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1.
Impact of state ownership and control mechanisms on the performance of group affiliated companies in China 总被引:10,自引:8,他引:2
This paper examines the moderating impact of state ownership and group control mechanisms on the relationship between diversification
and performance of companies affiliated with large business groups in China. We find that the state ownership has enhanced
the performance of group affiliated companies when they adopted higher degrees of diversification. We also find that cash
flow rights have a positive impact on the performance of companies with lower degrees of diversification while in general
group control rights have a negative impact on the performance. These results suggest that a group’s control mechanisms, derived
from pyramid ownership structures, enable the dominant owners to expropriate the value from minority shareholders or tunnel
corporate resources for their own interest.
相似文献
Jun YaoEmail: |
2.
Managerial ties, control and deregulation: An investigation of business groups entering the deregulated banking industry in Taiwan 总被引:9,自引:7,他引:2
Hsi-Mei Chung 《Asia Pacific Journal of Management》2006,23(4):505-520
This study investigates the determinants of business groups’ entry to the deregulated banking industry in Taiwan, from the
perspectives of social capital and agency theory. The principal objective of deregulation is to increase the efficiency of
resource utilization by introducing competition. However, the opportunities inherent in deregulation may induce a battle of
strengths among interested business groups. Based on secondary data analysis, this study reveals that the managerial ties
possessed by key individuals in a business group, and the degree of overlapping investment between the owner-managers, influences
the likelihood of whether or not a business group will decide to enter the deregulated banking industry. The results of this
study provide a valuable starting point from which to discuss the influence of internal and external personal networks on
business strategy during a time of deregulation.
相似文献
Hsi-Mei ChungEmail: |
3.
Creating relational rents: The effect of business groups on affiliated firms’ performance in Indonesia 总被引:2,自引:2,他引:0
Tirta Nugraha Mursitama 《Asia Pacific Journal of Management》2006,23(4):537-557
This research attempts to extend the discussion of business groups in emerging economies by treating business groups as a
form of interorganizational network that generates relational rents among affiliated firms by creating technological and managerial capabilities. Based on the relational view, this research
investigates whether value created by business groups depends upon sharing, combining, and exchanging unique and specific
resources or assets among affiliated firms. Results show that technological capabilities contribute to create relational rents
in terms of affiliated firms’ investment in R&D and human capital. Managerial capabilities also contributed to generating
relational rents through investment in managerial knowledge acquisition for affiliated firms without R&D units and in training
for affiliated firms with R&D units. However, learning by exporting and learning from imported input do not yield relational
rents within business groups. Overall, these findings reveal that business groups as interorganizational networks are contingent
on their internal, unique, and specific capabilities, as social capital theory argues.
相似文献
Tirta Nugraha MursitamaEmail: |
4.
Sea-Jin Chang 《Asia Pacific Journal of Management》2006,23(4):407-417
Business groups played an important role in the economic development of East Asian countries. Yet business groups in East
Asia face an uncertain future. Following the Asian Crisis, foreign creditors and investors have demanded that business groups
have more transparent operations and stronger corporate governance. At the same time, as governments in East Asia have loosened
trade barriers, business groups have become subject to intense competition in domestic markets. This paper argues that business
groups can survive or even prosper by taking initiatives in corporate restructuring. This paper also highlights some areas
for further research on business groups in this region.
Sea-Jin Chang is currently Kumho Asiana Group Chaired Professor of Business Administration, Korea University. He received his PhD in management from the Wharton School of the University of Pennsylvania. Previously, he was a faculty member of New York University. He also had visiting appointments at Stanford, INSEAD, and London Business School. Professor Chang is primarily interested in the management of diversified multinational enterprises. His research interests include diversification, corporate restructuring, foreign direct investment organizational learning, corporate growth through joint ventures and acquisitions, and comparative management studies of Japan, Korea and China. 相似文献
Sea-Jin ChangEmail: |
Sea-Jin Chang is currently Kumho Asiana Group Chaired Professor of Business Administration, Korea University. He received his PhD in management from the Wharton School of the University of Pennsylvania. Previously, he was a faculty member of New York University. He also had visiting appointments at Stanford, INSEAD, and London Business School. Professor Chang is primarily interested in the management of diversified multinational enterprises. His research interests include diversification, corporate restructuring, foreign direct investment organizational learning, corporate growth through joint ventures and acquisitions, and comparative management studies of Japan, Korea and China. 相似文献
5.
