Business Commons^™

A Cross-Cultural Investigation Of Work Values Among Young Executives In China And The U.S, Yue Pan, Xuebao Song, Ayalla Goldschmidt, Warren French

Yue Pan

Purpose – The purpose of the study is to investigate what values are now important to young American and Chinese managers, since they profile the direction in which their country is headed. It aims to explore if the ethical values of young executives in different countries are converging to a common global business culture. It also aims to argue that the individualism‐collectivism value dimension by itself does not capture the differences between the Chinese and American sample members. The vertical‐horizontal dimension, in contrast, seems to better delineate the value orientations among young executives in the two countries. Design/methodology/approach – In …

A Cross-Cultural Investigation Of Work Values Among Young Executives In China And The U.S, Yue Pan, Xuebao Song, Ayalla Goldschmidt, Warren French

Yue Pan

Purpose – The purpose of the study is to investigate what values are now important to young American and Chinese managers, since they profile the direction in which their country is headed. It aims to explore if the ethical values of young executives in different countries are converging to a common global business culture. It also aims to argue that the individualism‐collectivism value dimension by itself does not capture the differences between the Chinese and American sample members. The vertical‐horizontal dimension, in contrast, seems to better delineate the value orientations among young executives in the two countries. Design/methodology/approach – In …

What Determines Mnc Subsidiary Performance? Evidence From China, Xiaowen Tian, John Slocum

Xiaowen Tian

The paper challenges the view that MNC dictates a subsidiary’s business strategy and operations in accordance with the integration-responsiveness (IR) framework. The paper integrates the IR framework with contingency theory to argue that a subsidiary needs discretion to craft its own effective business strategy in light of the environmental exigencies facing the subsidiary in the host country. It may do so at variance with the MNC’s strategy. Evidence from China supports that subsidiary managers should take strategic initiatives in response to specific host country environment.

The Retention Of Chinese Managers: The Chinese Puzzle Box, Xiaowen Tian, Michael Harvey, John Slocum

Xiaowen Tian

Extract:

Chinese Puzzle Box: a box that can only be opened through some obscure or complicated series of manipulations. Some puzzle boxes may require only a simple squeeze in the right spot, whereas others may require the subtle movement of several small parts, to open the box.

Once entering an emerging market like China, foreign multinational enterprises (hereafter MNEs) are confronted with fierce competition almost in every key functional area, including marketing, production and supply chains, finance, human resources and information technology. Yet there is one area where many Western managers do not anticipate facing keen competition and that …

Air Service Liberalization: China And Its Top Destinations, Tamilla Curtis, John Ledgerwood, Blaise Waguespack

Dr. Tamilla Curtis

Effects Of Cultural Ethnicity, Firm Size, And Firm Age On Senior Executives’ Trust In Their Overseas Business Partners: Evidence From China, Crystal X. Jiang, Roy Y. J. Chua, Masaaki Kotabe, Janet Y. Murray

Roy Chua

We investigate trust relationships between senior business executives and their overseas partners. Drawing on the similarity-attraction paradigm, social categorization theory, and the distinction between cognition- and affect-based trust, we argue that executives trust their overseas partners differently, depending on the partners’ cultural ethnicity. In a field survey of 108 Chinese senior executives, we found that these executives have higher affect-based trust in overseas partners of the same cultural ethnicity as themselves; cognition-based trust is associated with affect-based trust differently when overseas partners are of the same or different cultural ethnicity. We also examine the role of relative firm size and …

Socially Responsible Foreign Direct Investment: A Challenge To Tncs In Emerging Markets, Xiaowen Tian, Moxi Song, Ran Tian

Xiaowen Tian

A widening gap between the rich and the poor is found in most, if not all, emerging market countries that have recently opened up to FDI and is threatening the sustainability of economic progress in these countries. The study finds strong evidence that FDI contributes to the widening gap between rich and poor regions through negative productivity spillovers in the largest emerging market of China, and provides some theoretical explanations. The study discusses implications of the findings for transnational corporations in making socially responsible investment and for emerging market countries in attracting foreign investors to poor regions.

Reconciling Differing Models Of The Business: A Key Step In The Transfer Of Production Technology Into China's Export-Led Economy, David Mcarthur, Ronald Schill

David N McArthur

No abstract provided.

