This book focuses on issues in modern and corporate governance: ownership structure and the underpricing of initial public offering: ownership structure as a corporate governance mechanism; the determinants of capital structure; and a governance perspective of corporate groups. This book provides a political economy perspective on the governance structures of corporate groups, and argue that the contemporary governance structures are dependent both upon the impacts of the previous centrally-planned economy and the path of transition to the market economy. The book offers original contributions both in its theoretical work on corporate governance, and in the empirical studies of governance for which there has so far been very little published analysis