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Mao Meets the Market

Author

Listed:
  • Song Yang

    (University of South Australia)

  • Bruce W. Stening

    (Peking University)

Abstract

This study sought to examine the relative impact of several competing sources of values and ideologies—Chinese Traditional Values, Capitalist Values, Socialist Ideology and Deng Xiaoping’s Philosophy—on Chinese businesspersons. In contrast to previous research that has focused almost exclusively on cultural influences, this research was aimed at also understanding political influences. Questionnaire data from 487 respondents drawn from two cities and three industrial sectors was analyzed by means of structural equation modeling. Positive and significant relationships were revealed between Socialist Ideology and both Chinese Traditional Values and Deng’s Philosophy. While a negative and significant relationship was shown between Socialist Ideology and Capitalist Values, Capitalist Values were positively and significantly related to Deng’s Philosophy. Chinese businesspersons live with some apparent contradictions between espoused values and the realities of economic life. The paper explores how they are reconciled and examines their implications for various stakeholders.

Suggested Citation

  • Song Yang & Bruce W. Stening, 2013. "Mao Meets the Market," Management International Review, Springer, vol. 53(3), pages 419-448, June.
    • Handle: RePEc:spr:manint:v:53:y:2013:i:3:d:10.1007_s11575-012-0155-y
    DOI: 10.1007/s11575-012-0155-y
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    References listed on IDEAS

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    3. Fuming Jiang & Tatiana Zalan & Herman H. M. Tse & Jie Shen, 2018. "Mapping the Relationship Among Political Ideology, CSR Mindset, and CSR Strategy: A Contingency Perspective Applied to Chinese Managers," Journal of Business Ethics, Springer, vol. 147(2), pages 419-444, January.
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    Keywords

    China; Values; Ideology; Pragmatism; Mao; Deng;
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