메뉴 건너뛰기




Volumn 3, Issue 1, 2007, Pages 19-53

Developmental State and Corporate Governance in China

Author keywords

fiscal federalism; KEYWORDS firm performance; market transition; politicized capitalism; soft budget constraint; state firm relations

Indexed keywords


EID: 43349092693     PISSN: 17408776     EISSN: 17408784     Source Type: Journal    
DOI: 10.1111/j.1740-8784.2007.00061.x     Document Type: Article
Times cited : (132)

References (69)
  • 1
    • 0003846902 scopus 로고
    • The modern corporation and private property
    • New York.
    • Berle, A. A. Jr., & Means, G. C. 1932. The modern corporation and private property. Commerce Clearing House, New York.
    • (1932) Commerce Clearing House
    • Berle, A.A.1    Means, G.C.2
  • 2
    • 0035529686 scopus 로고    scopus 로고
    • Communist party membership and regime dynamics in China
    • Bian, Y., Shu, X., & Logan, J. R. 2001. Communist party membership and regime dynamics in China. Social Forces, 79: 805–841.
    • (2001) Social Forces , vol.79 , pp. 805-841
    • Bian, Y.1    Logan, J.R.2    Shu, X.3
  • 5
    • 10344267033 scopus 로고    scopus 로고
    • Political control and performance in China’s listed
    • Chang, E., & Wong, S. 2004. Political control and performance in China’s listed farms. Journal of Comparative Economics, 32(4): 617–606.
    • (2004) farms. Journal of Comparative Economics , vol.32 , Issue.4 , pp. 606-617
    • Chang, E.1    Wong, S.2
  • 6
    • 0039403204 scopus 로고    scopus 로고
    • Insecure property rights and government ownership of firms
    • Che, J., & Qian, Y. 1998. Insecure property rights and government ownership of firms. Quarterly Journal of Economics, 113(2): 467–496.
    • (1998) Quarterly Journal of Economics , vol.113 , Issue.2 , pp. 467-496
    • Che, J.1    Qian, Y.2
  • 7
    • 85023060013 scopus 로고    scopus 로고
    • Restructuring Political Power in China. Alliances and Opposition
    • London.
    • Chen, A. 1999. Restructuring Political Power in China. Alliances and Opposition, 1978–1998. Lynne Rienner Publisher, London.
    • (1999) 1978–1998. Lynne Rienner Publisher
    • Chen, A.1
  • 8
    • 11644299709 scopus 로고
    • Predatory, developmental, and other apparatuses: a comparative political economy perspective on the third world state
    • Evans, P. 1989. Predatory, developmental, and other apparatuses: a comparative political economy perspective on the third world state. Sociological Forum, 4: 561–587
    • (1989) Sociological Forum , vol.4 , pp. 561-587
    • Evans, P.1
  • 11
    • 84993845943 scopus 로고
    • Size and book-to-market factors in earnings and returns
    • Fama, E.F., & French, K. R. 1995. Size and book-to-market factors in earnings and returns. returns. of Finance, 50: 131–155.
    • (1995) returns. of Finance , vol.50 , pp. 131-155
    • French, K.R.1    Fama, E.F.2
  • 15
    • 0001073135 scopus 로고
    • The use of knowledge in society
    • Hayek, F. A. 1945. The use of knowledge in society. American Economic Review, 35(4): 519–530.
    • (1945) American Economic Review , vol.35 , Issue.4 , pp. 519-530
    • Hayek, F.A.1
  • 17
    • 0003923114 scopus 로고
    • MITI and the Japanese Miracle
    • (1982) , vol.56 , pp. 177-207
    • Johnson, C.1
  • 18
    • 18744400219 scopus 로고
    • MITI and the Japanese Miracle
    • Bad loans to good friends: money politics and the developmental state in South Korea International Organization Stanford University Press, Stanford, Calif.
