Analysis On Path Dependence Of Corporate Governance

As a kind of institutional arrangements, corporate governance has heavy path dependence resource in evolution. Scholars pay more and more attention to combine thought of path dependence with thought of corporate governance, it means the problem of path dependence of corporate governance gets the approbation and values increasingly.Each country with different history has different development experience and background, the emphasis of corporate governance is entirely different. Path dependence of corporate governance makes some countries that used to control concentrated adopt the bank- controlled mode of corporate governance, and make other countries with high dispersion and strong mobility of stock choose the market-controlled mode of corporated governace. This paper tries to create a system analysis frame to study path dependence of corporate governance by the first appearance, increasing income, study effect, network effect, cultural background, small affairs of history, sink-cost and convert-cost, limitation of environment and the interest group etc. We also try to combine path dependence of evolution with corporate govenance of our state-owned enterprises, so as to find out the basic way of thinking of solution of the lock-in problem of corporate governance.