Principal Constraints and Challenges of Introducing Effective System of Corporate Governance in Emerging China

Sidaq

Principal Constraints and Challenges of Introducing Effective System of Corporate Governance in Emerging China

Sidaq * §

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§ DAV college , Sec 10, Chandigarh, India

Principal Constraints and Challenges of Introducing Effective System of Corporate Governance in Emerging China

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Abstract

In this article, I examine the evolution of corporate governance reforms in the emerging economy of China. I first describe the importance of corporate governance for development and driving forces behind governance reforms in china. After summarizing the evolution of governance reforms in china ,I identify major obstacles that impede their implementation in china namely (A)Highly Concentrated Ownership Structure (B) Lack of Incentives (C) Power of the dominant shareholder (D) Lack of Independence among Directors (E)Underdeveloped external monitoring systems (F) Corruption (G) Frequent Insider Trading (H)Falsification and Fabrication of Financial Data (I) Immature Capital Market (J) Shortage of qualified independent directors (K) Insider Control of Corporate Affairs (L) Weak Supervisory Board (M) Weak Auditing Profession.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Sidaq. 2014. "Principal Constraints and Challenges of Introducing Effective System of Corporate Governance in Emerging China". Global Journal of Management and Business Research - A: Administration & Management GJMBR-A Volume 14 (GJMBR Volume 14 Issue A6).

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GJMBR Volume 14 Issue A6

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

China Corporate Governance Emerging Economies

Classification

GJMBR-A Classification JEL Code: G30

G39

Submission ReceivedDecember 8, 2013
Peer Review Double Blind
Handling Editor
Accepted January 5, 2014
Published January 15, 2014

Version of record

v1.2

Issue date

September 13, 2014

Language

English

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Article Matrices

Total Score: 148

Country: India

Subject: Global Journal of Management and Business Research

Authors: Sidaq (PhD/Dr. count: 0)

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