Title

Does one size fit all? A study of the simultaneous relations among ownership, corporate governance mechanisms, and the financial performance of firms in China

Document Type

Book chapter

Source Publication

Corporate Governance: Recent Developments and New Trends

Publication Date

12-19-2012

First Page

29

Last Page

57

Publisher

Springer-Verlag

Abstract

We draw on the many aspects of corporate governance examined in the developed economies and extend them to the Chinese environment. We find evidence of strong linkage and interdependence in the use of different control mechanisms. While there are significant relations between the governance control mechanisms and firm performance, these disappear when using simultaneous equation estimation. Our findings support the argument that governance control mechanisms are substitutes for one another and there is no one set of mechanisms that are optimal in maximizing firms' performances.

DOI

10.1007/978-3-642-31579-4_2

Publisher Statement

Copyright © Springer-Verlag Berlin Heidelberg 2012. All rights are reserved. Access to external full text or publisher's version may require subscription.

Additional Information

ISBN of the source publication: 9783642315787

Full-text Version

Publisher’s Version

Recommended Citation

Firth, M. A., & Rui, O. M. (2012). Does one size fit all? A study of the simultaneous relations among ownership, corporate governance mechanisms, and the financial performance of firms in China. In S. Boubaker, B. D. Nguyen, & D. K. Nguyen (Eds.), Corporate Governance: Recent Developments and New Trends (pp.29-57). Berlin: Springer. doi: 10.1007/978-3-642-31579-4_2

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