Innovation, Technology, and Knowledge Management

The Governance Structures of Chinese Firms

Innovation, Competitiveness, and Growth in a Dual Economy

Authors: Liao, Chun

  • Presents an analysis of corporate governance and the dual structure of China’s economy with respect to competitiveness, innovation, and growth
  • Offers a fresh explanation for China’s phenomenal economic performance
  • Argues that China’s system is unique and well suited to the dynamics of globalization
  • Compares Chinese firm governance with other countries, including the US, UK, Germany, Japan, and South Korea
  • Applies the most current data, with an insider’s extensive access
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eBook $149.00
price for USA (gross)
  • ISBN 978-1-4419-0036-4
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $199.00
price for USA
  • ISBN 978-1-4419-0035-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $199.00
price for USA
  • ISBN 978-1-4614-2938-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

China’s extraordinary economic growth is inspiring research from a wide spectrum of fields to explain the phenomenon: What are the primary drivers of China’s economic growth? Can it be sustained? Can the Chinese business model be emulated by other countries? What long-term effects will China’s economic growth have on the global economy? In this volume, Chun Liao explores these issues in the context of firms’ governance structures, arguing that China’s dual business system of state-owned enterprises and private enterprises is uniquely suited to the challenges of economic development in the twenty-first century. On the one hand, China’s state-owned enterprises are characterized by state coordination, bank financing, insulation from the stock market fluctuations, and incremental productivity-enhancing innovations, which are similar to the firms in the business systems of coordinated market economies (like Germany and Japan). On the other hand, China’s private enterprises are characterized by private (often family) ownership, hard budget constraints, profit maximization, and more risky radical innovation, which are similar to the firms in the business systems of liberal market economies (like the US and the UK). Based on the state controlling shareholding in the state sector, the boundary between the state sector business system and private sector business system is clear. This dual type system is contrasted with those in liberal market economies and those in coordinated market economies, where only one type system dominates. Drawing from empirical data and industry analysis over the past 15 years, Liao provides unparalleled access to the dynamics of the Chinese economy, including ownership structure, management design, labor-management relations, business infrastructure, capitalization (including role of banks and financial institutions, private investment, and FDI) in both the public and private sectors. In the process, she analyzes both opportunities and challenges that result from China’s dual business system, particularly in regard to innovation, core competitiveness, and sustainable growth in both state strategic technology-based industries and private high technology industries . The result is an approach that sheds new light on China’s economic performance and its rise as a player on the international stage.

About the authors

Liao, Chun is a professor of economics at Shanghai Lixin University of Commerce in Shanghai, China. She holds a PhD in Economic Sociology (the research field of firms’ governance structures, business systems and innovation systems) from Free University, Berlin. She has published more than 40 articles on Chinese business, economics, and policy, in such journals as Finance and Trade Economy and China Economists, and is coauthor of Knowledge-Based Economy and Economic Globalization (Guangdong Tourism Press, 1999).

Table of contents (4 chapters)

  • General Theory

    Liao, Chun

    Pages 1-31

  • Firms’ Governance Structure in the Chinese State Sector

    Liao, Chun

    Pages 33-89

  • Firms’ Governance Structure in the Chinese Private Sector

    Liao, Chun

    Pages 91-143

  • Foreign Direct Investment, Technology Transfer, and Dual Convergence in the Dual-Structured Chinese Market Economy

    Liao, Chun

    Pages 145-158

Buy this book

eBook $149.00
price for USA (gross)
  • ISBN 978-1-4419-0036-4
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $199.00
price for USA
  • ISBN 978-1-4419-0035-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $199.00
price for USA
  • ISBN 978-1-4614-2938-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The Governance Structures of Chinese Firms
Book Subtitle
Innovation, Competitiveness, and Growth in a Dual Economy
Authors
Series Title
Innovation, Technology, and Knowledge Management
Copyright
2009
Publisher
Springer-Verlag New York
Copyright Holder
Springer-Verlag New York
eBook ISBN
978-1-4419-0036-4
DOI
10.1007/978-1-4419-0036-4
Hardcover ISBN
978-1-4419-0035-7
Softcover ISBN
978-1-4614-2938-8
Series ISSN
2197-5698
Edition Number
1
Number of Pages
XXVI, 206
Number of Illustrations and Tables
8 b/w illustrations
Topics