Corporate Governance of CHINA

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    EKDKYADRZ

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    LEJWZ , LINRSBZ ECDRW JOIKE

    JDSXDS EWB ND\BSKEKJB ADGBFZ DL

    JOIKE

    WSEGIWIDKEF ADGBF

    WSEKZIWIDKEF ADGBF ADGBSK JDXDSEWB ADGBF

    XESWZ DL DRS XSBZBKWEWIDK

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    Xbdxfb.z Sbxrcfij dl Joike /XSJ) Jeab ikwd cbikn 5 Djwdcbs&5979 elwbs Joike J^ Ldrkgbs 0 Nsbew AED PBWIKN Ziwrewbg ik Bezw Ezie Adzw Xdxrfdrz jdrkwsy dl wob ~dsfg /5+: Ciffidk) ^dsfgz 3kg fesnbzw jdrkwsy cy FEKG esbe /9+

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    Elwbs ikwsdgrjwidkdlbjdkdaij sbldsaz ik 59>? ^dsfg.z lezwbzw!nsd~ikn bjdkday /dk e|bsenb adsb woek 58+2") ^dsfg.z fesnbzw bxdswbsekg zbjdkg!fesnbzw iaxdswbsdl nddgz

    ^dsfg.z fesnbzw zwekgikn esay /3+:Aiffidk)& ~iwo wob zbjdkg!fesnbzwgblbkzb crgnbw /'539Ciffidkz) Xbsaekbkw abacbsdl wob R+K+ Zbjrsiwy Jdrkjif zikjb 59>5 ~iwo

    CIN LI\B /RZ& JOIKE& RM& SRZZIE& LSEKJB)

    NGX ! '>+: wsiffidk ik 3855

    Xbs jexiwe ikjdab ! '2&75: /98wo) ik 3855 Fesnbzw LGI ik ~dsfg! '552ciffidk ik 3855 :8 aiffidk xsi|ewb crzikbzzbz

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    ^dsfg.z zbjdkg!oinobzw kracbs dl ciffidkeisbz! 3>5 /3858) ' 588C ik|bzwabkw ik zjibkwilij sbzbesjo ekg gb|bfdxabkw ik

    3855 efdkb

    Ik 3889&xsdgrjbg d|bs 58&888 Xo+G+ bknikbbsikn nsegrewbz&ekg 288&888 CZj nsegrewbz& adsb woek eky dwobs jdrkwsy

    ^dsfg.z zbjdkg!fesnbzw xrcfizobs dlzjibkwilij xexbsz elwbs RZE Xsdgrjbg 535&288 ik 3858 efdkb& ikjfrgikn 2&388 ik fbegikn

    ikwbskewidkef zjibkwilij `drskefz+

    Fesnbzw kra dl Jbff!xodkb rzbsz ik Joike /5 ciffidk)

    Efzd ikwbskbw , csdeg cekg rzbsz

    LEJWZ , LINRSBZ ECDRWJOIKE

    http://en.wikipedia.org/wiki/Ph.D.http://en.wikipedia.org/wiki/BSchttp://en.wikipedia.org/wiki/Academic_publishing_in_Chinahttp://en.wikipedia.org/wiki/Scientific_journalhttp://en.wikipedia.org/wiki/Scientific_journalhttp://en.wikipedia.org/wiki/Academic_publishing_in_Chinahttp://en.wikipedia.org/wiki/BSchttp://en.wikipedia.org/wiki/Ph.D.
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    Fiwbsejy sewb 93" /enb ecd|b 52) Rkbaxfdyabkw sewb "

    LEJWZ , LINRSBZ ECDRWJOIKE

    " WDNGX&

    ENSIJ0&

    " WDNGX&

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    ZBS\IJB

    "WD

    NGX&&

    " WDNGX& &8& 8"

    " WDNGX& &8& 8"

    " WDNGX& &8& 8"

    " WDNGX& &8& 8"

    " WDNGX& &8& 8"

    " WDNGX& &8& 8"

    " WDNGX& &8& 8"

    " WDNGX& &8& 8"

    " WDNGX& &8& 8"

    " WDNGX& &8& 8" ENSIJ0

    IKGRZ0ZBS\IJB

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    Wob dl xrzoikn lisaz wddxbsewb bllijibkwfy ekg jsbewb |efrb#&

    gbzinkbg #wd xsb|bkw xdwbkwief bxfdiwewidk

    dl drwzigb ik|bzwdsz& xeswijrfesfyzoesbodfgbsz& cy jdsxdsewb ikzigbsz& zrjo

    ez wob aekenbabkw#+XsdlbzzdsW@ ^dkn /Jiwy Rki|bsziwy dl Odkn Mdkn )

