Overseas listing, voluntary corporate governance and performance

This paper analyzes the evolution of Sinopec’s corporate governance system and performance in the domestic capital market after its overseas listing. Results show that Sinopec’s governance system successfully evolves from a mandatory type to a voluntary type as a result of conformation to legal regu...

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Bibliographic Details
Published inFrontiers of business research in China Vol. 2; no. 3; pp. 440 - 457
Main Authors Lianfu, MA, Deqiu, CHEN, Li, GAO
Format Journal Article
LanguageEnglish
Published Netherlands Brill 2008
Subjects
corporate performance
institution evolution
investor relations management
overseas listing
voluntary governance
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Summary:This paper analyzes the evolution of Sinopec’s corporate governance system and performance in the domestic capital market after its overseas listing. Results show that Sinopec’s governance system successfully evolves from a mandatory type to a voluntary type as a result of conformation to legal regulatory systems in the overseas market as exogenous forces and company voluntary decision-makings as endogenous forces. Sinopec takes the initiative to carry out corporate governance innovation, which has significantly improved its performance in the domestic capital market.
Bibliography:istex:FD28E5593CF13D34B7AA3E6DE371802C094EE880
ark:/67375/JKT-NCRJZBDQ-1
href:16737431_002_03_S08_text.pdf
ISSN:1673-7326
1673-7431
DOI:10.1007/s11782-008-0026-3