    • Kang, D. C. 2002. Bad loans to good friends: money politics and the developmental state in South Korea. International Organization, 56: 177–207. Johnson, C. 1982. MITI and the Japanese Miracle. The Growth of Industrial Policy, 1925–1975. Stanford University Press, Stanford, Calif.
    • (1982) The Growth of Industrial Policy, 1925–1975 , vol.56 , pp. 177-207
    • Kang, D.C.1
  • 19
    • 0032265369 scopus 로고    scopus 로고
    • Engineering growth: business group structure and firm performance in China’s transition economy
    • Keister, L. 1998. Engineering growth: business group structure and firm performance in China’s transition economy. American Journal of Sociology, 104: 404 -440.
    • (1998) American Journal of Sociology , vol.104 , pp. 404-440
    • Keister, L.1
  • 20
    • 84935225662 scopus 로고
    • Economic planning and the knowledge problem
    • Kirzner, I. M. 1984. Economic planning and the knowledge problem. Cato Journal, 8(2): 407–418.
    • (1984) Cato Journal , vol.8 , Issue.2 , pp. 407-418
    • Kirzner, I.M.1
  • 22
    • 0000071673 scopus 로고
    • The affinity between ownership forms and coordination mechanisms: the common experience of reform in socialist countries
    • Kornai, J. 1990. The affinity between ownership forms and coordination mechanisms: the common experience of reform in socialist countries. Journal of Economic Perspectives, 4(3): 131–147
    • (1990) Journal of Economic Perspectives , vol.4 , Issue.3 , pp. 131-147
    • Kornai, J.1
  • 23
    • 0001374241 scopus 로고    scopus 로고
    • The place of soft budget constraint syndrome in economic theory
    • Kornai, J. 1998. The place of soft budget constraint syndrome in economic theory. Journal of Comparative Economics, 26: 1117.
    • (1998) Journal of Comparative Economics , vol.26 , pp. 1117.
    • Kornai, J.1
  • 24
    • 0034803594 scopus 로고    scopus 로고
    • Hardening the budget constraints: the experience of the post-socialist countries
    • Kornai, J. 2001. Hardening the budget constraints: the experience of the post-socialist countries. European Economic Review, 45: 1573–1599.
    • (2001) European Economic Review , vol.45 , pp. 1573-1599
    • Kornai, J.1
  • 25
    • 0000367973 scopus 로고
    • The political economy of the rent seeking society
    • Krueger, A. O. 1974. The political economy of the rent seeking society. American Economic Review, 64: 291–303.
    • (1974) American Economic Review , vol.64 , pp. 291-303
    • Krueger, A.O.1
  • 26
    • 0034008959 scopus 로고    scopus 로고
    • Commercialization of banks in China: institutional changes and effects on listed enterprises
    • Leung, M.-K., & Mok, W.-K.V. 2000. Commercialization of banks in China: institutional changes and effects on listed enterprises. Journal of Contemporary China, 9: 41–52.
    • (2000) Journal of Contemporary China , vol.9 , pp. 41-52
    • Leung, M.-K.1    Mok, W.-K.V.2
  • 28
    • 0033196177 scopus 로고    scopus 로고
    • Decentralization and coordination: China's credible commitment to preserve the market under authoritarianism
    • Li, S., & Lian, P, 1999. Decentralization and coordination: China's credible commitment to preserve the market under authoritarianism. China Economic Review, 10: 161–190.
    • (1999) China Economic Review , vol.10 , pp. 161-190
    • Li, S.1    Lian, P.2
  • 29
    • 23244435901 scopus 로고    scopus 로고
    • Political turnover and economic performance: The incentive role of personnel control
    • Li, H., & Zhou, L.-A. 2005. Political turnover and economic performance: The incentive role of personnel control in China. Journal of Public Economics, 89: 1743–1762.
