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  • © 2016

Corporate China 2.0

The Great Shakeup

Palgrave Macmillan

Authors:

  • First book of its kind to extensively use examples of state-owned enterprises, private companies, and new economy companies in China to illustrate the importance of enhancing return on capital to China’s ongoing economic transition

  • Differs in design from typical treatments of corporate finance and strategies by (i) taking a contemporary and forward-looking view of corporate China, (ii) detailing China-specific institutional framework which determines corporate behavior, and subsequently, corporate performance, (iii) discussing institutional reforms necessary for China to boast great companies, and mapping out potential routes, and (iv) using a wide range of Chinese firms as case examples

  • Provides valuable insights about companies in China through rigorous analysis and compelling case studies

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Table of contents (9 chapters)

  1. Front Matter

    Pages i-xxxii
  2. What’s In A Great Company?

    • Qiao Liu
    Pages 25-53
  3. The “Great” Hope Struggles

    • Qiao Liu
    Pages 79-101
  4. It Is Also About Corporate Governance

    • Qiao Liu
    Pages 103-130
  5. The Perils of Diversification

    • Qiao Liu
    Pages 131-153
  6. Shake Up the Foundations

    • Qiao Liu
    Pages 155-183
  7. The Beginning of a Breakthrough

    • Qiao Liu
    Pages 185-210
  8. Back Matter

    Pages 223-243

About this book

This book argues that that the rise of great firms - those with sustainable high return on invested capital (ROIC) - will lay the foundation for China’s successful economic transformation.  Drawn from the author’s research on corporate finance and the Chinese economy, the author maintains that being big could be easy but means little for corporate China, especially in the context of China’s transition from an investment-led economy to an efficiency-driven one. The work discusses both internal and external impediments that lead to lack of great companies in China and suggests institutional conditions which foster the rise of great companies in China, including, reversing the government’s obsession with GDP, reforming the financial system, and promoting entrepreneurship. Policy makers, investors, corporate executives, and MBA students and scholars will appreciate case studies of Huawei, Alibaba, Xiaomi, and Lenovo, among others, that illustrate the endeavors made by Chinese entrepreneurs at the grassroots level and highlight what makes successful companies in China.



Authors and Affiliations

  • Guanghua School of Management, Peking University, Beijing, China

    Qiao Liu

About the author

Qiao Liu is Professor of Finance and Associate Dean for the EMBA program in the Guanghua School of Management, Peking University, China. Formerly, he was a corporate finance expert at McKinsey. He has published numerous articles at leading academic journals including Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Management Science, Journal of Accounting Research, and Economic Journal. He is co-author of the book Finance in Asia: Institutions, Regulation and Policy.



Bibliographic Information

  • Book Title: Corporate China 2.0

  • Book Subtitle: The Great Shakeup

  • Authors: Qiao Liu

  • DOI: https://doi.org/10.1057/978-1-137-55089-7

  • Publisher: Palgrave Macmillan New York

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s) 2016

  • Hardcover ISBN: 978-1-137-60371-5Published: 24 December 2016

  • Softcover ISBN: 978-1-137-60372-2Published: 24 December 2016

  • eBook ISBN: 978-1-137-55089-7Published: 23 December 2016

  • Edition Number: 1

  • Number of Pages: XXXII, 243

  • Number of Illustrations: 15 b/w illustrations, 20 illustrations in colour

  • Topics: Asian Economics

Buy it now

Buying options

eBook USD 39.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 54.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access