Institutional change and corporate governance diversity in China’s SOEs

This study investigates the impact of different types of state ownership on corporate governance, with particular reference to state-owned enterprises in China. Our finding confirms that Chinese institutional reforms have produced diversified state ownership regimes. We find that different types of government ownership exert different influences on board independence, ownership structure, and executive shareholding. We contribute to corporate governance research by challenging conventional definition of state ownership and propose that corporate governance studies should incorporate changing institutional environments in emerging economies. Publisher Statement: This is an Accepted Manuscript of an article published by Taylor & Francis in Asia Pacific Business Review on 30th November 2017, available online: http://www.tandfonline.com/10.1080/13602381.2017.1407125