    • (2005) China. Journal of Public Economics , vol.89 , pp. 1743-1762
    • Li, H.1    Zhou, L.-A.2
  • 32
    • 21344492346 scopus 로고
    • Managerial autonomy of state-owned enterprises determining factors
    • Lioukas, S., Bourantas, D., & Papadakis, V. 1993. Managerial autonomy of state-owned enterprises determining factors. Organization Science, 4: 645–666.
    • (1993) Organization Science , vol.4 , pp. 645-666
    • Lioukas, S.1    Bourantas, D.2    Papadakis, V.3
  • 33
    • 0001881265 scopus 로고
    • Creating a market economy in Eastern Europe: the case of Poland
    • Lipton, D., & Sachs, J. 1990. Creating a market economy in Eastern Europe: the case of Poland. Brookings Papers on Economic Activity, 1: 75–147.
    • (1990) Brookings Papers on Economic Activity , vol.1 , pp. 75-147
    • Lipton, D.1    Sachs, J.2
  • 34
    • 0042092644 scopus 로고    scopus 로고
    • Industrial policy and resource allocation: implications on China’s participation in globalization
    • Lu, D. 2000. Industrial policy and resource allocation: implications on China’s participation in globalization. China Economic Review, 11: 342–360.
    • (2000) China Economic Review , vol.11 , pp. 342-360
    • Lu, D.1
  • 35
    • 10344229671 scopus 로고    scopus 로고
    • The little red book of business in China
    • McGregor, R. 2001. The little red book of business in China. Financial Times, July 8.
    • (2001) Financial Times , vol.July , pp. 8
    • McGregor, R.1
  • 36
    • 0029538915 scopus 로고
    • Federalism, Chinese Style: the political basis for economic success in China
    • Montinola, G., Yingyi, Q., & Weingast, B. R. 1995. Federalism, Chinese Style: the political basis for economic success in China. World Politics, 48: 50–81.
    • (1995) World Politics , vol.48 , pp. 50-81
    • Montinola, G.1    Yingyi, Q.2    Weingast, B.R.3
  • 38
    • 85192510750 scopus 로고    scopus 로고
    • Organizational dynamics of institutional change: politicized capitalism In China
    • V. Nee & R. Swedberg (Eds.), Princeton University Press, Princeton, N.J.
    • Nee, V. 2005. Organizational dynamics of institutional change: politicized capitalism in China. In V. Nee & R. Swedberg (Eds.), The Economic Sociology of Capitalism: 53–74. Princeton University Press, Princeton, N.J.
    • (2005) The Economic Sociology of Capitalism , pp. 53-74
    • Nee, V.1
  • 39
    • 35348994678 scopus 로고    scopus 로고
    • On politicized capitalism
    • V. Nee & R. Swedberg (Eds.), Stanford University Press, Stanford (forthcoming)
    • Nee, V., & Opper, S. 2007. On politicized capitalism. In V. Nee & R. Swedberg (Eds.), On Capitalism. Stanford University Press, Stanford (forthcoming)
    • (2007) On Capitalism
    • Nee, V.1    Opper, S.2
  • 41
    • 0005671289 scopus 로고    scopus 로고
    • China in the World Economy
    • OECD, Paris.
    • OECD. 2002. China in the World Economy. The Domestic Policy Challenges. OECD, Paris.
    • (2002) The Domestic Policy Challenges
  • 42
    • 0027100807 scopus 로고
    • Fiscal reform and the economic foundations of local corporatism in China
    • Oi, J. 1992. Fiscal reform and the economic foundations of local corporatism in China, World Politics, 45: 99–126.
    • (1992) World Politics , vol.45 , pp. 99-126
    • Oi, J.1
  • 44
    • 0035681663 scopus 로고    scopus 로고
    • Tests of financial intermediation and banking reform in China
    • Park, A., & Sehrt, K. 2001. Tests of financial intermediation and banking reform in China. Journal of Comparative Economics, 29: 608-644.
