Big Business with Chinese Characteristics: Two Paths to Growth of the Firm in China under Reform

Nolan, P and Yeung, G (2001) Big Business with Chinese Characteristics: Two Paths to Growth of the Firm in China under Reform. Cambridge Journal of Economics, 25 (4). pp. 443-465. ISSN 0309-166X

[img]
Preview
PDF
Download (372kB) | Preview

Abstract

This paper presents a case study of two large firms which emerged from among the ranks of traditional state-owned enterprises and new entrants: Shougang (steel) and Sanjiu (pharmaceuticals). Rather than being irreconcilable with the market economy, the experience of these two firms suggests that the Chinese Communist Party and the People's Liberation Army possessed a rich legacy of organisational and motivational skills. Moreover, Shougang and Sanjiu both grew rapidly through mergers and acquisitions in the absence of privatisation and a developed stock market. Furthermore, the main reason for Shougang and Sanjiu's success is not special help from the government or the army, but rather the fact that its leadership used their autonomy to construct a highly effective business organisation.

Item Type: Article
Additional Information: Published by Oxford University Press
Keywords: Big businesses; Entrepreneurship; Organisational capability; Iron and steel; Pharmaceutical
Schools and Departments: School of Global Studies > Geography
School of Law, Politics and Sociology > Sociology
Subjects: H Social Sciences > HD Industries. Land use. Labour > HD0028 Management. Industrial Management
H Social Sciences > H Social Sciences (General)
Depositing User: Godfrey Yeung
Date Deposited: 19 Sep 2006
Last Modified: 07 Mar 2017 12:35
URI: http://sro.sussex.ac.uk/id/eprint/121
Google Scholar:26 Citations

View download statistics for this item

📧 Request an update