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The micromechanism of “co-beneficial” cooperation between government and business in the context of Chinese transition economy: the case of “Daqing–Geely mode”

The micromechanism of “co-beneficial” cooperation between government and business in the context... This study aims to answer few questions, such as which factors influence the local government’s choice of private firm investments; what factors influence private firms’ choice of specific local government to make a local investment; and why do some private firms gain a competitive edge by choosing a stakeholder management model of “running the government” in the context of the Chinese transition economy.Design/methodology/approachUsing a case study approach, this paper provides an in-depth analysis of the Daqing–Geely Case, 2010, and explains why Geely chose Daqing considering the firm perspective and why the Daqing city Government chose Geely considering the local governments’ perspective.FindingsThis study highlights the concept of “co-beneficial” cooperation between government–business by virtue of the institutional innovation of the quasi-property system. In addition, it reveals that the private firms and local governments in the “Daqing–Geely mode” work together for mutual benefits by putting fair negotiation and contract mechanisms in place. Resultantly, private firms secure the commercial interests, and the local governments bring in improved efficiency.Originality/valueThis study consolidates the theory of stakeholders, thereby strengthening the current understanding of “special offer” and “universal offer.” http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Chinese Management Studies Emerald Publishing

The micromechanism of “co-beneficial” cooperation between government and business in the context of Chinese transition economy: the case of “Daqing–Geely mode”

Chinese Management Studies , Volume 17 (2): 30 – Jan 20, 2023

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References (63)

Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
1750-614X
eISSN
1750-614X
DOI
10.1108/cms-02-2021-0035
Publisher site
See Article on Publisher Site

Abstract

This study aims to answer few questions, such as which factors influence the local government’s choice of private firm investments; what factors influence private firms’ choice of specific local government to make a local investment; and why do some private firms gain a competitive edge by choosing a stakeholder management model of “running the government” in the context of the Chinese transition economy.Design/methodology/approachUsing a case study approach, this paper provides an in-depth analysis of the Daqing–Geely Case, 2010, and explains why Geely chose Daqing considering the firm perspective and why the Daqing city Government chose Geely considering the local governments’ perspective.FindingsThis study highlights the concept of “co-beneficial” cooperation between government–business by virtue of the institutional innovation of the quasi-property system. In addition, it reveals that the private firms and local governments in the “Daqing–Geely mode” work together for mutual benefits by putting fair negotiation and contract mechanisms in place. Resultantly, private firms secure the commercial interests, and the local governments bring in improved efficiency.Originality/valueThis study consolidates the theory of stakeholders, thereby strengthening the current understanding of “special offer” and “universal offer.”

Journal

Chinese Management StudiesEmerald Publishing

Published: Jan 20, 2023

Keywords: Strategic transition; Entrepreneurship; Daqing–Geely mode; Government–business co-benefit

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