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Article: The Development of Private Enterprise in Contemporary China: Institutional Foundations and Limitations

TitleThe Development of Private Enterprise in Contemporary China: Institutional Foundations and Limitations
Authors
Issue Date2002
PublisherChinese University Press. The Journal's web site is located at http://www.chineseupress.com/asp/JournalList_en.asp?CatID=1&Lang=E&JournalID=9
Citation
The China Review, 2002, v. 2 n. 2, p. 65-91 How to Cite?
AbstractThis paper is an attempt to analyse the rapid development of private enterprises in the reforming era, with particular emphasis on the role of trust. We argue that trust in China, although family centred, has an extraordinary capacity to extend and be network-based. It is this capacity for trust and the shared family ethics and social norms that underlie it which provide new institutions for the growth of the private sector. The concept of trust therefore is further divided into three types, namely, trust in one’s own person, trust in interpersonal relations, and trust in systems, which correspond to three forms of capital, i.e. human capital, relational capital and institutional capital. Based on several reported cases of bankrupted private enterprises, the limitations of these institutions are discussed. These include some common problems that have surfaced among private enterprises, such as the high debt ratio of enterprises, familistic management and the weakness of personal trust.
Persistent Identifierhttp://hdl.handle.net/10722/87518
ISSN
2015 Impact Factor: 0.536
2015 SCImago Journal Rankings: 0.210

 

DC FieldValueLanguage
dc.contributor.authorSun, WBen_HK
dc.contributor.authorWong, SLen_HK
dc.date.accessioned2010-09-06T09:30:49Z-
dc.date.available2010-09-06T09:30:49Z-
dc.date.issued2002en_HK
dc.identifier.citationThe China Review, 2002, v. 2 n. 2, p. 65-91en_HK
dc.identifier.issn1680-2012en_HK
dc.identifier.urihttp://hdl.handle.net/10722/87518-
dc.description.abstractThis paper is an attempt to analyse the rapid development of private enterprises in the reforming era, with particular emphasis on the role of trust. We argue that trust in China, although family centred, has an extraordinary capacity to extend and be network-based. It is this capacity for trust and the shared family ethics and social norms that underlie it which provide new institutions for the growth of the private sector. The concept of trust therefore is further divided into three types, namely, trust in one’s own person, trust in interpersonal relations, and trust in systems, which correspond to three forms of capital, i.e. human capital, relational capital and institutional capital. Based on several reported cases of bankrupted private enterprises, the limitations of these institutions are discussed. These include some common problems that have surfaced among private enterprises, such as the high debt ratio of enterprises, familistic management and the weakness of personal trust.-
dc.languageengen_HK
dc.publisherChinese University Press. The Journal's web site is located at http://www.chineseupress.com/asp/JournalList_en.asp?CatID=1&Lang=E&JournalID=9en_HK
dc.relation.ispartofThe China Reviewen_HK
dc.titleThe Development of Private Enterprise in Contemporary China: Institutional Foundations and Limitationsen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=1680-2012&volume=2 no 2 &issue=Fall 2002&spage=65&epage=91&date=2002&atitle=The+Development+of+Private+Enterprise+in+Contemporary+China:+Institutional+Foundations+and+Limitations+en_HK
dc.identifier.emailSun, WB: wbsun@hku.hken_HK
dc.identifier.emailWong, SL: slwong@hkucc.hku.hken_HK
dc.identifier.authorityWong, SL=rp00881en_HK
dc.identifier.hkuros75652en_HK
dc.identifier.volume2-
dc.identifier.issue2-
dc.identifier.spage65-
dc.identifier.epage91-
dc.publisher.placeHong Kong-

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