The Theory of the Firm and Chinese Enterprise Reform: The Case of China International Trust and Investment Corporation, 1st Edition (e-Book) book cover

The Theory of the Firm and Chinese Enterprise Reform

The Case of China International Trust and Investment Corporation, 1st Edition

By Xiao Qin


224 pages

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pub: 2014-08-15
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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, 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.

Table of Contents

Dedication List of tables List of diagrams Endorsements Kenneth Lieberthal, Lord Roll of Ipsden, Susan L. Shirk and Barry Naughton Introduction Peter Nolan Foreword Wu Jinglian Preface Masahiko Aoki 1. Introduction 2. Overview of the Literature 3. The Establishment of 'Substitution Function Model' and the Study of the Relevant Variables 4. CITIC Story: case study 5. Conclusion Appendix References Index

About the Series

Routledge Studies on the Chinese Economy

The primary aim of this series is to publish original, high quality, research-level work, by both new and established scholars in the West and East, on all aspects of the Chinese economy, including studies of business and economic history. Works of synthesis, reference books and edited collections will also be considered. Submissions from prospective authors are welcomed.

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Subject Categories

BISAC Subject Codes/Headings:
SOCIAL SCIENCE / Ethnic Studies / General
SOCIAL SCIENCE / Regional Studies