Before taking advantage of the growing opportunities of the Chinese market, investors will do well to understand the strong influence of Chinese culture on the way businesses operate, how they govern themselves, and how they interact with each other. The author (David Smith) identifies two key cultural and sociological issues of particular interest guanxi (relationships and networks) and mianzi (face). He analyzes their most common implications for investors in areas such as related-party transactions, board composition and deliberations, and shareholder engagement.
Detalhes
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Autor
Smith, David
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Data do documento
2012/09/01
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TIpo de documento
Informativo
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No. do relatório
72692
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Nº do volume
1
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Total Volume(s)
1
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País
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Região
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Data de divulgação
2012/09/19
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Disclosure Status
Disclosed
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Nome do documento
Guanxi, mianzi, and business : the impact of culture on corporate governance in China
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Palavras-chave
corporate governance;Board of Executive Directors;principles of corporate governance;Communist Party of China;sale of a business;corporate governance reform;business partner;owner of enterprise;global private sector;engine of growth;international economic integration;ownership of corporation;barrier to entry;global capital market;corporate social responsibility;board of supervisor;corporate governance principle;international corporate governance;international consumer market;sale of property;independent third party;business relationship;parent company;interpersonal relationship;stock exchange;Company Law;executive board;
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