State-owned enterprises are important pillars of socialism with Chinese characteristics,and the modernization of their governance system and governance capacity is an important part of the modernization of the nationa...State-owned enterprises are important pillars of socialism with Chinese characteristics,and the modernization of their governance system and governance capacity is an important part of the modernization of the national governance system and governance capacity.Through case study and specific practice,this paper carries out an in-depth thinking and serious analysis on how to promote the modernization of the governance system and governance capacity of state-owned enterprises under the new situation and requirements.This paper puts forward three kinds of management and control mechanism to enhance core competence in addition to the specific implementation path by using digital governance means.展开更多
The top-level design of national governance plays a leading role in reforming the corporate governance of state-owned enterprises(SOEs)at the micro level.Following the overall objectives of comprehensively deepening r...The top-level design of national governance plays a leading role in reforming the corporate governance of state-owned enterprises(SOEs)at the micro level.Following the overall objectives of comprehensively deepening reforms,this paper argues that the objective of SOEs corporate governance reform at this stage should be to improve and develop the SOEs corporate governance system with Chinese characteristics and modernize SOEs corporate governance system and governance capacity.To achieve this ambitious objective,this paper considers the theory of SOEs corporate governance with Chinese characteristics,and then explores the concrete manifestation and implementation pathway to the modernization of SOEs corporate governance system and governance capacity.This paper thus enriches the theory of corporate governance and provides insights into the newera SOEs corporate governance reform.展开更多
State-owned enterprises(SOEs)are both the economic and political bases of the Chinese Communist Party(the Party)and the Chinese state.The overarching principle of SOE reform is to firmly implement the Party’s leaders...State-owned enterprises(SOEs)are both the economic and political bases of the Chinese Communist Party(the Party)and the Chinese state.The overarching principle of SOE reform is to firmly implement the Party’s leadership and the modern enterprise system.This principle creates a political governance system in China’s SOEs—a Party-dominated governance system characterized by Party leadership,state ownership,Party cadre management,Party participation in corporate decision-making,and intra-Party supervision.This survey explains the logic of political governance in China’s SOEs,presents the evolution and current practices of each element of the system,and discusses findings from both academic research and the field.展开更多
This research aims to investigate the influence of female directors on Intellectual Capital Performance(ICP)using a sample of manufacturing-listed companies in China.Our study investigates the link between having two ...This research aims to investigate the influence of female directors on Intellectual Capital Performance(ICP)using a sample of manufacturing-listed companies in China.Our study investigates the link between having two or more female directors and the Modified Value-Added Intellectual Coefficient(MVAIC)methodology,employing the critical mass theory from 2004–2017.We find that having a critical mass of female directors(three or more)shows a significant positive impact on MVAIC and its components,including human capital efficiency,structural capital efficiency,relational capital efficiency,and physical capital efficiency,with physical capital being the critical driver.Our study reveals that the critical mass participation of female directors substantially influences the IC efficiency of privately owned companies compared to state-owned companies.Moreover,the number of female directors also affects the IC performance of manufacturing companies in multiple regions.Our findings support the validity of group classification identified by Kanter and Critical Mass Theory.To the best of our knowledge,this is one of the few pieces of research that studies the role of female board directors in IC performance and Chinese manufacturing firms using MVAIC as an IC measure.展开更多
文摘State-owned enterprises are important pillars of socialism with Chinese characteristics,and the modernization of their governance system and governance capacity is an important part of the modernization of the national governance system and governance capacity.Through case study and specific practice,this paper carries out an in-depth thinking and serious analysis on how to promote the modernization of the governance system and governance capacity of state-owned enterprises under the new situation and requirements.This paper puts forward three kinds of management and control mechanism to enhance core competence in addition to the specific implementation path by using digital governance means.
基金This paper is supported by the Key Project of the National Natural Science Foundation of China(No.71432008).The authors thank Prof.LI Shanmin,Prof.YI Zhihong,Prof.JIANG Dongsheng,Prof.LIU Zhibiao,Prof.LU Zhengfei,Prof.WANG Huacheng,Prof.LÜChangjiang,Prof.TANG Guliang,Prof.WANG Changyun,Prof.ZHENG Hongliang,Prof.WANG Dehua,Prof.XU Feng,Prof.ZHANG Mubin,and friends from central enterprises and financial institutions,such as Mr.YOU Hua,Dr.WANG Yuntong,Dr.QIAN Zhonghua,Dr.QIN Yihu,for their constructive comments and suggestions on this paper.Opinions expressed in this paper are the authors’sole responsibility。
文摘The top-level design of national governance plays a leading role in reforming the corporate governance of state-owned enterprises(SOEs)at the micro level.Following the overall objectives of comprehensively deepening reforms,this paper argues that the objective of SOEs corporate governance reform at this stage should be to improve and develop the SOEs corporate governance system with Chinese characteristics and modernize SOEs corporate governance system and governance capacity.To achieve this ambitious objective,this paper considers the theory of SOEs corporate governance with Chinese characteristics,and then explores the concrete manifestation and implementation pathway to the modernization of SOEs corporate governance system and governance capacity.This paper thus enriches the theory of corporate governance and provides insights into the newera SOEs corporate governance reform.
基金supported by the National Social Science Fund of China Key Project(Study on the Reform and Innovation of Monitoring System of SOEs,No.17ZDA086)
文摘State-owned enterprises(SOEs)are both the economic and political bases of the Chinese Communist Party(the Party)and the Chinese state.The overarching principle of SOE reform is to firmly implement the Party’s leadership and the modern enterprise system.This principle creates a political governance system in China’s SOEs—a Party-dominated governance system characterized by Party leadership,state ownership,Party cadre management,Party participation in corporate decision-making,and intra-Party supervision.This survey explains the logic of political governance in China’s SOEs,presents the evolution and current practices of each element of the system,and discusses findings from both academic research and the field.
文摘This research aims to investigate the influence of female directors on Intellectual Capital Performance(ICP)using a sample of manufacturing-listed companies in China.Our study investigates the link between having two or more female directors and the Modified Value-Added Intellectual Coefficient(MVAIC)methodology,employing the critical mass theory from 2004–2017.We find that having a critical mass of female directors(three or more)shows a significant positive impact on MVAIC and its components,including human capital efficiency,structural capital efficiency,relational capital efficiency,and physical capital efficiency,with physical capital being the critical driver.Our study reveals that the critical mass participation of female directors substantially influences the IC efficiency of privately owned companies compared to state-owned companies.Moreover,the number of female directors also affects the IC performance of manufacturing companies in multiple regions.Our findings support the validity of group classification identified by Kanter and Critical Mass Theory.To the best of our knowledge,this is one of the few pieces of research that studies the role of female board directors in IC performance and Chinese manufacturing firms using MVAIC as an IC measure.
