The development of entrepreneurship and a private business sector in China pose various challenges to analysis. On the one hand, neo-classically based New Institutional Economics aims to find evidence that long-term investment and long-term commitment in and around firms can not be expected...

Moral outrage was the response of the Chinese press, when Cheng Kejie, one of the country's highest officials, Vice-Chairman of the Standing Committee of the National People's Congress (NPC) and former Governor of the Guangxi Zhuang Autonomous Region, was arrested on grounds of corruption on 25...

The literature on transaction costs concentrates on established firms in established markets, while the literature on industrial ecology concentrates on new firms in given markets. It is contested in the following that the picture looks differently if the analysis concentrates on establishing...

It seldom happens that new firms, new industries, and new business systems need to be developed simultaneously. This, however, is the situation in transition economies such as China. Irrespective of product and technology used, incentives and governance structures need to be formulated that give...

Die ?konomie ist so kultur- wie geschichtslos. Das ist ihre St?rke, vermag sie doch deshalb Gemeinsamkeiten auch dort zu entdecken, wo Historiker, Anthropologen, und nicht zuletzt die Bewohner eines Landes, Einzigartigkeit beanspruchen. Es ist auch ihre Schw?che, weil nur das sein kann, was...

Although technology transfer in Sino-foreign joint ventures has been extensively investigated by both of Chinese and Western scholars, China's WTO accession and continuously increased FDI absorption will significantly accelerate the competitiveness in Chinese market. Accordingly, MNCs are...

How are Asian countries preparing children to have skills—including creativity, innovation, and technical capability—to compete in the 21st Century global economy? Countries including China, Korea, Japan and Singapore have begun to integrate education policy and practice into a key component...

The purpose of this paper is to describe the development of China’s science and technology, their related institutions and use in the business world since the reforms started in 1978. Special attention will be given to the re-integration of high-technology into the private sector and the...

We analyze how the product market competition shock due to China’s WTO entry affects local US banks heterogeneously. Using a difference-in-differences empirical strategy, we document that in regions with greater exposure to the shock, loan quality deteriorates and bank profitability declines...