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The influence of western banks on corporate governance in China

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journal contribution
posted on 2012-05-15, 14:22 authored by Jane P. Nolan
This study draws on in-depth qualitative interviews to investigate the variety of institutional forces which influence the adoption of western corporate governance mechanisms in Chinese banks. Following path dependency models of institutional change it was shown that cognitive and normative institutions, including a ‘who you know’ or guanxi credit culture, mean that the practical influence of western banks on corporate governance reforms was perceived to be ineffectual in most cases. Given the failure of western credit-rating systems in the sub-prime crisis, it is likely that this perception will increase in the future. The majority of western actors believed that the main reason Chinese banks seek to co-operate with western institutions was to enhance the legitimacy of the Chinese bank in the global financial environment, rather than to actively change existing governance mechanisms.

History

Citation

Asia Pacific Business Review, 2010, 16 (3), pp. 417-436 (19)

Author affiliation

/Organisation/COLLEGE OF SOCIAL SCIENCE/School of Management

Version

  • AM (Accepted Manuscript)

Published in

Asia Pacific Business Review

Publisher

Routledge

issn

1360-2381

eissn

1743-792X

Copyright date

2010

Available date

2012-05-15

Publisher version

http://www.tandfonline.com/openurl?genre=article&issn=1360-2381&date=2010&volume=16&issue=3&spage=417

Language

en

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