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Asia Pacific Journal of Management

Erschienen in:

01.09.2011

What is the benefit of TMT’s governmental experience to private-owned enterprises? Evidence from China

verfasst von: Haizhen Wang, Jie Feng, Xinmei Liu, Ruoyong Zhang

Erschienen in: Asia Pacific Journal of Management | Ausgabe 3/2011

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Abstract

In China, the phenomenon of government officials entering business (xiahai)—government officials leave government organizations to enter into private-owned enterprises (POEs)—gives rise to an intriguing question: Why do POEs invite the participation of former government officials? Based on a sample of 100 Chinese POEs, our findings indicate that both the mean number of years of top management team’s (TMT) governmental experience and the number of top managers with governmental experience in a TMT are positively related to a POE’s political networking, which in turn contributes to POE performance. By doing so, this study adds governmental experience to the literature on TMT experience, and identifies the mechanism of governmental experience effect. Overall, we provide an underlying mechanism of the phenomenon of government officials entering business.

Vorheriger Artikel Conformity, political participation, and economic rewards: The case of Chinese private entrepreneurs

Nächster Artikel Flexibility in Japanese internal labour markets: The introduction of performance-related pay

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Titel: What is the benefit of TMT’s governmental experience to private-owned enterprises? Evidence from China
verfasst von: Haizhen Wang
Jie Feng
Xinmei Liu
Ruoyong Zhang
Publikationsdatum: 01.09.2011
Verlag: Springer US
Erschienen in: Asia Pacific Journal of Management / Ausgabe 3/2011
Print ISSN: 0217-4561
Elektronische ISSN: 1572-9958
DOI: https://doi.org/10.1007/s10490-009-9167-y

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