This article outlines some of the major challenges facing Chinese township-village enterprises (TVEs) since the 1990s. The authors argue that the internal mechanisms associated with the unique ownership structure of TVEs has allowed them to perform better than state-owned enterpises (SOEs)....

This study investigates how CEO power is associated with stock price crash risk. We further examine the moderating roles of female directors’ critical mass and ownership structure on the relationship between CEO power and stock price crash risk. Employing one of the largest datasets to-date of...

Prior research has examined target setting in market-driven companies but has not examined target setting in state-run companies that also have social and political objectives. I examine how Chinese state-owned enterprises (SOEs) set and revise performance targets to motivate a balanced effort...