The nature, institutional foundations, and issues surrounding the
apparent success of Chinese business networks is examined in this
book. Major concepts such as guanxi, xinyong and gangqing,
exploring the nature of trust, relationships and sentiments in
Chinese business networks, are re-examined. A significant amount of
literature has been devoted to the study of Chinese business, and
it largely falls into two broad schools: the culturalist approach,
arguing for an essentialist formulation to explain success and the
market approach, suggesting that there is nothing inherently unique
about Chinese business. This book critiques both these approaches
and argues, based on primary data collected in various countries,
and with case studies of a large number of Chinese businesses, that
another approach, the institutional embedded approach, provides a
better explanation for the success, and failure of Chinese business
and Chinese business networks.
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