This study examines the role of top management team (TMT) member succession in breaking organizational inertia. We compare
the impact of two types of change in TMTs—in member number and demographic heterogeneity—on subsequent strategic reorientation
using data on the diversification activities of firms in the Japanese textile industry. Our findings suggest that executive
succession does not trigger strategic change unless succession entails change in the values and interests of executives embedded
in their demographic traits.
Riu Yokota (MS, University of Tsukuba) is an independent researcher in Japan. His research interests include executive succession, strategic change, and business ethics in organizations. Hitoshi Mitsuhashi (Ph.D. Cornell University) is an associate professor of organization studies at University of Tsukuba in Japan. His research interests include interorganizational relations, strategic change, and industry evolution. 相似文献
Hitoshi MitsuhashiEmail: |
Riu Yokota (MS, University of Tsukuba) is an independent researcher in Japan. His research interests include executive succession, strategic change, and business ethics in organizations. Hitoshi Mitsuhashi (Ph.D. Cornell University) is an associate professor of organization studies at University of Tsukuba in Japan. His research interests include interorganizational relations, strategic change, and industry evolution. 相似文献
6.
Employee stock ownership and corporate R&D expenditures: evidence from Taiwan's information-technology industry 总被引:1,自引:0,他引:1
This study investigates how employee stock ownership affects corporate R&D expenditures for information-technology firms listed on the Taiwan Stock Exchange during 1996–2001. The empirical results indicate a positive association between implementing employee stock ownership and R&D expenditures. The evidence thus supports the argument that employee stock ownership could help alleviate agency conflicts between employees and shareholders, and reduce agency costs, in turn enabling firms to make sizable R&D expenditures.
相似文献
Yen-Sheng HuangEmail: Fax: +886-2-27376744 |
7.
Dean Tjosvold Ann Chunyan Peng Yi Feng Chen Fang Su 《Asia Pacific Journal of Management》2008,25(2):225-249
Although government withdrawal from business has traditionally been considered a key reform in developing a market economy,
the Chinese government remains active. This study uses the social psychological theory of cooperation and competition to analyze
the interdependence between government and business. Structural equation results of interviews of specific incidents collected
from 105 government officials and business people in Shanghai, China, support the model that cooperative, but not competitive
or independent, goals induce open-minded discussions that in turn strengthen their relationships, accomplish tasks, foster
confidence they will work productively in the future, and develop their industry and the marketplace.
相似文献
Fang SuEmail: |
8.
This article reviews major theoretical and empirical work on vertical and horizontal Japanese keiretsu. We first outline the history, characteristics, and strategic and performance implications of each type of business group.
We then discuss changes in the Japanese economy during the post-1992 Japanese economic decline and their implications for
the persistence and continued benefits of each form of inter-corporate grouping followed by a discussion of empirical findings
regarding the continued role of keiretsu in the Japanese economy. The review concludes by exploring areas of future research into the evolution of keiretsu ties and their implications.
相似文献
Sandra DowEmail: |
9.
An assessment of alternative empirical measures of cultural distance: Evidence from the Republic of Korea 总被引:1,自引:0,他引:1
This study assesses the relative merits of alternative cultural frameworks as the basis to construct indices of cultural distance
using the one introduced by Kogut and Singh (1988). We assess not only Hofstede (1980, 1991) but also the more recent Schwartz
(1994, 2003) and GLOBE (2004) frameworks. Using primary data collected through a questionnaire survey of 228 foreign manufacturing
firms in the Republic of Korea, we find consistently across the three different frameworks that cultural distance has a positive
association with full ownership. These results support not only the robustness of Kogut and Singh’s method to construct an
index of cultural distance but also the consistency of the alternative indices of cultural distance used to explain ownership
mode decisions by MNEs.
