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Title: The influence of western banks on corporate governance in China
Authors: Nolan, Jane P.
First Published: 22-Jul-2010
Publisher: Routledge
Citation: Asia Pacific Business Review, 2010, 16 (3), pp. 417-436 (19)
Abstract: This study draws on in-depth qualitative interviews to investigate the variety of institutional forces which influence the adoption of western corporate governance mechanisms in Chinese banks. Following path dependency models of institutional change it was shown that cognitive and normative institutions, including a ‘who you know’ or guanxi credit culture, mean that the practical influence of western banks on corporate governance reforms was perceived to be ineffectual in most cases. Given the failure of western credit-rating systems in the sub-prime crisis, it is likely that this perception will increase in the future. The majority of western actors believed that the main reason Chinese banks seek to co-operate with western institutions was to enhance the legitimacy of the Chinese bank in the global financial environment, rather than to actively change existing governance mechanisms.
DOI Link: 10.1080/13602380903315092
ISSN: 1360-2381
eISSN: 1743-792X
Version: Post-print
Status: Peer-reviewed
Type: Journal Article
Rights: © 2010 Taylor & Francis. Deposited with reference to the publisher's archiving policy available on the SHERPA/RoMEO website. This is an electronic version of an article published in Asia Pacific Business Review, 2010, 16 (3), pp. 417-436 (19). Asia Pacific Business Review is available online at:
Appears in Collections:Published Articles, Centre for Labour Market Studies

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