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The Theory of the Firm and Chinese Enterprise Reform
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The Theory of the Firm and Chinese Enterprise Reform : The Case of China International Trust and Investment Corporation

Book Details

Format Hardback or Cased Book
ISBN-10 0415336554
ISBN-13 9780415336550
Publisher Taylor & Francis Ltd
Imprint Routledge
Country of Manufacture GB
Country of Publication GB
Publication Date Aug 19th, 2004
Print length 216 Pages
Weight 560 grams
Product Classification: Interdisciplinary studies
Ksh 27,900.00
Werezi Extended Catalogue 0 in stock

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Providing an insider's account of the reforms in CITIC, 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.
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.

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