相似文献
Sidney J. GrayEmail: |
10.
Managerial ties,absorptive capacity,and innovation 总被引:12,自引:5,他引:7
Managerial ties—the boundary-spanning ties and interpersonal connections of top managers—contribute to a corporation’s innovativeness
in emerging economies because of the absence of market supporting institutions, transparent laws, and clear regulations. Moreover,
managerial ties are apt to interact with absorptive capacity to facilitate knowledge sharing and innovation. This paper examines
the joint influence of managerial ties and absorptive capacity in two communities in China, one characterized by a high level
of foreign direct investment (FDI) and the other consisting mainly of local corporations. We find that absorptive capacity
moderates the effect of managerial ties on a corporation’s innovativeness. Furthermore, when examining the two communities
separately, we find that business ties and university ties have opposite effects.
相似文献
Jianjun YangEmail: |
11.
This study examines how the host country experience of Japanese multinational corporations (MNCs) affects their staffing policies
for executive manager positions at foreign affiliates. Hypotheses on executive staffing policies for foreign affiliates are
tested using survey data collected from 103 Japanese affiliates in Korea. Findings show that the level of global integration
and the degree of centralization of decision-making positively affect an assignment of parent country nationals as executive
managers of foreign affiliates. We further find that foreign affiliates’ experience in a host country moderates the effects
of both global integration and centralization on staffing decisions for the affiliates.
相似文献
Namgyoo Kenny ParkEmail: |
12.
Meyer (2006) has offered an interesting array of initiatives that scholars in Asia can pursue in enhancing their contribution
to the body of management knowledge. While the objective of his agenda seems timely and relevant, it raises some fundamental
questions that encompass issues such as the scope of research questions that Asian researchers could pursue, the debate over
rigor versus relevance, and the role of established top tier journals in furthering the Asian management research agenda.
This paper discusses some of these issues in the spirit of fostering a continued dialog on the important questions that Meyer
raises.
Kannan Ramaswamy (PhD, Virginia Polytechnic Institute and State University) is a William D. Hacker Chair Professor of Management at Thunderbird. His current research interests focus on issues such as the evolution of multinationals from developing countries and the role of business groups in emerging economies. He has taught in academic programs at several leading global institutions and in executive development programs for many of the world’s leading companies. 相似文献
Kannan RamaswamyEmail: |
Kannan Ramaswamy (PhD, Virginia Polytechnic Institute and State University) is a William D. Hacker Chair Professor of Management at Thunderbird. His current research interests focus on issues such as the evolution of multinationals from developing countries and the role of business groups in emerging economies. He has taught in academic programs at several leading global institutions and in executive development programs for many of the world’s leading companies. 相似文献
13.
The influence of firm,industry and network on the corporate social performance of Japanese firms 总被引:2,自引:1,他引:1
K. C. O’Shaughnessy Eric Gedajlovic Patrick Reinmoeller 《Asia Pacific Journal of Management》2007,24(3):283-303
We develop and test the thesis that corporate social performance (CSP) constitutes a socially constructed and shared strategic asset, which is not only influenced by factors specific to a firm, but also by the social performance of firms
in its industry and inter-corporate network. Using variance decomposition, we analyze data from 130 large Japanese firms and
find that both firm-specific and industry-level factors account for significant variance in CSP, but network-level factors
do not.
相似文献
Patrick ReinmoellerEmail: |
14.
