Description
Focusing on the corporate governance of listed companies in China, this book firstly tests the influence of cumulative voting system introduced by Chinese regulators on corporate governance at enterprise level. Secondly, it discusses whether cumulative voting can have a significant impact on corporate performance and corporate policies. Finally, it investigates whether investors from different institutional backgrounds and legal frameworks pay attention to the quality of corporate governance with significant differences. Very few studies analyse the effects of cumulative voting on corporate policy and firm performance, and whether CV has enhanced the representation of minority shareholders in the board room. This study addresses such issues based on the CV reform experience in China, which was implemented in ad large scale and provides a good setting for examining the effects of CV adoption.