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    Wsegiwidkeffy& wob xsdgrjwidk dl nddgz ekg zbs|ijbz ik Joike oezcbbk jdkgrjwbg cy Zwewb!d~kbg bkwbsxsizbz /ZDBz)

    Wob ZDBoez b|df|bg ik Joike lsda e adgbf ik ~oijo wob Zwewbobfg eff xsdxbswy d~kbszoix ekg aekenbsief sinowz

    ZDBz ~bsb ziaxfy sblbssbg wd ez #lejwdsibz# /Ndknjoekn) Wob wsegiwidkef adgbf dl ZDB nd|bskekjb jdrfg efzd cbsblbssbg wd ez wob Zwewb!d~kbszoix adgbf

    Efzd jeffbg wob Zwewb!d~kbg ekg aekenbg adgbf Zwewb odfgz eff d~kbszoix ekg aekenbsief sinowz rkgbs WA Zwewb d~kbszoix iz zrxbsids wd jdffbjwi|b d~kbszoix , ikgi|igref

    d~kbszoix

    Zwewb iz sbzxdkzicfb lds wob kbbgz ekg ~ekwz dl xrcfijrkgbs woiz adgbf

    Iw ~ez rzbg wd xsdwbjw zdjiefiza ik Joike

    E+ Wsegiwidkef Adgbf/5928z wd 59?7)

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    Wob ZDB bbjrwi|bz ~bsb sburisbg wd lrfliff wob xsdgrjwidk xfekzdl wob nd|bskabkw

    Wob nd|bskekjb zwsrjwrsb dl ZDBz ~ez ek ikwbnsef xesw dl wobnbkbsef nd|bskabkwef lseab~dsm

    ZDB bbjrwi|bz ~bsb exxdikwbg ekg gizaizzbg cy nd|bskabkwenbkjibz Bbjrwi|bz bk`dybg wob zeab xdfiwijef ekg bjdkdaij wsbewabkw

    ez nd|bskabkw dllijiefz gig

    Bbjrwi|bz ~bsb sbzxdkzicfb wd nd|bskabkw enbkjibz+ Bbjrwi|bz ejoib|babkwz ~bsb kdw b|efrewbg cy wob

    bkwbsxsizbz. likekjief xbsldsaekjb

    Baxfdybbz ~bsb fecdsz dl Nd|w0 lds lddg& zobfwbs& abgijewidkbwj

    WSEGIWIDKEF ADGBFZ

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    Gbxsbzzbg nsd~wo dl xsi|ewb zbjwds Gbxsbzzbg bjdkdaij nsd~wo Gbxsi|bg ZDBz dl bjdkdaij ekg fbnef ikgbxbkgbkjb cbjerzb

    ~dsmikn rkgbs ND\W0 dsgbsz

    ZDBz ~bsb ~dsmikn wd abbw dsgbsz dl nd|bskabkw kdw ldsxsdliwz Rkldswrkewbfy& adzw ZDBz ~bsb zwewij ekg rkjdaxbwiwi|b+

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    Wsekziwidkef adgbf dl ZDB nd|bskekjb iz efzd sblbssbg wd ez wobZwewb!jsbgiwds.z sinowz adgbf ds wob jdkwsejwikn adgbf

    Sbldsaz wd bkjdrsenb ZDBz wd bxekg xsdgrjwidk ekg beskxsdliwz

    Wob ndef dl wob sbldsa ~ez wd aemb ZDBz sbzxdkzicfb lds wobisd~k neikz ekg fdzzbz ik wob aesmbw ZDBz zodrfg cbjdab fbnef xbszdkz woew bk`dy lrff

    aekenbabkw erwodsiwy ekg lrff sbzxdkzicifiwy lds wobisd~k xsdliwzekg fdzzbz

    Zbxesewidk cbw~bbk wob Zwewb d~kbszoix ekg wob ZDBaekenbabkw sinowz Wob xsdxbswy dl wob bkwbsxsizb zoeff cb d~kbg cy wob ~odfb

    xbdxfb /buri|efbkw wd wob kdwewidk dl #Zwewb#)

    C+ Wsekziwidkef Adgbf/59?7 wd 599:)

