Suchergebnisse

Leveraging its absolute power, low human rights advantage, and tolerance by other countries, the Chinese Communist Party has transformed China into a giant corporation. Living and working is not a right, but a privilege granted by the party. State-owned firms are business units or subsidiaries, private firms are joint ventures, and foreign firms are franchisees of the party. 'China, Inc.' enjoys the agility of a firm and the vast resources of a state. Meanwhile, foreign firms competing with Chinese firms can find themselves matched against the mighty Chinese state. The Rise of China, Inc. will interest many readers: it will compel business scholars to rethink state-firm relationships; assist multinational business practitioners in formulating effective strategies; aid policy-makers in countering China's expansion; and inform the public of the massive corporate organization China has become, and how democracies can effectively deal with it. [Amazon.com] ; https://digitalcommons.odu.edu/management_books/1009/thumbnail.jpg

This paper is concerned with cronyism and corruption in the Indonesian corporate economy. It employs detailed corporate evidence, verifying the inter-penetration of diverse political, bureaucratic and economic institutions. Although the emphasis is on the 1990s, the historical developments since 1950 within the institutions of the presidency, the military, private Chinese and pribumi corporations, as well as state-owned enterprises, are analysed in detail to identify the sources of this corruption. Equally important are the failures of the bureaucracy, the legal infrastructure, in curtailing corruption and introducing effective corporate governance. The relationship of this spiralling corruption to the 1997 financial crisis is clear. The final section is concerned with the reforms introduced after the crisis. This section also appraises the differences in corporate structures and networks between Western companies and the Indonesian conglomerates, identifying the need for institutional change.

This paper addresses the production of knowledge about highly qualified Chinese working in foreign enterprises in an entangled discourse field. The point of departure for this issue is a critical review of American political scientist Margaret Pearson's (1997) Study "China's new business elite: The political consequences of economic reform", exploring its epistemological and ontological assumptions of investigating the attitudes and behaviors of "China´s new business elite". Furthermore, this paper will also discuss the political-institutional reception conditions under which the knowledge about highly qualified Chinese working in foreign enterprises beyond its US-American production context is transformed into the Chinese discourse on modernization and the middle class. The Chinese interest in this Western scientific knowledge stems less from the necessity of decolonization rather than the appropriation of Western knowledge in order to fit local government´s agenda. Knowledge production of highly qualified Chinese working in MNCs both ways go hand in hand with essentialization and functionalization of the research subject and, disable to recognize the social constructive nature of groups.

Intro -- Contents -- Chapter 1. Introduction: The Overseas Chinese as an Economic Culture -- The Spirit of Capitalism -- A Spirit of Chinese Capitalism? -- Chapter 2. The Sojourners -- Hong Kong, Taiwan, and Singapore -- Indonesia -- The Philippines -- Malaysia -- Thailand -- The Nanyang -- Chapter 3. The Psycho-Social Legacy of China -- Fundamental Beliefs and Values -- Social Structures -- Relationship Rules -- Rules for Action -- Forms of Cognition -- Chapter 4. Seeing Oneself -- Nature of the Data -- Perceptions Surrounding the Self -- Chapter 5. Life in a Networked Society -- Chapter 6. The Institutional Legacy of China -- The Historical Progress of Chinese Business -- The Origins of Defensiveness and Insecurity -- The Anatomy of Paternalism -- The Endurance of Personalism -- Chapter 7. The Chinese Family Business -- The Environment of Business -- The Firm's Internal Structure -- Dilemmas of Growth and/or Stability -- Chapter 8. Society at Large -- Vertical Order -- Pragmatic Cooperation -- Chapter 9. Sources of Efficiency and of Failure -- Vertical Cooperation -- Horizontal Cooperation -- Control -- Adaptiveness -- Chapter 10. The Significance of the Overseas Chinese -- The Overseas Chinese and Western Business -- The Overseas Chinese and China -- Implications for Organization and Management Theory -- Economic Development and the Role of Culture -- Appendix. Methodology for the Study -- References -- Index.

Purpose
This paper aims to investigate whether executive compensation and internal control can prevent overseas compliance risks through the mediating influence of multinational corporation (MNC) legitimacy and the moderating role of institutional distance.


Design/methodology/approach
Based on a law and economics perspective and the "bad apple," the "red barrel" and the "bad cellar" theory of business misconduct, this paper constructs a systematic framework of "compliance motivation MNC legitimacy overseas compliance risk prevention" from the individual, organizational and systematic levels and uses data of Chinese MNCs for empirical analysis.


Findings
Empirical data from Chinese MNCs show that overseas compliance risks are comprehensively affected by the factors of the individual, organizational and systematic levels. Higher executive compensation and internal control will reduce MNCs' overseas compliance risks through MNC legitimacy acquisition; institutional distance hinders the positive effect of internal control on MNC legitimacy and therefore aggravates overseas compliance risks.


Practical implications
This paper contributes to the understanding of the overseas law-abiding and offence behavior of MNCs from a law and economics perspective and offers valuable insights on how to prevent the ever-increasing overseas compliance risks.


Originality/value
Although the literature has analyzed the factors of compliance behavior, they are not interrelated, let alone integrated in a systematic risk prevention framework. This paper applies a law and economic analysis framework to the study of the overseas compliance risks for the first time.