Guanxi, Mianzi, and Business : The Impact of Culture on Corporate Governance in China

• Tác giả: David Smith
• Ngôn ngữ: eng
• Ký hiệu phân loại: 581.95 Specific topics in natural history of plants
• Thông tin xuất bản: World Bank, Washington, DC, 2014
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 328521
• Chủ đề: 1. ACCOUNTING; 2. ACCOUNTING RULES; 3. ASSET MANAGEMENT; 4. BARRIER; 5. BARRIER TO ENTRY

Tóm tắt

Before taking advantage of the growing opportunities of the Chinese market, investors will do well to understand the strong influence of Chinese culture on the way businesses operate, how they govern themselves, and how they interact with each other. The author (David Smith) identifies two key cultural and sociological issues of particular interest guanxi (relationships and networks) and mianzi (face). He analyzes their most common implications for investors in areas such as related-party transactions, board composition and deliberations, and shareholder engagement.