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    Ikgrzwsief Bkwbsxsizbz Fe~ dl Joike ~ez egdxwbg ik59??/Urekaik Zrdydr Poindknb Uiyb Le)/ZDBz Fe~)

    Wosbb zifbkw lbewrsbz dl FE^ Liszw& wob lejwdsy gisbjwds /aekenbs) ezzrabz d|bseff

    sbzxdkzicifiwy lds aekenbabkw dl wob bkwbsxsizb Zbjdkg& wob Fe~ xsd|igbz woew wob fdjef dsnekipewidk dl wob

    Joikbzb Jdaarkizw Xeswy nresekwbbz ekg zrxbs|izbz wobiaxfbabkwewidk dl wob Xeswy.z ekg Zwewbz nrigikn xsikjixfbz ekg

    xdfijibz

    Woisg& wob bkwbsxsizb iz effd~bg& wosdrno wob baxfdybbz.jdknsbzz ekg dwobs ldsaz& wd xsejwijb gbadjsewij aekenbabkw

    WSEKZIWIDKEF ADGBF

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    Nd|w0 iz xsikjixfb ds nd|bsk cdgy ~oifb Bbjrwi|b ez ek enbkw Wsegb rkidkz esb xbsaiwwbg wd sbxsbzbkw ekg zelbnresg wob

    baxfdybbz ikwbsbzwz

    Baxfdybbz aey dsnekipb ekg xeswijixewb ik gbadjsewijaekenbabkw ekg zrxbs|izidk

    W~d xeswibz wd wob jdkwsejw esb wob nd|bskabkw enbkjy ekg wobZDBz JBD+

    Wob JBDz dl ZDBz esb zbfbjwbg wosdrno e jdaxbwiwi|b xsdjbzzcy Nd|w0

    JBD oe|b wd xey e libg xdswidk dl eadrkw /fiecfb) ekg ezaeff xdswidk dl xsdliw wd Nd|bskabkw ez ~bff

    Libg eadrkw zwiff il kdw xsdliwz beskbg cy JBD Sbaeikikn xsdliwz jek cb rzbg cy JBD lsbbfy

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    Gillijrfw wd igbkwily e sbezdkecfb aikiara eadrkw dl xsdliw ldswob ZDBz wd xey wd wob Zwewb

    Woby ~bsb rkecfb wd xey wob libg eadrkwz sburisbg wd wobZwewb ~obk woby zrzweikbg fdzzbz

    Woisg& wobsb ~ez e leis eadrkw dl bxfdiwewidk dl wob ezzbwz dlZDBz lds xbszdkef rzb Likeffy& wdd fiwwfb ZDB xsdliwz ~bsb sbweikbg lds gb|bfdxabkw

    xrsxdzbz& fbe|ikn ikzrllijibkw sbzdrsjbz lds lrwrsb bxekzidk

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    Aeik ndef dl ZDB sbldsa ~ez wd #zbw rx ]e adgbsk jdsxdsewbzyzwbaQ ik wob ae`dsiwy dl cejmcdkb fesnb ekg abgira!zipbgZDBz

    Wob jdsxdsewidkz ik Joike woew ~bsb sbzwsrjwrsbg lsda wsegiwidkefZDBz esb sblbssbg wd ez ZDB jdsxdsewipbg jdsxdsewidkz

    Kd~ ZDB!jdsxdsewipbg jdsxdsewidkz ikjfrgbz adsb ~bff!gblikbgzoesbodfgbs sinowz woek iwz wsegiwidkef jdrkwbsxesw ekg xsdadwbzikjsbezbg bllijibkjy ekg ejjdrkwecifiwy

    Wob Jdsxdsewb Fe~ dl 599: ekg Zbjrsiwibz Fe~ dl 599?& jeabikwd cbikn

    Xsd|igbz zdfig fbnef ldrkgewidkz lds wob wsekzldsaewidk dl ZDBzikwd gillbsbkw crzikbzz jdsxdsewidkz& ikjfrgikn

    ^odffy Zwewb!d~kbg jdsxdsewidkz

    Jfdzbfy obfg jdsxdsewidkz

    Xrcfijfy obfg jdsxdsewidkz

    ADGBSK JDSXDSEWB ADGBF/599: !XSBZBKW)

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    Cezbg dk wob gewe lsda wob JZSJ& wsegecfb zoesbz dk e|bsenbejjdrkwbg lds :: xbsjbkw dl wdwef zoesbz ik 3888

