西方银行公司治理对中国的影响[文献翻译]

《西方银行公司治理对中国的影响[文献翻译]》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、本科毕业论文外文翻译外文题目：TheinfluenceofwesternbanksoncorporategovernanceinChina出处：UniversityofCambridge作者：JaneNolan原文：TheinfluenceofwesternbanksoncorporategovernanceinChinaAbstractThisstudydrawsonin-depthqualitativeinterviewstoinvestigatethevarietyofinstitutionalforceswhichinflue

2、ncetheadoptionofwesterncorporategovernancemechanismsinChinesebanks.Followingpathdependencymodelsofinstitutionalchangeitwasshownthatcognitiveandnormativeinstitutions,includinga‘whoyouknow’orguanxicreditculture,meanthatthepracticalinfluenceofwesternbanksoncorporategoverna

3、ncereformswasperceivedtobeineffectualinmostcases.Giventhefailureofwesterncredit-ratingsystemsinthesub-primecrisis,itislikelythatthisperceptionwillincreaseinthefuture.ThemajorityofwesternactorsbelievedthatthemainreasonChinesebanksseektoco-operatewithwesterninstitutionswa

4、stoenhancethelegitimacyoftheChinesebankintheglobalfinancialenvironment,ratherthantoactivelychangeexistinggovernancemechanisms.Keywords:banking,corporategovernance,institutionalchange,legitimacyseekingIntroductionThedevelopmentofChina’seconomyhas,todate,beendrivenbyitsco

5、nsiderablesupplyofcheaplabouranditsmanyandvariedproductionopportunities.Whetherornotcapitalwasallocatedefficientlyhasbeenoflittleconsequenceand,untilfairlyrecently,thefinancialsectorhasbeencharacterizedbystate-ownedbankslendingtostate-ownedenterprisesonthebasisofsocialp

6、olicyprinciplesratherthanprofitabilityandmanagerialcompetence.YetasChina’seconomyadvancesthedevelopmentofthefinancialsectorissettobecomeevermoreimportant.Bankscannotindefinitelycontinuetomakehugeloanstoinefficiententerpriseswhichwillneverberepaidandmanyfinancialinstitut

7、ionsremaincompromisedbythecorporategovernanceproblemsassociatedwithhavingthestateasbothofficialregulatorandprincipalshareholder(IFC2005,Lietal.2008)Thatsaid,thereformofChina’sbanksisnowwellunderwayandthebasicmethodsemployedforrestructuringhavebeenlargecapitalinjections,

8、thesettingupof‘bad-banks’andassetmanagementcompanies,initialpublicofferings,partnershipswithforeignbanks(witht