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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-depthqualitativeinterviewstoinvestigatethevarietyofinstitutionalforceswh
2、ichinfluencetheadoptionofwesterncorporategovernancemechanismsinChinesebanks.Followingpathdependencymodelsofinstitutionalchangeitwasshownthatcognitiveandnormativeinstitutions,includinga‘whoyouknow’orguanxicreditculture,meanthatthepracticalinfluenceofwesternbanks
3、oncorporategovernancereformswasperceivedtobeineffectualinmostcases.Giventhefailureofwesterncredit-ratingsystemsinthesub-primecrisis,itislikelythatthisperceptionwillincreaseinthefuture.ThemajorityofwesternactorsbelievedthatthemainreasonChinesebanksseektoco-opera
4、tewithwesterninstitutionswastoenhancethelegitimacyoftheChinesebankintheglobalfinancialenvironment,ratherthantoactivelychangeexistinggovernancemechanisms.Keywords:banking,corporategovernance,institutionalchange,legitimacyseekingIntroductionThedevelopmentofChina’
5、seconomyhas,todate,beendrivenbyitsconsiderablesupplyofcheaplabouranditsmanyandvariedproductionopportunities.Whetherornotcapitalwasallocatedefficientlyhasbeenoflittleconsequenceand,untilfairlyrecently,thefinancialsectorhasbeencharacterizedbystate-ownedbankslendi
6、ngtostate-ownedenterprisesonthebasisofsocialpolicyprinciplesratherthanprofitabilityandmanagerialcompetence.YetasChina’seconomyadvancesthedevelopmentofthefinancialsectorissettobecomeevermoreimportant.Bankscannotindefinitelycontinuetomakehugeloanstoinefficientent
7、erpriseswhichwillneverberepaidandmanyfinancialinstitutionsremaincompromisedbythecorporategovernanceproblemsassociatedwithhavingthestateasbothofficialregulatorandprincipalshareholder(IFC2005,Lietal.2008)Thatsaid,thereformofChina’sbanksisnowwellunderwayandthebasi
8、cmethodsemployedforrestructuringhavebeenlargecapitalinjections,thesettingupof‘bad-banks’andassetmanagementcompanies,initialpublicofferings,partnershipswithforeignbanks(witht