Convergence or Divergence:On the Evolution Tendency of Corporate Governance Models in Globalization

There are lots of arguments for and against the convergence of corporate governance models in globalization. With 6 indexes in analyzing the evolution tendency of 4 typical corporate governance models in the past 20 years, empirical results don't hold with the convergence view. It is implied that globalization will induce different models learning from each other, but not necessarily being convergent. The implication for the transition economy is that we should not imitate one model painstakingly, but should select a specific corporate governance model adaptable with Chinese political, legal, economical, historical and cultural elements.