From Compliance to Value Creation: Strategic Perspectives on Modern Corporate Governance in China

Abstract

This study examines the transformation of corporate governance in leading Chinese technology firms from a compliance-focused model to a value-creation and strategy-oriented approach. It demonstrates that governance in China is shaped by the interaction of the state, market, and institutional context, integrating innovation mechanisms, stakeholder engagement, and long-term strategic alignment. The research employs a descriptive qualitative case study of Alibaba, Tencent, and Huawei, based on secondary data from 2015–2023. Findings indicate that effective governance in this context combines formal compliance with informal institutional factors, including corporate culture and alignment with national priorities. The study contributes theoretically by integrating agency, stakeholder, and institutional perspectives, and offers practical insights for understanding modern governance in technology-driven, state-influenced environments.