The Theory of the Firm and Chinese Enterprise Reform : The Case of China International Trust and Investment Corporation
by
Xiao Qin
Book Details
Format
Paperback / Softback
Book Series
Routledge Studies on the Chinese Economy
ISBN-10
0415652804
ISBN-13
9780415652803
Publisher
Taylor & Francis Ltd
Imprint
Routledge
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Aug 15th, 2014
Print length
224 Pages
Weight
317 grams
Product Classification:
Development economics & emerging economies
Ksh 9,900.00
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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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