The theory of the firm and Chinese enterprise reform
Subtitle: the case of China International Trust and Investment Corporation
By: Qin Xiao.
Series: RoutledgeCurzon studies on the Chinese economy ;; 10
Publisher: RoutledgeCurzon
Published: 2004
Place of publication: New York, NY
Language: eng
Number of pages: 178
Subjects: Zhongguo guo ji xin tuo tou zi gong si.; Organizational effectiveness.; Corporations -- Headquarters.; Industrial organization.; Corporate governance.; Development banks -- China -- Management.
Description: "Changes to corporate structure, including the role of the corporate headquarters, have been key factors in bringing about economic reform in China. In this book, Dr. Qin Xiao, inspired by the new institutional economists and his personal experience as President of CITIC, a well-known Chinese large business group, questions the conventional theory of the firm, arguing that the ultimate goal of the headquarters of modern large corporations is to function as a substitution for the market, and introducing a new explanation for the nature of the firm - the "substitution function model". He provides an insider's account of the reforms in CITIC, a narrative that should be essential reading for scholars and practitioners who care about the theory and practice of the firm, in particular in the context of Chinese enterprise reform."--BOOK JACKET.
Notes: Includes bibliographical references and index.
Table of contents: title: Introduction; title: Overview of the literature; title: The establishment of "substitution function model" and the study of the relevant variables; title: CITIC story : case study; title: Conclusion.