Discussion Paper of the Institute for Organisational Economics 2/2015

Corporate Governance, State Ownership and Cross-listing 
Evidence from Chinese A-Share Listed Firms

Hongmei Xu
February 2015



This paper analyses the relationship between corporate governance, state ownership and cross-listing by using data from 2,113 Chinese A-share listed firms during the period 2008 to 2013. Firstly, corporate governance features in state-owned vs. non-state-owned and cross-listed vs. domestically-listed firms are examined. Secondly, this paper investigates whether state ownership and cross-listing affect the sensitivity of the relation between corporate governance and firm value in Chinese listed firms. The effects are rather mixed.