Is Entrepreneur-Politician Alliance Sustainable During Transition? The Case of Management Buyouts in China

被引：41

作者：

Sun, Pei ^{[1
]}

Wright, Mike ^{[2
]}

Mellahi, Kamel ^{[3
]}

机构：

[1] Fudan Univ, Sch Management, Shanghai, Peoples R China

[2] Univ Nottingham, Ctr Management Buyout Research, Nottingham NG7 2RD, England

[3] Univ Sheffield, Management Div, Sch Management, Sheffield S10 2TN, S Yorkshire, England

来源：

MANAGEMENT AND ORGANIZATION REVIEW | 2010年 / 6卷 / 01期

关键词：

China; entrepreneurs; management buyout (MBO); rent appropriation; transition; RESOURCE-BASED VIEW; VILLAGE ENTERPRISES; PROPERTY-RIGHTS; RURAL INDUSTRY; PRIVATE FIRMS; PERFORMANCE; STRATEGY; PRIVATIZATION; TOWNSHIP; ORGANIZATION;

D O I：

10.1111/j.1740-8784.2009.00157.x

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

P>This article explores the dynamic interactions between entrepreneurs and politicians in transitional China through the lens of management buyouts. Specifically, we identify two contrasting outcomes of entrepreneur-politician alliances: privatization buyouts by entrepreneurs implying sustainable original alliances and failed management buyouts implying the collapse of the original alliances. Drawing on the rent appropriation literature, we treat Chinese management buyouts as bargaining, clarification, and redistribution of organizational rent between entrepreneurs and the government agencies represented by local politicians. We further develop a model of entrepreneur-politician bargaining that identifies the determinants of varying rent bargaining and management buyout outcomes.

引用

页码：101 / 121

页数：21

共 62 条

[1] Learning from successful local private firms in China: Establishing legitimacy [J].