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Governance and competitiveness evaluation of China's financial asset management corporations

PloS one, 2023-12, Vol.18 (12), p.e0291695-e0291695 [Peer Reviewed Journal]

Copyright: © 2023 Huang, Su. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. ;COPYRIGHT 2023 Public Library of Science ;2023 Huang, Su 2023 Huang, Su ;ISSN: 1932-6203 ;EISSN: 1932-6203 ;DOI: 10.1371/journal.pone.0291695 ;PMID: 38109383

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  • Title:
    Governance and competitiveness evaluation of China's financial asset management corporations
  • Author: Huang, Guangcan ; Su, Jinqi
  • Pegoraro, Carla
  • Subjects: Antitrust law ; Bad debts ; Biology and Life Sciences ; China ; Commerce ; Computer and Information Sciences ; Corporate bonds ; Corporations ; Economic aspects ; Evaluation ; Financial management ; Financial services industry ; Financial Statements ; Organizations ; People and Places ; Physical Sciences ; Research and Analysis Methods ; Social Sciences ; Sustainable Development
  • Is Part Of: PloS one, 2023-12, Vol.18 (12), p.e0291695-e0291695
  • Description: With the development of non-performing assets market and the requirement of maintaining national financial security and stability, asset management corporations (AMC) have set up in recent years, facing the dilemma of governance reform and competitiveness improvement. This paper puts forward the Governance-Performance-Competitiveness theory of asset management corporations, and constructs the comprehensive competitiveness evaluation index system of based on internal and external governance mechanisms, and studies the factors and degrees of internal and external governance affecting competitiveness by combining principal component analysis method and grey correlation analysis method. The empirical results show that the asset scale and profitability of asset management corporations directly determine their competitiveness level to a large extent, and the correlation between external governance mechanism and competitiveness is stronger than that of internal governance mechanism. Clustering and grouping are conducted based on the size of competitiveness, and China's local asset management corporation system presents a diamond structure. China's local financial asset management corporations should strengthen the top-level design of internal governance, attach importance to external governance, expand and strengthen the asset scale, and carry out full-chains business while implementing a differentiated development model to achieve sustainable development when adhering to the principal business of non-performing assets.
  • Publisher: United States: Public Library of Science
  • Language: English
  • Identifier: ISSN: 1932-6203
    EISSN: 1932-6203
    DOI: 10.1371/journal.pone.0291695
    PMID: 38109383
  • Source: GFMER Free Medical Journals
    MEDLINE
    PubMed Central
    Public Library of Science (PLoS)
    ProQuest Central
    DOAJ Directory of Open Access Journals
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