Business Commons^™

East Meets West? Determinants Of Chinese Firms' Response To Pressures Towards International Corporate Governance Standards, Zhengjun Wang

LSU Doctoral Dissertations

The diffusion of corporate governance standards globally has received special attention from researchers in an increasingly globalized economy. This topic is particularly significant in emerging economies as they encounter both economic pressures to adopt international governance standards and pressures to conform to local institutional resistance to change in governance. Drawing on multi-theoretical perspectives including agency theory, resource dependence theory and institutional theory, this study examines the role of CEO and board characteristics, ownership structure, prior firm performance, and firm’s selection of accounting standards and auditing firms in determining Chinese publicly listed firms’ responses to pressures to adopt international governance standards. …