The political economy of Chinese finance / / edited by J. Jay Choi, Michael R. Powers, Xiaotian Tina Zhang

• Pubblicazione: United Kingdom : , : Emerald, , 2016
• Edizione: First edition.
• Descrizione fisica: 1 online resource (424 p.)
• Disciplina: 332
• Soggetto topico: Business & Economics - Finance; Finance - China
• Altri autori: ChoiJongmoo Jay <1945-> PowersMichael R ZhangXiaotian Tina
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Front 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 ; Heidegger'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 ; Local 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 ; Pathologies 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 ; Entering 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 ; Part III: Control and Ownership in the Corporate Sector
• Sommario/riassunto: Volume 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.
• Titolo autorizzato: The political economy of Chinese finance
• ISBN: 1-78560-957-2
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910816076603321
• Lo trovi qui: Univ. Federico II
• Serie: International finance review ; ; v. 17.