Corporate governance in China: An institutional logics perspective

There is considerable evidence that the practice of corporate governance within China is different from that within the Anglo-American Business Model (ABM). Dominant Chinese institutions and their inter-institutional relationships undoubtedly influence corporate governance in China. Whilst adopting many ABM corporate governance structures the practices within Chinese publicly listed firms remain somewhat of a mystery. This paper presents the institutional logics perspective (ILP) as a theoretical framework to analyse corporate governance in publicly listed Chinese firms. ILP is then used to analyse the evolution of the dominant institutional logic of corporate control in Chinese firms. The paper shows that an increased emphasis on both the symbols and practices are needed to implement corporate governance as a new institutional logic in China.