Purpose – To test the effects of ownership structure on the strategy and performance of former state‐owned enterprises (SOEs) in China. Design/methodology/approach – Based on a sample of the former state‐owned manufacturing firms listed on the Chinese Stock Exchanges before 1995, we...

One of the most important cultural values in Chinese societies is family‐oriented collectivism. This cultural value has had much impact on the structures and strategies of overseas Chinese firms. Influenced by this cultural value, traditional Chinese firms prefer family ownership and stress...