Editor-in-Chief: Wei Zhang
Editors: Ruoyu LI, Chong Zhang, and Hui Shi
This volume presents the concept of a Human Community with a Shared Future as a new path towards the realization of human rights. This idea tries to encourage all countries and economies to focus on a shared future and common destiny for all humankind as well as to work together to build a Human Community with a Shared Future through interdependence and joint development.
The present volume consists of a collection of texts arising from conferences organized by the China Society for Human Rights Studies. The texts centre on the concept of a Human Community with a Shared Future, reflecting the current reality and extent of human rights thinking with respect to both law and policy in establishment circles in China, and helping to demonstrate the likely direction of official policy in the near future.

This paper empirically studies the relationship between the governance mechanisms and the market valuation of publicly listed firms in China. The authors construct measures for corporate governance mechanisms and measures of market valuation for all publicly listed firms on the two stock markets in China by using data from the firm’s annual reports. They then investigate how the market-valuation variables are affected by the corporate governance variables while controlling for a number of factors commonly considered in market valuation analysis. A corporate governance index is also constructed to summarize the information contained in the corporate governance variables. The index is found to have statistically and economically significant effects on market valuation. The analysis indicates that investors pay a significant premium for well-governed firms in China, benefiting firms that improve their governance mechanisms.

In: Frontiers of Economics in China