Ho-Beng Chia Carolyn P. Egri David A. Ralston Ping Ping Fu Min-Hsun Christine Kuo Chay-Hoon Lee Yongyuan Li Yong-Lin Moon 《Asia Pacific Journal of Management》2007,24(3):305-320
This study examines the influence of economic and political factors that contribute to the convergence and/or divergence in
value priorities of five East Asian societies—China, Hong Kong, Singapore, South Korea, and Taiwan. We find that political
and social-economic factors influence the values orientations of managers within this region. However, economic development
level is an insufficient explanation for values convergence without consideration of the societal context and cultural traditions
in which that development occurred.
相似文献
Yong-Lin MoonEmail: |
15.
A growing number of Western-educated management PhD graduates are starting their academic career in Chinese business schools.
While opportunities are abundant for these returnees, they also face the choice between developing internationally transferable
assets and building locally embedded competences. Some possible solutions are discussed, at both personal and institutional
levels.
Dean Xu (PhD, York University) is an associate professor of strategy and international business at School of Business, the University of Hong Kong. Previously, he was on the faculty of Guanghua School of Management, Peking University. His research interests include multinational enterprises, Chinese firm strategy, and the competitive advantages of foreign and local firms in China. His research has been published or accepted at the Academy of Management Review, Journal of International Business Studies, Journal of Management, Strategic Management Journal, and other management journals. 相似文献
Dean XuEmail: |
Dean Xu (PhD, York University) is an associate professor of strategy and international business at School of Business, the University of Hong Kong. Previously, he was on the faculty of Guanghua School of Management, Peking University. His research interests include multinational enterprises, Chinese firm strategy, and the competitive advantages of foreign and local firms in China. His research has been published or accepted at the Academy of Management Review, Journal of International Business Studies, Journal of Management, Strategic Management Journal, and other management journals. 相似文献
16.
In this conceptual article we present a critical analysis of close guanxi, i.e., close personal connections, in terms of their negative externalities on organizations. We adopt a social dilemma perspective
and examine how close guanxi parties, while cooperative toward each other, may nevertheless defect against the organization, causing negative externalities.
We contend that relationalism exacerbates such negative effects of close guanxi and propose various institutional mechanisms and individual variables that can reduce them. Finally, we discuss research
and practical implications of solving social dilemmas of close guanxi in Chinese organizations and strong ties in Western organizations.
相似文献
Xiao-Ping ChenEmail: |
17.
The adolescence of Asia management research: <Emphasis Type="Italic">APJM</Emphasis>, 1997–2006 总被引:3,自引:3,他引:0
Erin G. Pleggenkuhle-Miles Ramya R. Aroul Sunny Li Sun Yu-Shan Su 《Asia Pacific Journal of Management》2007,24(4):467-489
In this article we reflect on the adolescent years of Asia management research published in the Asia Pacific Journal of Management (APJM) by reviewing work published in the past 10 years (1997–2006). We report that during the last decade, APJM has published 223 research articles, written by 373 different authors, who are affiliated with 203 different institutions.
Our discussion of the future of Asia management research is guided by Kuhn’s (Kuhn, T. S. The structure of scientific revolutions. Chicago: University of Chicago Press, 1962) perspective on the nonlinear progression of science. We argue that as a growing
community, Asia management research is finding its “identity” and establishing its presence in the larger worldwide management
research community. Following our analysis, we conclude that the growth of Asia management research—as captured by APJM publications—throughout its “adolescent” years has set forth a challenging and exciting path for the future.
All authors contributed equally. We thank Mike Peng (Editor-in-Chief) for his encouragement and advice. This work was completed
when Yu-Shan Su was a Fulbright visiting scholar at the University of Texas at Dallas (UTD). She thanks the Fulbright Association
and the Taiwanese Ministry of Education for partially funding this work.
