IDEAS home Printed from https://ideas.repec.org/p/rii/rridoc/2.html
   My bibliography  Save this paper

Guanxi and business environment in china: an innovative network as a process of knowledge-based economy

Author

Listed:
  • Francis MUNIER

    (RRI)

Abstract

Guanxi is a specific part of Chinese business environment. Since the openness of China, it seems that a contradiction appears between the constraints of corporate governance and the cultural and traditional behaviour in business. Most of west analyses consider that Guanxi is only a form of corruption and therefore it should be fight it out. The originality of our work is to frame these questions in the context of recent concepts such as communities of practice and epistemic communities. Based on these concepts, we consider that the firm can be analysed from a dual perspective: cognitive and organisational. The first one belongs to the guanxi logic and the second one to the corporate governance. According to these framework, we point out the fact that guanxi provides an innovative network in order to diffuse and enhance knowledge.

Suggested Citation

  • Francis MUNIER, 2008. "Guanxi and business environment in china: an innovative network as a process of knowledge-based economy," Working Papers 2, Réseau de Recherche sur l’Innovation. / Research Network on Innovation.
  • Handle: RePEc:rii:rridoc:2
    as

    Download full text from publisher

    File URL: http://rrifr.univ-littoral.fr/wp-content/uploads/2008/06/doc-2.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Shleifer, Andrei & Vishny, Robert W, 1986. "Large Shareholders and Corporate Control," Journal of Political Economy, University of Chicago Press, vol. 94(3), pages 461-488, June.
    2. Ghauri, Pervez & Fang, Tony, 2001. "Negotiating with the Chinese: a socio-cultural analysis," Journal of World Business, Elsevier, vol. 36(3), pages 303-325, October.
    3. Mathias Dewatripont & Jean Tirole, 1994. "A Theory of Debt and Equity: Diversity of Securities and Manager-Shareholder Congruence," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 109(4), pages 1027-1054.
    4. Frank Blackler & Seonaidh McDonald, 2000. "Power, Mastery And Organizational Learning," Journal of Management Studies, Wiley Blackwell, vol. 37(6), pages 833-852, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bushman, Robert M. & Smith, Abbie J., 2001. "Financial accounting information and corporate governance," Journal of Accounting and Economics, Elsevier, vol. 32(1-3), pages 237-333, December.
    2. Hellwig, Martin, 1998. "On the economics and politics of corporate finance and corporate control," Papers 98-43, Sonderforschungsbreich 504.
    3. Almazan, A. & Suarez, J., 1999. "Optimal Corporate Governance Structures," Papers 9907, Centro de Estudios Monetarios Y Financieros-.
    4. repec:dau:papers:123456789/9552 is not listed on IDEAS
    5. Olivier Saulpic & Hervé Tanguy, 2000. "L'Impact De La Structure Financiere Sur Les Decisions Strategiques : Le Cas Du Negoce De Vin Bourguignon," Post-Print halshs-00587511, HAL.
    6. Daniel Ferreira & Emanuel Ornelas & John L. Turner, 2015. "Unbundling Ownership and Control," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 24(1), pages 1-21, March.
    7. Belot, François & Ginglinger, Edith & Slovin, Myron B. & Sushka, Marie E., 2014. "Freedom of choice between unitary and two-tier boards: An empirical analysis," Journal of Financial Economics, Elsevier, vol. 112(3), pages 364-385.
    8. repec:dau:papers:123456789/12816 is not listed on IDEAS
    9. repec:dau:papers:123456789/9554 is not listed on IDEAS
    10. Gary Gorton & Matthias Kahl, 1999. "Blockholder Identity, Equity Ownership Structures and Hostile Takeovers," Center for Financial Institutions Working Papers 99-19, Wharton School Center for Financial Institutions, University of Pennsylvania.
    11. Jeitschko, Thomas D. & Jeung, Shin Dong, 2005. "Incentives for risk-taking in banking - A unified approach," Journal of Banking & Finance, Elsevier, vol. 29(3), pages 759-777, March.
    12. François Belot & Edith Ginglinger & Myron Slovin & Marie Sushka, 2012. "Reforming Corporate Governance: Evidence from the Choice between Unitary versus Dual Boards of Directors," Post-Print hal-01637558, HAL.
    13. Guembel, Alexander & White, Lucy, 2014. "Good cop, bad cop: Complementarities between debt and equity in disciplining management," Journal of Financial Intermediation, Elsevier, vol. 23(4), pages 541-569.
    14. Xu, Xijia, 2009. "Aligning debt and equity claimant interests: Evidence from dual claim investors," Journal of Banking & Finance, Elsevier, vol. 33(12), pages 2227-2240, December.
    15. Kang, Jun-Koo & Li, Yingxiang & Oh, Seungjoon, 2022. "Venture Capital Coordination in Syndicates, Corporate Monitoring, and Firm Performance," Journal of Financial Intermediation, Elsevier, vol. 50(C).
    16. Lehmann, Erik, 2018. "Corporate governance," UO Working Papers 01-18, University of Augsburg, Chair of Management and Organization.
    17. François Belot & Edith Ginglinger & Myron Slovin & Marie Sushka, 2012. "Lessons from The French Exception: How Firms Choose Between Unitary and Dual Boards," Post-Print hal-01637565, HAL.
    18. Joachim Keller & Janet Mitchell & Cristina Vespro, 2009. "Reforming remuneration schemes in the financial industry : some governance and implementation issues," Financial Stability Review, National Bank of Belgium, vol. 7(1), pages 139-151, June.
    19. Sang Cheol Lee & Mooweon Rhee & Jongchul Yoon, 2018. "Foreign Monitoring and Audit Quality: Evidence from Korea," Sustainability, MDPI, vol. 10(9), pages 1-22, September.
    20. Calcagno, R. & Renneboog, L.D.R., 2004. "Capital Structure and Managerial Compensation : The Effects of Renumeration Seniority," Discussion Paper 2004-120, Tilburg University, Center for Economic Research.
    21. William T. Allen & Han Shen, 2011. "Assessing China's Top-Down Securities Markets," NBER Working Papers 16713, National Bureau of Economic Research, Inc.
    22. Adrian Gourlay & Jonathan Seaton, 2004. "The determinants of firm diversification in UK quoted companies," Applied Economics, Taylor & Francis Journals, vol. 36(18), pages 2059-2071.
    23. Tarek Roshdy Gebba & Mohamed Gamal Aboelmaged, 2016. "Corporate Governance of UAE Financial Institutions: A Comparative Study between Conventional and Islamic Banks," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 6(5), pages 1-7.

    More about this item

    Keywords

    Guanxi; corporate governance; communities; knowledge; network;
    All these keywords.

    JEL classification:

    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rii:rridoc:2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alexandre UZUNIDIS (email available below). General contact details of provider: https://edirc.repec.org/data/rilitfr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.