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1 | (4) |
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4 | (1) |
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2 MNEs and Multinational Corporate Governance |
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5 | (20) |
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2.1 MNE Development and Theoretical Research |
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6 | (5) |
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2.1.1 The Emergence and Development of MNEs |
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6 | (3) |
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2.1.2 Theoretical Research into MNEs |
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9 | (2) |
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2.2 Overview of Corporate Governance Studies |
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11 | (5) |
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2.2.1 Corporate Governance--Theoretical Framework and Essential Issues |
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11 | (4) |
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2.2.2 Traditional Corporate Governance Versus Multinational Corporate Governance |
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15 | (1) |
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2.3 Multinational Corporate Governance--Connotations and Research Progress |
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16 | (6) |
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16 | (1) |
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2.3.2 The Necessity of Multinational Corporate Governance Studies |
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17 | (1) |
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2.3.3 Institutional Factors Affecting Multinational Corporate Governance |
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18 | (1) |
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2.3.4 Main Topics in Multinational Corporate Governance Studies |
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19 | (3) |
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22 | (3) |
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3 Theoretical Framework for Multinational Corporate Governance |
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25 | (20) |
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3.1 Theories Related to the Studies of Multinational Corporate Governance |
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26 | (7) |
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3.1.1 Theories Related to Corporate Governance Studies |
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27 | (3) |
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3.1.2 Theories Related to MNE Studies |
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30 | (3) |
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3.2 Characteristics of Multinational Corporate Governance |
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33 | (3) |
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3.2.1 Network Governance Attributes |
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34 | (1) |
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3.2.2 Extended Agency Chain |
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34 | (1) |
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3.2.3 Expanded Connotations of Internal and External Governance |
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35 | (1) |
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3.2.4 Cultural Dominance in Multinational Corporate Governance |
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35 | (1) |
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3.3 Basic Theories and Framework for Multinational Corporate Governance |
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36 | (7) |
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36 | (2) |
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38 | (1) |
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3.3.3 Institutional Design Theory |
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39 | (1) |
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3.3.4 Decision-Making Theory |
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40 | (1) |
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3.3.5 Network Governance Theory |
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41 | (2) |
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43 | (2) |
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4 Multinational Corporate Governance: A Network Governance Framework |
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45 | (30) |
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4.1 MNE Network Node Governance |
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47 | (10) |
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4.1.1 Parent Company Governance |
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47 | (6) |
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4.1.2 Foreign Subsidiary Governance |
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53 | (4) |
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4.2 MNEs Network Relationship Governance: Parent-Subsidiary Relationship Governance |
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57 | (3) |
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4.2.1 Parent Company Strategy and Parent-Subsidiary Governance |
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57 | (2) |
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4.2.2 Parent Company Control and Subsidiary Ownership Governance |
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59 | (1) |
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4.3 MNEs External Network Governance |
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60 | (6) |
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4.3.1 Host Country Institutional and Cultural Influences on Foreign Subsidiary Governance |
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64 | (1) |
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4.3.2 Influence of Host Country Stakeholders on MNEs |
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65 | (1) |
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4.4 Multinational Corporate Governance: An Integrated Network Governance Framework |
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66 | (1) |
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67 | (8) |
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5 Foreign Subsidiary Governance |
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75 | (18) |
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5.1 Internal Governance of Foreign Subsidiaries of MNEs |
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76 | (6) |
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76 | (2) |
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78 | (3) |
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5.1.3 Senior Management Governance |
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81 | (1) |
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5.2 Parent-Subsidiary Relationship Governance |
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82 | (2) |
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5.2.1 Parent-Subsidiary Relationship Governance of MNEs in Developed Countries |
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82 | (2) |
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5.2.2 Parent-Subsidiary Relationship Governance of MNEs in Emerging Markets |
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84 | (1) |
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5.3 External Governance of Foreign Subsidiaries |
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84 | (3) |
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5.3.1 How Host Country Stakeholders Affect Foreign Subsidiaries |
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85 | (1) |
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5.3.2 How Host Countries' Institutions and Cultures Affect Foreign Subsidiaries |
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85 | (2) |
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87 | (6) |
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6 Institutional Distance, Cultural Distance, and MNEs Governance |
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93 | (24) |
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6.1 Factors Influencing MNEs Governance |
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93 | (4) |
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6.1.1 Influencing Factors of MNEs Governance at the Macro Level |
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94 | (2) |
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6.1.2 Influencing Factors of MNEs Governance at the Meso-Level |
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96 | (1) |
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6.1.3 Influencing Factors of MNEs Governance at the Micro-Level |
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96 | (1) |
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6.2 Institutional Distance and MNEs Governance |