Erin G. Pleggenkuhle-Miles is a PhD student in International Management Studies at the University of Texas at Dallas. Her research interests include institutional effects on firm strategies and rural entrepreneurship. Ramya R. Aroul is a PhD student in International Management Studies at the University of Texas at Dallas. Her research interests include organization strategy and evolution of new industries in emerging economies and rural entrepreneurship. Sunny Li Sun is a PhD student in International Management Studies at the University of Texas at Dallas. His research interests include strategy on internationalization, M&A, alliance network and innovation. Yu-Shan Su (PhD, National Taiwan University) is Assistant Professor of International Business at Chang Jung Christian University, Tainan, Taiwan. During 2006–07, she was a Fulbright visiting scholar at the University of Texas at Dallas. Her research interests are innovation and knowledge management in organizations and R&D management in the biotechnology and pharmaceutical industry. 相似文献
Erin G. Pleggenkuhle-MilesEmail: |
Ramya R. AroulEmail: |
Sunny Li SunEmail: |
Yu-Shan Su (Corresponding author)Email: |
Erin G. Pleggenkuhle-Miles is a PhD student in International Management Studies at the University of Texas at Dallas. Her research interests include institutional effects on firm strategies and rural entrepreneurship. Ramya R. Aroul is a PhD student in International Management Studies at the University of Texas at Dallas. Her research interests include organization strategy and evolution of new industries in emerging economies and rural entrepreneurship. Sunny Li Sun is a PhD student in International Management Studies at the University of Texas at Dallas. His research interests include strategy on internationalization, M&A, alliance network and innovation. Yu-Shan Su (PhD, National Taiwan University) is Assistant Professor of International Business at Chang Jung Christian University, Tainan, Taiwan. During 2006–07, she was a Fulbright visiting scholar at the University of Texas at Dallas. Her research interests are innovation and knowledge management in organizations and R&D management in the biotechnology and pharmaceutical industry. 相似文献
18.
Contractual joint ventures (CJVs) are a major form of non-equity strategic alliance in China, employed mainly by Hong Kong
firms in the south China province of Guangdong. Due to their ambiguous legal status and the lack of conceptualisation and
of their contractual nature, there has been little empirical research on CJVs. By theorising CJVs as a relational subcontracting
arrangement and drawing on data from structured interviews with managers from both sides, this paper reveals the managerial
decisions pertaining to the formation and evolution of the CJV non-equity alliances in Guangdong.
相似文献
Stephen NicholasEmail: |
19.
Change and Continuity in Southeast Asian Ethnic Chinese Business 总被引:3,自引:2,他引:1
H. W. C. Yeung 《Asia Pacific Journal of Management》2006,23(3):229-254
The 1997/1998 Asian economic crisis has fundamentally reshaped the economic organization of ethnic Chinese business in Southeast Asia. In this paper, I outline some of the most significant contextual changes that impinge on Southeast Asian ethnic Chinese business in recent years, in particular the changing political-economic alliances in Southeast Asia, the interpenetration of globalization processes and the rise of mainland China as a significant player in the global economy. I argue that these changes have led to a more globalizing orientation of ethnic Chinese business in Southeast Asia. In making this case for globalizing ethnic Chinese business in Southeast Asia, I am concurrently aware of the continual existence and discursive reconstitution of some distinctive elements of ethnic Chinese capitalism. This continuity in ethnic Chinese capitalism points to its growing hybridization–a transformative process in which traditional and new elements are continuously morphed and recombined into something that resembles neither ethnic Chinese capitalism as we knew it nor global capitalism. Instead, a hybrid form of ethnic Chinese capitalism emerges as a distinctive feature in today's Southeast Asian business landscape.
相似文献
H. W. C. YeungEmail: |
20.
How does strategic orientation matter in Chinese firms? 总被引:3,自引:2,他引:1
As China continues to transition toward a market economy, how strategic orientation affects firm performance has received
significant attention. This article reviews the extant literature with a framework that depicts contemporary work on strategic
orientation, the drivers of strategic orientation, and its boundary conditions. We identify important research gaps and propose
to integrate institutional theory, dynamic capability perspective, and the knowledge-based view within the strategic orientation
research stream for future investigations.
相似文献
Caroline Bingxin LiEmail: |