Within transition economies, a popular tactic for revitalizing large and inefficient stateowned enterprises (SOEs) is to privatize them. Unfortunately, the empirical evidence related to this issue is equivocal. This study, therefore, explores more deeply what the relationship may be between...

"It would be an understatement to say that the fate of Mercedes-Benz in China has undergone drastic changes over the past 50 years. In Mao's China in the 1970s, Mercedes cars were a rarity, and only the very top government officials rode in them. During that period, my family and I lived in a...

Leveraging its absolute power, low human rights advantage, and tolerance by other countries, the Chinese Communist Party has transformed China into a giant corporation. Living and working is not a right, but a privilege granted by the party. State-owned firms are business units or subsidiaries,...

Manuscript Type: Perspective Research Question/Issue: Relation-based governance has helped China to achieve rapid economic growth in its early stage; however, continuing to rely on it may hinder China’s further development. The research question is: given China’s cultural heritage and other...