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The Theory of the Firm and Chinese Enterprise Reform: The Case of China International Trust and Investment Corporation,9780415652803

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

by ;
Edition:
1st
ISBN13:

9780415652803

ISBN10:
0415652804
Format:
Nonspecific Binding
Pub. Date:
11/1/2014
Publisher(s):
Routledge
List Price: $44.95

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Questions About This Book?

What version or edition is this?
This is the 1st edition with a publication date of 11/1/2014.
What is included with this book?
  • The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any CDs, lab manuals, study guides, etc.

Summary

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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