Prinsipper for eierstyring og selskapsledelse i kinesiske bedrifter er tema i avhandlingen som Jens Ørding Hansen forsvarer på UiAs Campus Kristiansand onsdag 17. juni.
Artikkelen er mer enn ett år gammel, og kan inneholde utdatert informasjon.
Jens Ørding Hansen disputerer for ph.d.-graden på Handelshøyskolen ved UiAs doktorgradsprogram med spesialisering i International Management.
The economic reforms in China since the 1980s have transformed not only China but also the world economy. The reforms have posed new challenges of unprecedented complexity to managers, directors, investors, regulators, judicial officers, and policymakers both in China and abroad.
The overriding thematic concern of this dissertation is the challenges faced by minority shareholders of Chinese listed companies in safeguarding their investments amid an environment characterized by immature legal institutions and other impediments to the effective protection of minority shareholder rights.
The dissertation comprises four independent essays. The first three focus on companies listed on domestic stock exchanges in China. These essays investigate various conditions and mechanisms that may facilitate or hinder effective protection of minority shareholders in a corporate governance system dominated by powerful, usually state-affiliated controlling shareholders.
I argue that, in a Chinese-style corporate governance regime, the incentives of regulators to curb abuse by controlling shareholders play an important role in determining whether abuse will take place.
My co-authors and I also present empirical results showing, among other things, that the presence of foreign board members or foreign institutional investors in companies is associated with better corporate governance by some measures. However, this is likely due to self-selection of foreign board members and investors into companies that have good governance to begin with. Board diversity - a hot topic in the Western world - does not in general appear to lead to better corporate governance in China.
The fourth essay differs from the others in examining Chinese companies listed in the United States.
In recent years there has been a trend of U.S.-listed Chinese companies voluntarily going private and “coming home”. This appears to be partly due to difficulties faced by good Chinese companies in differentiating themselves from bad ones following a wave of accounting scandals among the latter.
Disappointing valuations give well-governed Chinese companies an incentive to delist. Their voluntary withdrawal from overseas financial markets reflects a paradox of the Chinese reform era: increasing integration with the outside world co-exists with parallel trends of increasing self-sufficiency.
Kandidaten: Jens Ørding Hansen, født 1975 i København. Bachelorgrad i « International Business Administration and Modern Languages” og mastergrad i “Applied Economics and Finance” fra Copenhagen Business School. Han arbeider nå i eget foretak.
Prøveforelesning og disputas finner sted i Auditorium B1-006, Campus Kristiansand.
Dekan Sigbjørn Sødal leder disputasen.
Tid for prøveforelesning: Onsdag 17. juni 2015 kl 10:15
Oppgitt emne for prøveforelesning: “Foreign Influences on Chinese Corporate Governance Regulations and Praxis”
Tid for disputas: Onsdag 17. juni 2015 kl 12:15
Tittel på avhandling: “Corporate Governance and Investor Protection in China”
Søk etter avhandlingen i AURA - Agder University Research Archive, som er et digitalt arkiv for vitenskapelige artikler, avhandlinger og masteroppgaver fra ansatte og studenter ved Universitetet i Agder. AURA blir jevnlig oppdatert.
Annenopponent: Professor Minna Martikainen-Peltola, Hanken School of Economics, Finland
Bedømmelseskomitéen er ledet av professor Lars Oxelheim, Institutt for økonomi, UiA
Veileder i doktorgradsarbeidet var professor Trond Randøy, UiA