Unfolding China’s state-owned corporate empires and mitigating agency hazards: Effects of foreign investments and innovativeness
Abstract
Integrating agency and institutional perspectives, we describe how China’s socio-political institutions create state-owned corporate empires with unique agency conflicts. We develop a framework demonstrating how economically unjustified firm expansion, i.e. empire building, mediates the relationship between state ownership and performance. We uncover the instrument in empire building and appropriate corporate governance and strategic management...
Paper Details
Title
Unfolding China’s state-owned corporate empires and mitigating agency hazards: Effects of foreign investments and innovativeness
Published Date
Apr 1, 2019
Journal
Volume
54
Issue
3
Pages
191 - 212
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