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97 | (9) |
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6.2.1 Institutional Distance and Host Country Selection |
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98 | (3) |
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6.2.2 Institutional Distance and Choice of Entry Mode by Foreign Subsidiaries |
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101 | (3) |
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6.2.3 Institutional Distance and the Legitimacy of Foreign Subsidiaries |
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104 | (2) |
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6.3 Cultural Distance and MNEs Governance |
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106 | (5) |
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6.3.1 Cultural Distance and the Choice of Host Country |
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107 | (1) |
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6.3.2 Cultural Distance and the Choice of Foreign Market Entry Mode |
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108 | (2) |
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6.3.3 Cultural Distance and the Legitimacy of Foreign Subsidiaries |
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110 | (1) |
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111 | (6) |
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7 The Institutional Gap and Chinese MNEs Governance |
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117 | (26) |
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7.1 The Institutional Gap |
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117 | (3) |
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7.1.1 Conceptual Role of the Institutional Gap |
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117 | (1) |
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7.1.2 Connotations of the Institutional Gap |
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118 | (2) |
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7.2 Institutional Gap and MNEs Governance |
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120 | (4) |
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7.2.1 Institutional Deficit and MNEs Governance |
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120 | (2) |
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7.2.2 Institutional Surplus and MNEs Governance |
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122 | (1) |
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7.2.3 Institutional Similarity and MNEs Governance |
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123 | (1) |
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7.3 The Institutional Gap and the Governance of Equity Ownership in Foreign Subsidiaries of Chinese MNEs |
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124 | (8) |
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7.3.1 Formal Institution Deficit and the Governance of Equity Ownership in Foreign Subsidiaries of Chinese MNEs |
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124 | (1) |
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7.3.2 Formal Institutional Surplus and the Governance of Equity Ownership in Foreign Subsidiaries of Chinese MNEs |
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125 | (1) |
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7.3.3 Informal Institutional Differences and the Governance of Equity Ownership in Foreign Subsidiaries of Chinese MNEs |
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126 | (2) |
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7.3.4 Host Country Institutions, the Institutional Gap, and the Governance of Equity Ownership in Foreign Subsidiaries of Chinese MNEs |
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128 | (2) |
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7.3.5 Diversification Strategy, the Institutional Gap, and the Governance of Equity Ownership in Foreign Subsidiaries of Chinese MNEs |
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130 | (2) |
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7.4 The Institutional Gap and Market Performance of Chinese Overseas Listed Companies |
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132 | (5) |
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7.4.1 Political Connections and Enterprise Value on IPO |
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132 | (2) |
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7.4.2 Moderating Effect of the Institutional Environment on the Relationship Between Political Connections and Enterprise Value on IPO |
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134 | (2) |
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7.4.3 Comparing Investors in Foreign and Domestic Markets on Their Sensitivity to the Relationship Between Political Connections and Enterprise Value on IPO |
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136 | (1) |
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137 | (6) |
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8 Governance Structure and Mechanism of Chinese MNEs |
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143 | (16) |
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8.1 Governance Structure of Chinese MNEs |
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143 | (7) |
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8.1.1 Rights and Interests of Controlling Shareholders and Minority Shareholders |
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143 | (2) |
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145 | (1) |
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8.1.3 Managers and Executive Pay |
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146 | (3) |
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149 | (1) |
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8.2 Governance Mechanism of Chinese MNEs |
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150 | (5) |
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8.2.1 Internal Governance Mechanism of Chinese MNEs |
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151 | (1) |
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8.2.2 External Governance Mechanism of Chinese MNEs |
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151 | (4) |
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155 | (4) |
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9 Path and Characteristics of the Multinational Governance of Chinese Enterprises |
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159 | (28) |
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9.1 Process and Theoretical Development of China's Multinational Corporate Governance |
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160 | (15) |
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9.1.1 Process of China's Multinational Corporate Governance |
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160 | (13) |
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9.1.2 Theoretical Development of Multinational Governance |
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173 | (2) |
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9.2 Evolution of China's Multinational Corporate Governance |
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175 | (11) |
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9.2.1 Development of Drivers of International Business |
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175 | (1) |
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9.2.2 Changes in the Host Country Selection |
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176 | (2) |
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9.2.3 Changes in the Entry Modes |
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178 | (3) |
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9.2.4 Change of Parent-Subsidiary Governance Mode |
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181 | (1) |
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9.2.5 Development of Governance Structures |
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182 | (4) |
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186 | (1) |
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187 | |
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10.1 Multinational Corporate Governance Theories: Predecessors and Developments |
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188 | (1) |
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10.2 Network-Based Analytical Framework for Multinational Corporate Governance Studies |
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189 | (1) |
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10.3 Two Key Issues in Multinational Corporate Governance |
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190 | (1) |
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10.4 Experience of and Aspirations for China's Multinational Corporate Governance Practices |
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191 | (1) |
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192 | |