Chinese<i>Guanxi</i>: An Integrative Review and New Directions for Future Research

Chen, Chao C.; Chen, Xiaoping; Huang, Shengsheng

doi:10.1111/more.12010

Cited by 516 publications

(525 citation statements)

References 154 publications

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“…Recently, researchers have become increasingly interested in the relationship between CEOs and directors from a social and psychological perspective (Westphal & Zajac, 2013). In China, the social relationship (generally captured by the term guanxi) is much more complicated and is part of the Chinese culture (Chen, Chen, & Huang, 2013). Independent directors are more likely to be 'friends' of the chairman, owners, and executives.…”

Section: Agenda For Future Researchmentioning

confidence: 99%

Empirical Research on Corporate Governance in China: A Review and New Directions for the Future

2015

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The ownership structure of Chinese firms has experienced significant changes over the last three decades, including the development of a fast growing stock market through which a large number of domestic firms have become publicly traded corporations. These changes have drawn increasing attention from researchers of corporate governance. In this article, we review the empirical research on corporate governance in China, with a focus on the internal and external governance mechanisms that have been investigated and the findings about the effectiveness of these mechanisms. On the basis of our review of 132 studies, we summarize the major findings and discuss the limitation of agency theory in understanding the governance issue in Chinese firms. We offer several ideas (e.g., the importance of the social context, new conceptualization of governance, different outcomes of governance, and data/method issues) for a new agenda to guide future research in the corporate governance of firms operating in the Chinese and other emerging economy contexts.

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Section: Agenda For Future Researchmentioning

confidence: 99%

Empirical Research on Corporate Governance in China: A Review and New Directions for the Future

2015

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“…More recent research in China has produced a promising stream of research focusing on mechanisms of guanxi (Luo, Huang, and Wang, 2012), yin/yang (Fang, 2012) and the teachings of Confucius (Shapiro and Li, 2016), which have aimed to challenge established theories of networks, trust-building and change (Chen, Chen and Huang, 2013;Park and Luo, 2001;Xin and Pearce, 1996). Such paradigms may help counter-act the often criticized imperialist tendencies of Anglo-Saxon management research and education (Amdam, 1996).…”

Section: Building New Theories Based On Alternative Paradigms Of Socialmentioning

confidence: 99%

Africa Business Research as a Laboratory for Theory-Building: Extreme Conditions, New Phenomena, and Alternative Paradigms of Social Relationships

2017

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Abstract:Africa is an increasingly important business context, yet we still know very little about it. We review the challenges and opportunities that firms in Africa face and propose that these can serve as the basis for extending current theories and models of the firm. We do so by challenging some of the implicit assumptions and stereotypes on firms in Africa and proposing three avenues for extending theories. One is taking the extreme conditions of some Africa countries and using them as a laboratory for modifying current theories and models of the firm, as we illustrate in the case of institutional theory and the resource-based view. A second one is identifying new themes that arise from analyzing firms in Africa and their contexts of operation, and we discuss four themes: migrating multinationals and the meaning of home country, diaspora networks within and across countries, a recasting of cultural and institutional distance, and new hybrid organizational forms. A third one is developing new theories based on alternative paradigms of social relationships that have emerged in Africa that differ from those underpinning existing theories of the firm, such as kgotla and its view of community-based relationships or ubuntu and its humanizing view of relationships.

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“…In particular, where rules governing markets are vaguely defined, firms have to rely more intensively on relationships and business networks (Peng & Heath, 1996). Thus, relationship-and network-building are important in CEE countries such as Russia (Batjargal, 2007;Ledeneva, 1998) and Hungary (Danis, Chiaburu, & Lyles, 2010;Steensma, Tihanyi, Lyles, & Dhanaraj, 2005), as well as China (Chen, Chen, & Huang, 2013;Peng & Luo, 2000), India (Chacar & Vissa, 2005), and Africa (Acquaah, 2007). As another example, consider the continued prevalence of state ownership.…”

Section: Defining Emerging Economy Businessmentioning

confidence: 99%

Theoretical Foundations

2015

Engineering Satellite‐Based Navigation and Timing

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ChineseGuanxi: An Integrative Review and New Directions for Future Research

Cited by 516 publications

References 154 publications

Empirical Research on Corporate Governance in China: A Review and New Directions for the Future

Empirical Research on Corporate Governance in China: A Review and New Directions for the Future

Africa Business Research as a Laboratory for Theory-Building: Extreme Conditions, New Phenomena, and Alternative Paradigms of Social Relationships

Theoretical Foundations

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