English, Article, Journal or magazine article edition: Institutional Environment, Community Government, and Corporate Governance: Understanding China's Township-Village Enterprises Jiahua Che; Yingyi Qian

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Bookmark: http://trove.nla.gov.au/version/142861
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Institutional Environment, Community Government, and Corporate Governance: Understanding China's Township-Village Enterprises
Author
  • Jiahua Che
  • Yingyi Qian
Physical Description
  • preprint
Notes
  • institutions, corporate governance, community, township-village enterprises, China
  • RePEc:wdi:papers:1998-59
  • Journal of Law, Economics, and Organization, April 1998. We study China's township-village enterprises (TVEs) from an organizational perspective with a focus on governance. Unlike most previous studies, we interpret the firm boundaries of TVEs at the community level rather than the enterprise level. From this perspective, we analyze the central role that community governments play in TVE governance as an organizational response to the imperfect institutional environment of both state and market. Specifically, we show that the community government's involvement in TVEs helps overcome the problems of state predation and under-financing of private enterprises. We also explain why TVE governance leads to harder budget constraints than state-owned enterprises.
  • RePEc:wop:stanec:97043
Language
  • English
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