Overview: Applies venture capital perspective to analyze Chinese corporate governance.Timely topic, as interest in Chinese business is growing rapidly.Considers implications for foreign, especially American, in.State-controlled listed companies have always dominated Chinese stock markets. As a result of the rampant scandals related to them, there have been voluminous academic efforts to explore their corporate governance, underpinned by agency costs. However, these studies have yet to examine the phenomenon from the perspective of venture capital and adaptive efficiency. .During the last ten y
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