Unfolding China’s state-owned corporate empires and mitigating agency hazards: Effects of foreign investments and innovativeness

• Main Authors: Zhu, John Jian Jun, Tse, Caleb H., Li, Xu
• Other Authors: Nanyang Business School
• Format: Article
• Language: English
• Published: 2020
• Subjects: Business::Finance::Investments; Empire Building; Agency Hazards
• Online Access: https://hdl.handle.net/10356/144463
• Institution: Nanyang Technological University

Integrating agency and institutional perspectives, we describe how China’s socio-political institutions create state-owned corporate empires with unique agency conflicts. We develop a framework demonstrating how economically unjustified firm expansion, i.e. empire building, mediates the relationship...