Corporate Governance of Chinese Multinational Corporations Case
This book is the first to explore the issue of corporate governance in China's new corporations. With rapid development over the last two decades, China has seen compelling achievements in overseas investment. Specifically, an increasing number of Chinese
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Corporate Governance of Chinese Multinational Corporations
Runhui Lin · Jean Jinghan Chen · Li Xie
Corporate Governance of Chinese Multinational Corporations Case Studies
Runhui Lin Business School Nankai University Tianjin, China
Jean Jinghan Chen Faculty of Business Administration University of Macau Macau, China
Li Xie International Business School Xi’an Jiaotong-Liverpool University Suzhou, Jiangsu, China
ISBN 978-981-15-7404-7 ISBN 978-981-15-7405-4 (eBook) https://doi.org/10.1007/978-981-15-7405-4 © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2020 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover credit: © Alex Linch shutterstock.com This Palgrave Macmillan imprint is published by the registered company Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore
Foreword
Multinational corporations (MNEs) have presumably become the significant driving force behind globalization. Through hundreds of years of development, it has experienced the climax of the development of three waves of multinational companies in Europe, America, Japan, South Korea, and China. Especially after the global financial crisis in 2008, Chinese companies have continuously established their footprints and expanded their business scale internationally, which has been gaining worldwide attention. According to the Fortune Global 500 list in 2019, there were 129 Chinese companies on the list, surpassing the United States for the first time. The collective rise of Chinese multinational companies has a significant impact on the development of the world economy and technological progress. With the increase of foreign direct investment of Chinese MNEs, operational risks due to weak corporate governance mecha
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