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A Study Between The Overseas Listing And Corporate Governance Of Chinese Enterprises

Posted on:2007-05-11Degree:MasterType:Thesis
Country:ChinaCandidate:X TongFull Text:PDF
GTID:2179360182471630Subject:International Trade
Abstract/Summary:PDF Full Text Request
Under the background of financial globalization and security market internationalization, overseas listing has become an important means for Chinese companies to participate international capital market. Chinese companies' overseas listing has gone through for 12 years, overseas listing not merely filled in the gap of domestic fund supply, but also promoted Chinese enterprises to set up normal operation mechanism under the system of international capital market, and made them perfect their corporate governance at the request of modern enterprise system and move towards standardization and internationalization.This paper tries to prove the relation between overseas listing and corporate governance. Study shows that overseas listing has a positive influence on Chinese enterprises' corporate governance through improving capital structure, improving information disclosure degree, reducing related trade, raising accounting standard, strengthening market supervision and so on.This paper also did practical research on the relationship. The result shows that the price discovery in capital market overseas is superior to inland market and proves that overseas listing can reduce related trade in company. So it indirectly improves that overseas listing can perfect corporate governance of Chinese enterprises. This paper also makes an objective appraisal on overseas listing improving corporate governance through the case analysis from positive and negative sides. Finally, this paper puts forward the suggestion to Chinese enterprises that want to list over-sea.This paper is divided into seven chapters. Chapter 1 includes the purpose and meaning of this paper, document review and study method, etc. Chapter 2 describes the domestic and international background and current situation of Chinese enterprises overseas listing, and explains the necessity and feasibility of overseas listing for Chinese enterprises. Chapter 3 analyses the corporategovernance situation of Chinese listed companies. Chapter 4 analyses theoretically how overseas listing exerts a positive influence in improving corporate governance. Chapter 5 makes a practical research on the relation between overseas listing and corporate governance. Chapter 6 is case analysis and suggestion. Chapter 7 is the summary.
Keywords/Search Tags:overseas listing, corporate governance
PDF Full Text Request
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