...
  • 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>Corporate Governance >Does regulation matter? Changes in corporate governance in China and its impact on financial market growth: an empirical analysis (1995-2014)
【24h】

Does regulation matter? Changes in corporate governance in China and its impact on financial market growth: an empirical analysis (1995-2014)

机译：法规重要吗？中国公司治理的变化及其对金融市场增长的影响：一项实证分析（1995-2014）

获取原文
获取原文并翻译 | 示例
   

获取外文期刊封面封底 >>

       
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

Purpose - Over the past two decades, China's stock market has experienced rapid growth. This period has seen the transplantation of many "OECD principles of corporate governance" into the Chinese corporate regulatory framework. These regulations are dominated by shareholder values. This paper aims to discover whether there is a causal relationship between the changes in China's corporate governance and financial market growth. Design/methodology/approach - This paper uses data from 1995-2014 to create a robust corporate index by looking at 52 variables and a financial index out of five financial market parameters. Subsequently, data are subject to a panel regression analysis, with the financial market index as the outcome variable, corporate governance index explanatory variable and a variety of economics, social and technological control variables. Findings - This paper concludes that changes in corporate regulation have in fact had no statistically significant impact on China's financial market growth, which must therefore be attributed to other factors. Originality/value - The study is the first in the context of Chinese corporate governance impact studies to use Bayesian methodology to analyse a panel dataset. It uses OECD principles as the anchor to provide a clear picture of evolution of corporate governance for a 20-year period which is also longer than previous studies.
机译：目的-在过去的二十年中，中国股市经历了快速的增长。在这一时期，许多“经合组织公司治理原则”已移植到中国公司监管框架中。这些法规以股东价值为主导。本文旨在发现中国公司治理的变化与金融市场增长之间是否存在因果关系。设计/方法/方法-本文使用1995年至2014年的数据，通过查看52个变量和五个金融市场参数中的一个金融指标，来创建强大的公司指数。随后，对数据进行面板回归分析，将金融市场指数作为结果变量，公司治理指数解释性变量以及各种经济学，社会和技术控制变量。调查结果-本文得出的结论是，公司监管的变化实际上对中国金融市场的增长没有统计学上的显着影响，因此，这必须归因于其他因素。原创性/价值-该研究是中国公司治理影响研究中的第一项使用贝叶斯方法分析面板数据集的研究。它以经合组织的原则为锚点，以清晰地描绘公司治理在20年内的发展过程，并且比以前的研究还更长。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号