公司治理的路径依赖性及其对公司治理趋同的影响

Path Dependency and Convergence of Corporate Governance

在全球化背景下,各国(地区)出于提高治理效率以提高竞争力的目的,纷纷对其公司治理加以改革,并表现出一定程度的趋同现象;但是,公司治理具有路径依赖特征,一国公司治理的变迁必然受到其原先路径的影响。因此,即便在全球化的推动下,不同国家(地区)的公司治理也不会发生完全的趋同;公司治理的差异化将是一个长期的现象。

As a type of institutional arrangement, corporate governance has the attribute of path dependence, that is to say, the change of corporate governance is effected by its previous path. Under the circumstance of globalization, many countries （districts） make significant reforms in corporate governance. Such reforms facilitate the convergence of corporate governance. Due to the effects of path dependence, however, different corporate governance models would not converge completely.