Turnaround in East Asian firms: Evidence from ethnic Overseas Chinese communities

• 成果类型: Review
• 署名作者: Bruton, GD; Ahlstrom, D; Wan, JCC
• 署名单位: Texas Christian University; Chinese University of Hong Kong; Chinese University of Hong Kong
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.312
• 发表日期: 2003
• 页码: 519-540
• 关键词: turnaround; East Asia; Chinese culture; INSTITUTIONAL THEORY

摘要

Research done primarily in the United States has shown that firms in decline enjoy better odds of returning to health when strong measures are taken. The culture of the Overseas Chinese of East Asia has helped to shape the region's prior commercial success but it also impacts responses to firm decline and turnaround. This research provides the first empirical investigation of the turnaround strategies of Overseas Chinese firms in East Asia. The evidence gathered shows that the utility of the predominantly U.S. model of firm turnaround has limits in East Asia. In particular, the role of strong owner-managers and the importance of relationships among business people constrain the applicability of prior U.S. research to East Asia. Copyright (C) 2003 John Wiley Sons, Ltd.