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dc.contributor.authorBickenbach, Franken_US
dc.contributor.authorLiu, Wan-Hsinen_US
dc.date.accessioned2011-09-02en_US
dc.date.accessioned2011-09-09T12:46:51Z-
dc.date.available2011-09-09T12:46:51Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/49391-
dc.description.abstractThis paper describes the Chinese economic and institutional reform process as a gradual transition of an informal, relation-based governance system into a more formal and rule-based governance system. The consequences of macro-level institutional reforms on the importance of personal relationships for the firm-level governance of business operations are discussed. Theoretical considerations based on the New Institutional Economics suggest that, in a transition economy such as China, companies' incentives to reduce the reliance on personal relationships should depend on firm characteristics such as the age, size and the internationalization of the firm. We confront these suppositions with empirical data obtained from a company survey performed among 222 (electronics industry) companies operating in the PRD, China. From this we obtain some, though often weak, evidence in favor of the suppositions.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKiel Working Papers 1728en_US
dc.subject.jelL20en_US
dc.subject.jelL63en_US
dc.subject.jelP0en_US
dc.subject.ddc330en_US
dc.subject.keywordFormal and informal institutionsen_US
dc.subject.keywordrelation-based governanceen_US
dc.subject.keywordfirm characteristicsen_US
dc.subject.keywordChinaen_US
dc.subject.keywordcompany surveyen_US
dc.subject.stwCorporate Governanceen_US
dc.subject.stwSoziale Beziehungenen_US
dc.subject.stwÜbergangswirtschaften_US
dc.subject.stwInstitutioneller Wandelen_US
dc.subject.stwUnternehmenen_US
dc.subject.stwChinaen_US
dc.titleFirm characteristics and informal governance of business operations in the PRD, Chinaen_US
dc.typeWorking Paperen_US
dc.identifier.ppn667630082en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Kieler Arbeitspapiere, IfW
Publikationen von Forscherinnen und Forschern des IfW

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