Author(s)

Meng Lixin

Corresponding Author

Meng Lixin

ABSTRACT

Good institutional environment and effective corporate governance can improve the competitive advantage of enterprises. The source of sustainable competitive advantage of enterprises should include macro-level institutional competition with government as the main body and micro-level corporate governance competition with enterprises as the main body. How to continue the competitive advantage of enterprises through the arrangement of external system and internal system is the core problem faced by Chinese enterprises under the background of institutional change.

KEYWORDS

Institutional environment, corporate governance, corporate performance, competitive advantage