    • (2001) Journal of Comparative Economics , vol.29 , pp. 608-644
    • Park, A.1    Sehrt, K.2
  • 45
    • 0035285895 scopus 로고    scopus 로고
    • Chinese townships and villages as industrial corporations: ownership, governance and productivity
    • Peng, Y. 2001. Chinese townships and villages as industrial corporations: ownership, governance and productivity. American Journal of Sociology, 106: 1338–1370.
    • (2001) American Journal of Sociology , vol.106 , pp. 1338-1370
    • Peng, Y.1
  • 46
    • 0011019614 scopus 로고    scopus 로고
    • Shareholding structure and corporate performance of partially privatized firms: evidence from listed companies
    • Qi, D., Wu, W., & Hua, Z. 2000. Shareholding structure and corporate performance of partially privatized firms: evidence from listed companies. Pacific-Basin Finance Journal, 8: 587–610.
    • (2000) Pacific-Basin Finance Journal , vol.8 , pp. 587-610
    • Qi, D.1    Wu, W.2    Hua, Z.3
  • 47
    • 0002659992 scopus 로고
    • Reforming corporate governance and finance In China
    • M. Aoki & H.-K. Kim (Eds.), The World Bank, Washington D.C.
    • Qian, Y. 1995. Reforming corporate governance and finance in China. In M. Aoki & H.-K. Kim (Eds.), Corporate Governance in Transition Economies: Insider Control and the Role of Banks: 215–252. The World Bank, Washington D.C.
    • (1995) Corporate Governance in Transition Economies: Insider Control and the Role of Banks , pp. 215-252
    • Qian, Y.1
  • 48
    • 0000861448 scopus 로고    scopus 로고
    • Federalism and the soft budget constraint
    • Qjan Y., & Roland, G. 1998. Federalism and the soft budget constraint. American Economic Review, 88: 1143–1162.
    • (1998) American Economic Review , vol.88 , pp. 1143-1162
    • Qjan, Y.1    Roland, G.2
  • 50
    • 85199049548 scopus 로고
    • The Chinese political system and the political strategy of economic reform
    • K. Lieherthal & D. Lampton (Eds.), Berkeley University Press, Berkeley, Calif
    • Shirk, S. L. 1992. The Chinese political system and the political strategy of economic reform. In K. Lieherthal & D. Lampton (Eds.), Bureaucracy, Politics, and Decision Making in Post-Mao China: 59–91. Berkeley University Press, Berkeley, Calif.
    • (1992) Bureaucracy, Politics, and Decision Making in Post-Mao China , pp. 59-91
    • Shirk, S.L.1
  • 54
    • 0345224387 scopus 로고    scopus 로고
    • Corporate Governance and Enterprise Reform in China
    • World Bank and the International Finance Corporation, Washington, D.C.
    • Tenev, S., & Zhang, C. 2002. Corporate Governance and Enterprise Reform in China. Building the Institutions of Modern Markets. World Bank and the International Finance Corporation, Washington, D.C.
    • (2002) Building the Institutions of Modern Markets
    • Tenev, S.1    Zhang, C.2
  • 55
    • 0000778367 scopus 로고
    • A pure theory of local expenditures
    • Tiebout, C. 1956. A pure theory of local expenditures. Journal of Political Economy, 64: 416–424.
    • (1956) Journal of Political Economy , vol.64 , pp. 416-424
    • Tiebout, C.1
  • 56
    • 0003515053 scopus 로고
    • Princeton University Press, Princeton, N.J.
    • Wade, R. 1990. Governing the Market. Princeton University Press, Princeton, N.J.
    • (1990) Governing the Market
    • Wade, R.1
  • 57
    • 0029472898 scopus 로고
    • Local governments as industrial firms: an organizational analysis of China’ tran-sitional
    • Walder, A. 1995. Local governments as industrial firms: an organizational analysis of China’ tran-sitional American Journal of Sociology, 101(2): 263–301.
