Institutional Activism in Corporate Governance: Qualified Foreign Institutional Investors in China

ISBN-13: 9783030195762 / Angielski / Twarda / 2019 / 253 str.

Wenge Wang

Opis

Using both qualitative and quantitative methods, this book examines whether qualified foreign institutional investors (QFIIs), through their shareholder activism, have a meaningful positive impact on the corporate governance of firms listed on the mainland Chinese stock market. Capital flows into and out of China are still subject to tight controls, and the QFII scheme is one important avenue through which QFIIs can become invested in the Chinese stock market.This book is an invaluable resource for anyone interested in learning about ways to invest in one of the world's largest economies. Wang discusses in depth what specific opportunities, challenges and restrictions to expect in the process, and how investing in China differs from investing in countries with a more open capital account.

Spis treści

Part I: Introduction

Chapter 1: Description of the Research

Part II: Capital Globalization and Institutional Activism: Foreign Institutional Investors in Emerging Economies

Chapter 2: Institutional Investment and Integration of Global Capital System

Chapter 3: QFIIs’ Institutional Activism in Emerging Economies

Part III: The Mechanisms of Institutional Activism: The West and China Compared

Chapter 4: The Mechanisms of Institutional Activism in the US and Europe

Chapter 5: The Mechanism of QFIIs’ Institutional Activism in China

Part IV: The Capacity and Motivation for Institutional Activism: QFIIs in China

Chapter 6: QFIIs’ Capacity for Institutional Activism

Chapter 7: The Motivation for QFIIs’ Institutional Activism

Part V: Institutional Activism and Firm Performance: QFIIs in China

Chapter 8: Background, Data and Analytic Strategy

Chapter 9: Hypothesis Test, Analysis and Discussion

Part VI: Conclusion

Chapter 10: Overview and Way Forward

O autorze

Wenge Wang is EU Marie Curie Global Fellow at the University of Sheffield, UK. Before coming to Sheffield, he was a professional of versatility with experiences in business, legal practice and other sectors for more than 20 years in China.