On Corporate Governance Based on Chinese Cultural Cognition
With the help of sociological embedding theory,corporate governance incorporates informal constraints such as cultural cognition and religious customs into its research scope.However,limited by the paradigm of neoclassical economics,research on corporate governance still overlooks the endogeneity of management power and individual characteristics of entrepreneurs,neglecting the interaction between shareholders and entrepreneurs,as well as the subjective initiative of entrepreneurs.Governance practice has proven that the integrated thinking mode of"value evaluation"and"factual cognition"in Chinese cultural cognition can improve governance efficiency and achieve sustainable and healthy development of companies.Due to the limitations of research paradigms and misunderstandings of Chinese culture,the practice of corporate governance in modern China has been neglected,and there is a lack of voice in the theoretical community.The article aims to make theoretical contributions to promoting sustained and harmonious economic growth in China and even globally by delving into Chinese culture and governance experience.
cultural cognitiongovernmentvalue evaluationfactual cognition
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