Case Questions for Written Response

Week 12: PetroChina: International Corporate Governance with Chinese Characteristics

1. Why does corporate governance matter in China’s capital markets? 

 

2. What special problems does PetroChina’s corporate governance structure have? 

 

3. What conditions are needed for further reforms in PetroChina’s corporate governance? 

 

4. How could minority shareholders be harmed given PetroChina’s current corporate governance structure? 

下载资料PetroChina.pdf

 

 

  Readings (Posted in Week 13 module)

 

 

Khanna, Tarun and Krishna G. Palepu, Spotting Institutional Voids in Emerging Markets, August 24, 2005, Harvard Business School Publishing, Item #9-106-014 (Purchase from Harvard)

 

Nandini Rajagopalan and Yan Zhang, Corporate governance reforms in China and India: Challenges and opportunities, Business Horizons (2008) (CorpGovChinaIndia.pdf)

 

Coombes, Paul; and Mark Watson, Corporate reform in the developing world, McKinsey Quarterly , 2001 Issue 4, 89-92. 

(McKinseyCorpReformEmergingMarkets.pdf) 

 

 

 

  Supplemental readings (not required - read if you have an interest in this area)

 

 

Lin, Cyril, Private Vices in Public Places: Challenges in Corporate Governance Development in China, OECD, April 2001, (ChallengeChinaCorpGov.pdf) 

 

Huchet , Jean-Francois and Xavier Richet, China in Search of an Efficient Corporate Governance System. International Comparisons and Lessons, Center for Economic Reform and Transformation Discussion Paper 99/01, February 1999

(ChinaSearchEfficientCorpGov.pdf)  

Readings on governance in developing and emerging economies

Zhuang, Edwards & Capulong, eds., Corporate Governance and Finance in East Asia: Indonesia, Korea, Malaysia, Philippines, and Thailand, Volume Two, Asian Development Bank, 2001. (CorpGovEastAsiaVol2.pdf) 

 

Okeahalam, Charles & Oludele Akinboade, A Review of Corporate Governance in Africa: Literature, Issues and Challenges, Global Corporate Governance Forum, June 2003. (AfricaCorpGov.pdf) 

 

Licht, Amir N., Goldschmidt, Chanan and Schwartz, Shalom H., Culture, Law, and Finance: Cultural Dimensions of Corporate Governance Laws. 

    http://ssrn.com/abstract=277613 (CultureCorpGovLaws.pdf) 

 

World Bank Discussion: How is corporate governance relevant to low-income countries?

    http://rru.worldbank.org/Discussions/Discussion.aspx?id=44