Corporate governance failure and contingent political resources in transition economies: A longitudinal case study

Pei Sun; Kamel Mellahi; Guy S. Liu

doi:10.1007/s10490-009-9184-x

Corporate governance failure and contingent political resources in transition economies: A longitudinal case study

Pei Sun, Kamel Mellahi, Guy S. Liu

Research output: Journal Publication › Article › peer-review

36 Citations (Scopus)

Abstract

This paper explores the dynamic relationship between politicians and entrepreneurs in the governance of business organizations in transition China. A longitudinal case study of Kelon (1984-2001), a product of politician-entrepreneur alliance in China's household appliance sector, reveals how certain political resources that once assisted the entrepreneurs in creating competitive advantages in transition economies may turn into political liabilities during the course of institutional transition. Drawing upon the resource-based view (RBV) of the firm, the rent appropriation literature, and the agency theory, this paper sheds light on the contingent impacts of political resources on corporate governance and firm performance in transition economies.

Original language	English
Pages (from-to)	853-879
Number of pages	27
Journal	Asia Pacific Journal of Management
Volume	28
Issue number	4
DOIs	https://doi.org/10.1007/s10490-009-9184-x
Publication status	Published - Dec 2011
Externally published	Yes

Keywords

Agency theory
China
Corporate governance
Political resources
Resource-based view
Transition

ASJC Scopus subject areas

Business and International Management
Economics, Econometrics and Finance (miscellaneous)
Strategy and Management

Access to Document

10.1007/s10490-009-9184-x

Cite this

@article{9c5d58028dd24ec486c403539d27e983,

title = "Corporate governance failure and contingent political resources in transition economies: A longitudinal case study",

abstract = "This paper explores the dynamic relationship between politicians and entrepreneurs in the governance of business organizations in transition China. A longitudinal case study of Kelon (1984-2001), a product of politician-entrepreneur alliance in China's household appliance sector, reveals how certain political resources that once assisted the entrepreneurs in creating competitive advantages in transition economies may turn into political liabilities during the course of institutional transition. Drawing upon the resource-based view (RBV) of the firm, the rent appropriation literature, and the agency theory, this paper sheds light on the contingent impacts of political resources on corporate governance and firm performance in transition economies.",

keywords = "Agency theory, China, Corporate governance, Political resources, Resource-based view, Transition",

author = "Pei Sun and Kamel Mellahi and Liu, {Guy S.}",

year = "2011",

month = dec,

doi = "10.1007/s10490-009-9184-x",

language = "English",

volume = "28",

pages = "853--879",

journal = "Asia Pacific Journal of Management",

issn = "0217-4561",

publisher = "Springer New York",

number = "4",

}

TY - JOUR

T1 - Corporate governance failure and contingent political resources in transition economies

T2 - A longitudinal case study

AU - Sun, Pei

AU - Mellahi, Kamel

AU - Liu, Guy S.

PY - 2011/12

Y1 - 2011/12

N2 - This paper explores the dynamic relationship between politicians and entrepreneurs in the governance of business organizations in transition China. A longitudinal case study of Kelon (1984-2001), a product of politician-entrepreneur alliance in China's household appliance sector, reveals how certain political resources that once assisted the entrepreneurs in creating competitive advantages in transition economies may turn into political liabilities during the course of institutional transition. Drawing upon the resource-based view (RBV) of the firm, the rent appropriation literature, and the agency theory, this paper sheds light on the contingent impacts of political resources on corporate governance and firm performance in transition economies.

AB - This paper explores the dynamic relationship between politicians and entrepreneurs in the governance of business organizations in transition China. A longitudinal case study of Kelon (1984-2001), a product of politician-entrepreneur alliance in China's household appliance sector, reveals how certain political resources that once assisted the entrepreneurs in creating competitive advantages in transition economies may turn into political liabilities during the course of institutional transition. Drawing upon the resource-based view (RBV) of the firm, the rent appropriation literature, and the agency theory, this paper sheds light on the contingent impacts of political resources on corporate governance and firm performance in transition economies.

KW - Agency theory

KW - China

KW - Corporate governance

KW - Political resources

KW - Resource-based view

KW - Transition

UR - http://www.scopus.com/inward/record.url?scp=78751569206&partnerID=8YFLogxK

U2 - 10.1007/s10490-009-9184-x

DO - 10.1007/s10490-009-9184-x

M3 - Article

AN - SCOPUS:78751569206

SN - 0217-4561

VL - 28

SP - 853

EP - 879

JO - Asia Pacific Journal of Management

JF - Asia Pacific Journal of Management

IS - 4

ER -

Corporate governance failure and contingent political resources in transition economies: A longitudinal case study

Abstract

Keywords

ASJC Scopus subject areas

Access to Document

Other files and links

Fingerprint

Cite this