    Jdaxekibz woew oe|b izzrbg O zoesbz dsC zoesbz esb zrc`bjwwd zwsijwbs fbnef srfbz+

    Od~b|bs& ek ejwi|b jdsxdsewb jdkwsdf aesmbw gdbz kdw bizwik Joike Adsb woek dkb!woisg dl wob JBDz esb efzd wob joeisabk dl wob

    cdesg dl gisbjwdsz

    Efadzw 28 xbsjbkw dl wob gisbjwdsz esb exxdikwbg cy zwewb!jdkwsdffikn d~kbsz& ekg ekdwobs:8 xbsjbkw esb ellifiewbg ~iwo|esidrz feybsz dl nd|bskabkwef enbkjibz

    : Wyxbz dl Zoesbz0 zwewb zoesbz& fbnef xbszdk zoesbz ekgxrcfij zoesbz

    Dkfy wob zoesbz obfg cy wob xrcfij esb wsegecfb

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    Jdsxdsewb Fe~ , Zbjrsiwibz Fe~ & e jdsxdsewidkzAbadsekgra dl Ezzdjiewidkz /Ndknzi Poeknjobkn)xfeyzek ejwi|b sdfb ik gbzinkikn wobjdsxdsewidk.z nd|bskekjbzwsrjwrsb

    Jdsxdsewb Fe~ sburisbz jdsxdsewidkz wd ldsa wosbbzwewrwdsy ekg ikgizxbkzecfb jdsxdsewb nd|bskikn cdgibz5+ WOB ZOESBODFGBSZ& ejwikn ez e cdgy ew wob nbkbsef

    abbwikn

    3+ WOB CDESG DL GISBJWDSZ

    :+ WOB CDESG DL ZRXBS\IZDSZ7+ WOB JOEIS DL CDG2+ WOB JBD Fezw 3 ~bsb eggbg fewbs dk

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    Joike Zbjrsiwibz Sbnrfewdsy Jdaaizzidk #JZSJ Zobknie Zwdjm Bjoeknb Zobkpbk Zwdjm Bjoeknb Jdsxdsewb Fe~ /599:) Zbjrsiwibz Fe~ /599?)

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    ESIL , PELES

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    Ik Joike wdgey& wob adzw iaxdswekw fbnef zdrsjbz dljdsxdsewb nd|bskekjb srfbz esb wob fe~z xezzbg cy wob

    Kewidkef Xbdxfb.z Jdknsbzz /KXJ) ekg iwz Zwekgikn

    Jdaaiwwbb+

    Wobzb fe~z ikjfrgbd wob Jdsxdsewb Fe~ dl 599: /Jdsxdsewb Fe~)

    d ekg wob Zbjrsiwibz Fe~ dl 599? /Zbjrsiwibz Fe~)+

    Jdsxdsewidkz Abadsekgra dl Ezzdjiewidkz /NdknziPoeknjobkn) xfeyz ek ejwi|b sdfb ik gbzinkikn wobjdsxdsewidk.z nd|bskekjb zwsrjwrsb+

    Wob Joikbzb Abadsekgra dl Ezzdjiewidkz iz jdaxesecfb wd egdjrabkw woew ~drfg jdacikb cdwo wob eswijfbz dl ikjdsxdsewidk

    ekg wob cyfe~z dl ek Eabsijek jdsxdsewidk+

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    Wob Jdsxdsewb Fe~ sburisbz jdsxdsewidkz wd ldsa wosbbzwewrwdsy ekg ikgizxbkzecfb jdsxdsewb nd|bskikn cdgibz0

    /5) wob zoesbodfgbsz& ejwikn ez e cdgy ew wob nbkbsef abbwikn=/3) wob cdesg dl gisbjwdsz= ekg /:) wob cdesg dl zrxbs|izdsz+ Ikeggiwidk& wob Jdsxdsewb Fe~ ikwsdgrjbg w~d kb~ zwewrwdsyjdsxdsewb xdziwidkz0 wob Joeis dl wob cdesg dl gisbjwdsz /Joeis)

    ekg wob JBD

    Joikbzb zyzwbaz dl jdsxdsewb nd|bskekjb+d Wobsb iz kd oibsesjoijef sbfewidkzoix cbw~bbk wob cdesg

    dl gisbjwdsz ekg wob cdesg dl zrxbs|izdsz& ekg cdwogisbjwdsz ekg zrxbs|izdsz esb exxdikwbg cy& ekg aey cbgizaizzbg cy& zoesbodfgbs ejwidkz+

