Book

Description

About the Book Can corporate governance remain effective across different institutional environments? The Portability of Corporate Governance: Chinese Multinationals Across African Institutional Environments explores this question through an examination of Chinese multinational enterprises operating in Africa. Drawing on governance portability theory, the book challenges the assumption that corporate governance effectiveness depends primarily on host-country institutional quality. It argues that firm-level governance can function as an internally embedded organisational capability, retaining its performance relevance across diverse institutional settings. Using evidence from 400 Chinese listed firms operating across 14 African countries between 2018 and 2023, the book examines the relationship between corporate governance and firm performance. The findings reveal a stable governance-performance association across different institutional environments, ownership structures, industry sectors, and geographic regions. By extending governance portability from country-level institutions to firm-level governance, this book contributes to debates on corporate governance, institutional theory, multinational enterprises, and international business. It will interest researchers, academics, postgraduate students, and policymakers in corporate governance, international business, and African development.