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China incorporated: property rights, networks, and the emergence of a private business sector in China

China incorporated: property rights, networks, and the emergence of a private business sector in... Based on fieldwork in Zhejiang 2000/01, the paper analyses the processes and mechanisms that shape China’s new private sector. The paper argues that the development of the private sector is characterised by the on‐going interaction between local jurisdictions, networks and entrepreneurs. The search for and protection of private property rights can be singled out as the most crucial factor for explaining the establishment and organisational form of firms. The empirical study can also help to explain why the family is no longer at the core of private firms, offering too small a resource base, and too little access to asset protecting networks. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Managerial Finance Emerald Publishing

China incorporated: property rights, networks, and the emergence of a private business sector in China

Barbara Krug; Hans Hendrischke
Managerial Finance , Volume 29 (12): 13 – Dec 15, 2003
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References (31)

Publisher
Emerald Publishing
Copyright
Copyright © 2003 MCB UP Ltd. All rights reserved.
ISSN
0307-4358
DOI
10.1108/03074350310768625
Publisher site
See Article on Publisher Site

Abstract

Based on fieldwork in Zhejiang 2000/01, the paper analyses the processes and mechanisms that shape China’s new private sector. The paper argues that the development of the private sector is characterised by the on‐going interaction between local jurisdictions, networks and entrepreneurs. The search for and protection of private property rights can be singled out as the most crucial factor for explaining the establishment and organisational form of firms. The empirical study can also help to explain why the family is no longer at the core of private firms, offering too small a resource base, and too little access to asset protecting networks.

Journal

Managerial Finance – Emerald Publishing

Published: Dec 15, 2003

Keywords: Accounting research; Ownership; Private sector; Financing; Organizational change; China

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