    Jdkwi++ FE^Z

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    Joikbzb jdsxdsewb fe~ sbjdnkipbz dkfy w~d wyxbz dljdsxdsewidkz

    Bejo oe|b d~k ekg zbxesewb zbw!rx dlNd|bskekjbz

    5+JFDZBFY OBFG JDSXDSEWIDKZd /Ydriek Pbsbk Ndknzi)

    3+ XRCFIJEFY OBFG JDSXDSEWIDKZd /Nrlbk Ydriek Ndknzi)

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    Jdsxdsewidk ~iwo #lb~ zoesbodfgbsz# ekg dl#zaeffjexiwef zipb# iz kdw sburisbg wd zbw rx e cdesg dlgisbjwdsz& crw sewobs iz dkfy sburisbg wd oe|b e ziknfbbbjrwi|b gisbjwds ~od aey zbs|b jdkjrssbkwfy ez wob

    aekenbs+ Ik eggiwidk& woiz wyxb dl jdsxdsewidk gdbz kdwkbbg ek bkwisb cdesg dl zrxbs|izdsz&

    Il e zoesbodfgbs ~izobz wd ezzink oiz jexiwefjdkwsicrwidk wd kdk!zoesbodfgbsz& od~b|bs& wob

    jdkzbkw dl nsbewbswoek 28" dl wob wdwef kracbs dlzoesbodfgbsz iz sburisbg+

    Wob Jdsxdsewb Fe~ oez gillbsbkw srfbz lds jfdzbfy obfgjdsxdsewidkz woew esb ^odffy d~kbg cy wob Zwewb ekg

    lds wodzb woew ikjfrgb e Ldsbink ik|bzwds+

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    E ~odffy Zwewb!d~kbg jdsxdsewidk iz gblikbg ez #efiaiwbg fiecifiwy jdsxdsewidk ik|bzwbg ekg bzwecfizobgzdfbfy cy wob Zwewb!erwodsipbg ik|bzwabkw ikzwiwrwidkzds nd|bskabkw enbkjibz

    Wob Jdsxdsewb Fe~ ez dsinikeffy bkejwbg dkfysburisbg w~d jdsxdsewb cdgibz ik ~odffy Zwewb!d~kbgjdsxdsewidkz0 wob cdesg dl gisbjwdsz ekg wob JBD+

    Cbjerzb wobsb esb kd nbkbsef abbwiknz dlzoesbodfgbsz ekg kd cdesgz dl zrxbs|izdsz ik zwewb!d~kbg jdsxdsewidkz+

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    Ekdwobs zxbjief xsd|izidk exxfijecfb wd jfdzbfy obfgjdsxdsewidkz jdkjbskz wodzb woew esb ldsbink!ik|bzwbg+

    Ik Joike& wobsb esb wosbb wyxbz dl ldsbink!ik|bzwbgjdsxdsewidkz0

    ^odffy ldsbink!ik|bzwbg bkwbsxsizbz+ Joikbzb!ldsbink buriwy `dikw |bkwrsbz+

    Joikbzb!ldsbink jdkwsejwref `dikw |bkwrsbz+

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    E xrcfijfy obfg jdsxdsewidk iz efzd jeffbg e `dikw zwdjmfiaiwbg jdaxeky /Nrlbk Ydriek Ndknzi)+

    Wob JdsxdsewbFe~ gblikbz e xrcfijfy obfg jdsxdsewidkez e jdsxdsewidk ik ~oijo wob #wdwef jexiwef zoeff cbgi|igbg ikwd buref zoesbz

    Zoesbodfgbsz zoeff ezzrab fiecifiwy wd~esgz wobjdaxeky wd wob bwbkw dl wobis sbzxbjwi|bzoesbodfgiknz& ekg wob jdsxdsewidk zoeff cb fiecfb lds

    iwz gbcwz wd wob bwbkw dl eff iwz ezzbwz+ Xrcfijfy obfg jdsxdsewidkz jek cb jewbndsipbg ikwd

    d fizwbg jdsxdsewidkz ekg kdk!fizwbg jdsxdsewidkz

    Xrcfijfy obfg jdsxdsewidkz esb nd|bskbg cy cdwowob Jdsxdsewb Fe~ ekg wob Zbjrsiwibz Fe~+

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    URBZWIDKZ4

    WOEKMZ