Venture Capital And Executive Incentives In China, Jerry Cao, Qigui Liu, Gary Tian

Qigui Liu

This paper examines the effect that venture capital (VC) has on the pay-performancerelationship in listed Chinese firms. We find that VC has a significantly positive effect onCEO compensation and the pay-performance relationship, such effect particularly stronger infirms needing more managerial efforts and discretions (higher growth opportunity or higherlevels of capital expenditure). In addition, we show that VC-backed firms with moremanagerial discretions are more likely to use stock options. The evidence suggests thatventure capital investors use more sensitive compensation contract for top executives inChinese when the need for managerial discretion is greater. Such compensation schemes byVCs enhance firm performance subsequently.

“Unfree" Labour On The Cattle Stations Of Northern Australia, The Tea Gardens Of Assam, And The Rubber Plantations Of Indo-China, 1920–50, Robert Castle, James Hagan, Andrew Wells

Robert G. Castle

This chapter examines unfree labour in three industries in the nineteenth and early twentieth century. It focuses on the forms and consequences of protest which arose amongst workers in these industries in response to the conditions under which they were employed. The Assamese tea industry, Vietnamese rubber plantations and Northern Australian cattle ranching used differing means of production, technology and investment but all relied on colonial governments to enable them to recruit and retain a 'contracted' labour force. The forms of the labour relationship varied but led to protests which often took on a wider meaning in struggles for liberation.

Fdi Technology Spillovers Within And Across Industries: Evidence From China, Xiaowen Tian, Shuanglin Lin

Xiaowen Tian

Using panel data of 11324 firms in China from 1996 to 1999, the study finds that FDI tends to generate positive technology spillovers to domestic firms within the same industry, but adversely affect productivity of domestic firms in other industries. It is also found that both the positive and the adverse effects are more significant at the local than the national level. Evidence from China thus suggests that FDI technology spillovers are in favor of domestic firms within the same industry rather than domestic firms in other industries, and are most likely to affect domestic firms within the same locality. …

Law For Foreign Business And Investment In China, Vai Lo, Xiaowen Tian

Xiaowen Tian

In trying to establish a presence in China, foreign investors have found it imperative to understand the regulatory environment of this potentially huge market. This book provides an up-to-date overview of the legal framework for doing business in China. It covers such topics as state structure; legislative amendments and enactments on direct foreign investment; the court system; the legal profession; business entities; foreign investment enterprises; contracts; intellectual property; labor and employment; consumer protection; taxation; securities; and dispute resolution.Apart from explaining legal principles, the book highlights liberalisation measures that China has undertaken to fulfil its WTO commitments; elucidates complicated legal concepts …

Property Rights Developments And Productivity Gains In China: A Law And Economics Perspective, Xiaowen Tian, Vai Lo

Xiaowen Tian

Extract:

Property rights developments have been taken as a major reform measure to improve efficiency in transition economies in recent years. The economic rationale was most clearly spelled out by the property rights theory. According to this theory, well-defined property rights can serve as the basis for the proper functioning of markets because they provide incentive; stimulate competition; and engender the efficient use of resources, technology innovation, and output growth in a world of scarcity (Furubotn and Pejovich, 1972). In other words, the more property rights move into private hands, the greater the efficiency gains, and the more rapid is …

Managing International Business In China, Xiaowen Tian

Xiaowen Tian

With the rise of China in the world economy, investors from all over the world are moving to explore business opportunities in this market. Managing international business in a transition economy like China is a daunting challenge. Tian presents a practical guide to major managerial issues faced by foreign investors in the China market including strategic management of Guanxi, entry mode selection, alliance management, negotiation with Chinese partners, human resource management, marketing management, protection of intellectual property rights, and corporate financial management. These issues are analyzed in the light of relevant theoretical models of international business, with reference to current …

Law And Investment In China: The Legal And Business Environments After Wto Accession, Vai Lo, Xiaowen Tian

Xiaowen Tian

The Chinese market is appealing, but the Chinese legal system is very complicated. A basic understanding of Chinese law is absolutely crucial for companies investing in this fast-growing and potentially huge market. Since China is moving toward a socialist market economy and is increasingly integrated into the world market, some aspects of China's commercial law are different from, while others are moving into line with, those of mature market economies.

This book provides an introduction to the Chinese legal system, focusing on laws and regulations on foreign direct investment and highlights recent government policies and measures undertaken to intensify economics …