Theory of the Firm and Chinese Enterprise Reform
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A01=Xiao Qin
Asset Specificity
Author_Xiao Qin
Category=KCM
China International Trust
Chinese corporate headquarters analysis
Chinese enterprise reform
CITIC's business scope
Company's Business Activities
Company’s Business Activities
corporate governance
Corporate Organizational Structure
economic transition
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eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Internal Organizational Structure
Large Chinese Enterprises
management reform
Market Transaction Costs
Maximize Production Profit
Modern Enterprise System
Modern Large Companies
Modern Large Corporations
organisational structure
Rong Yiren
SOE
state owned enterprises
Subordinate Business Units
Subordinate Units
Substitution Function
substitution function model
substitution function theory
Substitution Variables
Traditional Hierarchical Organizational Structure
Transaction Activities
Transaction Coordination
Transaction Cost Economics
Transaction Cost Theory
Transaction Mechanism
Ultimate Supervisor
Williamson's Theory
Williamson’s Theory
Product details
- ISBN 9780415652803
- Weight: 317g
- Dimensions: 156 x 234mm
- Publication Date: 15 Aug 2014
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Paperback
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Changes to corporate structure, including the role of the corporate headquarters, have been key factors in bringing about economic reform in China. In this penetrating and insightful book, Xiao questions the conventional theory of the firm, arguing that the ultimate goal of the headquarters of modern large corporations is to function as a substitute 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, and as such this is a rare 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.
Dr Qin Xiao is Chairman of China Merchant Group Limited and China Merchants Bank since 2001. Before that, he was Vice Chairman and President of China International Trust and Investment Corporation (CITIC), and Chairman of CITIC Industrial Bank. He is a member of the APEC Business Advisory Council (ABAC) and was Chair of ABAC in 2001. Dr Qin Xiao is also a member of Toyota's International Advisory Board. He holds a Ph.D. in economics from University of Cambridge, and serves as an Honorary Professor at the Business School of Tsinghua University and the Graduate School of the People's Bank of China. He is the author of several papers and books in the fields of economics and management, and a keynote speaker at various international fora, such as APEC.
