Corporate Governance of China's Firms
SASAC, Business Groups and the Party
With Dr Tyler Rooker, University of Nottingham
Room S-1.04, Strand Building, Strand Campus, King's College London
4-6pm, Wednesday 30 September 2015
*** All welcome ***
How are firms in China governed? This question is particularly interesting with respect to state-owned firms which, despite corporatization, listing and the influence of markets, continue to dominate China’s economic, social and environmental worlds. While the post-global financial crisis period has brought a rethinking of the way corporations are governed in the West, China has the advantage of including economic, social and governance concerns in its blurred line between state and corporation. This talk will to explore three aspects of the governance of companies in China: the State-Owned Assets Supervision and Administration Commission that nominally owns state firms, the tangled webs of business groups (jiye jituan) in which firms are enmeshed, and the personnel management of the Communist Party that intertwines party and firm incentives and interests. These three institutions can no longer be considered “emergent” or relics, having been introduced almost two decades ago. Determining their effectiveness and the nature of corporate governance in China requires acknowledgement and analysis of state-firm ties and local embeddedness.
About the speaker
Tyler Rooker is Assistant Professor in Contemporary Chinese Studies, with a specialism in Chinese Business. He also senior fellow at the China Policy Institute and edits CPI’s working paper series. He has recently received a £1.5 million grant for research on sustainable cities in China. In 2012, Tyler became one of the first Westerners to receive a postdoc from Peking University, focusing on science and technology in China. His previous academic work was as a postdoctoral research associate in Shanghai for the University of Oxford COMPAS and Goldsmiths College on the ESRC World Economy and Finance Programme sponsored project "Risk Cultures in China", where he did ethnographic and sociological research on China's securities and real estate markets. He has also conducted research in China on low-carbon technology for NESTA. Tyler graduated from the University of California (2006) with a Ph.D. in anthropology for his dissertation on Zhongguancun, known as the Silicon Valley of China. Tyler's research areas focus on companies and businesses in China, both from an economic and a socio-cultural perspective. He has done professional research on urban culture, migration, science and technology, user-centred design, corporate anthropology, and economic sociology.