    • (1995) American Journal of Sociology , vol.101 , Issue.2 , pp. 263-301
    • Walder, A.1
  • 58
    • 0003953213 scopus 로고
    • University of California Press, Berkeley, Calif
    • Weber, M. [1922] 1978. Economy and Society. University of California Press, Berkeley, Calif.
    • (1922) Economy and Society
    • Weber, M.1
  • 59
    • 0039395559 scopus 로고
    • The economic role of political institutions: market-preserving federalism and economic development
    • Weingast, B. 1995. The economic role of political institutions: market-preserving federalism and economic development. Journal of Law, Economics and Organization, 11: 1–31.
    • (1995) Journal of Law, Economics and Organization , vol.11 , pp. 1-31
    • Weingast, B.1
  • 60
    • 0002117604 scopus 로고
    • Developmental states and markets In East Asia: an introduction
    • G. White (Ed.), Macmillan, Basingstoke
    • White, G., & Wade, R. 1988, Developmental states and markets in East Asia: an introduction. In G. White (Ed.), Developmental state in East Asia: 1–19. Macmillan, Basingstoke.
    • (1988) Developmental state in East Asia , pp. 1-19
    • White, G.1    Wade, R.2
  • 62
    • 84964152198 scopus 로고
    • Fiscal reform and local industrialization: the problematic sequencing of reform in post-Mao China
    • Wong, C. 1992. Fiscal reform and local industrialization: the problematic sequencing of reform in post-Mao China. Modern China, 18: 197-227.
    • (1992) Modern China , vol.18 , pp. 197-227
    • Wong, C.1
  • 63
    • 1842586829 scopus 로고    scopus 로고
    • Shareholding structure, de-politicization and enterprise performance: lessons from China’s listed companies
    • Wong, S., Opper, S., & Hu, R. 2004, Shareholding structure, de-politicization and enterprise performance: lessons from China’s listed companies. Economics of Transition, 12: 29–66.
    • (2004) Economics of Transition , vol.12 , pp. 29-66
    • Wong, S.1    Opper, S.2    Hu, R.3
  • 64
    • 0036891532 scopus 로고    scopus 로고
    • Some unorthodox thoughts on China’s unorthodox financial Sector
    • Woo, W. T. 2002. Some unorthodox thoughts on China’s unorthodox financial Sector. China Economic Review, 13: 388–393.
    • (2002) China Economic Review , vol.13 , pp. 388-393
    • Woo, W.T.1
  • 65
    • 85028237050 scopus 로고    scopus 로고
    • World Development Indicators
    • Washington D.C.
    • World Bank. 2004. World Development Indicators. World Bank, Washington D.C.
    • (2004) World Bank
  • 66
    • 0002880326 scopus 로고    scopus 로고
    • Ownership structure and corporate governance in Chinese stock com-panies
    • Xu, X., & Wang, Y. 1999. Ownership structure and corporate governance in Chinese stock com-panies. China Economics Review, 10: 75–98.
    • (1999) China Economics Review , vol.10 , pp. 75-98
    • Xu, X.1    Wang, Y.2
  • 68
    • 85023025245 scopus 로고    scopus 로고
    • Zhongguo Zhengquan Fagui Zonghui
    • Zhongguo Renmin Daxue Jinrong yu Zhengquan Yanjiusuo (Ed.). 2000. Zhongguo Zhengquan Fagui Zonghui. Zhongguo Caizheng Jingji Chuhanshe Beijing.
    • (2000) Zhongguo Caizheng Jingji Chuhanshe Beijing
  • 69
    • 22844455958 scopus 로고    scopus 로고
    • China’s corporatization drive: an evaluation and policy implications
    • Zhu, T. 1999. China’s corporatization drive: an evaluation and policy implications. Contemporary Economic Policy, 17: 530–539.
    • (1999) Contemporary Economic Policy , vol.17 , pp. 530-539
    • Zhu, T.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.