demotion; Imprisonment; Other Honorary Positions; Relative Performance Evaluation (RPE); Other Factors; Data and Sample; Data; Sample Description; Results; Association between Incentive Schemes and Prior Firm Performance; Incentive Schemes and Subsequent Firm Performance; Univariate Tests; Regression Results; Conclusion; Notes; Acknowledgments; References; Appendix: The Characteristics of Chinese Bureaucratic Layers (Source: Chinese Government Yearbooks); County Level; Municipal Level; Provincial Level; Central Level 327 $aPart III: Control and Ownership in the Corporate Sector 330 $aVolume 17 of International Finance Review focuses on a variety of issues relating to the political economy of Chinese finance, including: the pattern of government ownership and control of Chinese firms; the role of government in corporate governance of industrial and financial firms; the interaction of culture, law and institutions in Chinese governance systems; corporate social responsibility, stakeholders and sustainable growth; the effect of political connections on corporate performance and society; privatization, IPOs, exchange listing and firm valuation; the role of government in banking and financial markets; practice of corporate risk management and insurance; foreign-exchange policy and its effect on firms and markets; foreign direct and portfolio investments in China; international investments and operations of Chinese firms; Chinese economic relations with the US and other countries. 410 0$aInternational finance review ;$vv. 17. 606 $aBusiness & Economics$xFinance$2bisacsh 606 $aFinance$zChina 615 7$aBusiness & Economics$xFinance. 615 0$aFinance 676 $a332 701 $aChoi$b Jongmoo Jay$f1945-$01684044 701 $aPowers$b Michael R$0278387 701 $aZhang$b Xiaotian Tina$01720336 801 0$bUtOrBLW 906 $aBOOK 912 $a9910816076603321 996 $aThe political economy of Chinese finance$94118905 997 $aUNINA