Corporate Governance and the Challenges of Economic Transition: The Case of Shanghai Petrochemical Company
AbstractA case study of Shanghai Petrochemical Company (SPC) is used to analyse how economic reforms in China have impacted on corporate governance and enterprise performance. Reforms have increased the level of competition and altered the corporate structure of large state enterprises such as SPC. The case examines how SPC had responded to the opportunities and challenges created by the reform process. The case study indicates that despite changes in corporate structure, property rights remained unclear, resulting in a weakened corporate governance structure. Enterprise management had responded in an innovative way to the challenges of more competitive product markets. Improvements in areas such as efficiency, sales and management profile were largely a result of market-oriented reforms. However, weak property rights and a failure to integrate ownership and market reforms more effectively, had lessened the ability of SPC's management to fully exploit new business opportunities. Improvements in efficiency and sales had yet to be reflected in financial returns. This research case therefore indicates that a more integrated approach to enterprise reform is necessary for enterprises to benefit fully from economic liberalisation.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by World Scientific Publishing Co. Pte. Ltd. in its journal Asian Case Research Journal.
Volume (Year): 09 (2005)
Issue (Month): 01 ()
Contact details of provider:
Web page: http://www.worldscinet.com/acrj/acrj.shtml
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Tai Tone Lim).
If references are entirely missing, you can add them using this form.