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Implementation of Corporate Governance and Class Formation in Chinese Workplaces: Managers and Workers Against State-Led Marketization |
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Abstract:
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In the context of economic transition, deliberate institutional engineering rarely achieves the intended “market equilibrium,” but more often than not begets new sources of instability. It is precisely in the management of these instabilities that nations head toward different trajectories of capitalism. This essay illustrates this process of dynamic institutional disequilibrium through examining a “reorganization episode” – the introduction of Western corporate governance structures in Chinese oilfields and refineries in 1998-2000. I suggest that institutional failures at the firm level stem not from static inefficiency, but from dynamic factors relating to the formal-informal interplay hypothesized by Douglass North. I provide an overview of the formal corporate form and governance structure imposed by Beijing on the state-owned enterprises, then show the failures of these formal institutions due to informal behavioral adaptation by managers and workers who struggle to cope with the dismantling of the socialist moral economy. |
Most Common Document Word Stems:
manag (80), institut (72), worker (58), compani (46), target (46), formal (41), noncor (40), state (38), list (36), financi (36), corpor (36), core (36), oil (35), unit (35), cost (35), contract (34), inform (34), oilfield (32), 000 (32), restructur (30), enterpris (28), |
Author's Keywords:
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market transition, economic institutions, corporate governance, China, class politics |
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Association:
Name: American Political Science Association URL: http://www.apsanet.org
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Citation:
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MLA Citation:
| Lin, Kun-Chin. "Implementation of Corporate Governance and Class Formation in Chinese Workplaces: Managers and Workers Against State-Led Marketization" Paper presented at the annual meeting of the American Political Science Association, Philadelphia Marriott Hotel, Philadelphia, PA, Aug 27, 2003 <Not Available>. 2008-10-10 <http://www.allacademic.com/meta/p64188_index.html> |
APA Citation:
| Lin, K. , 2003-08-27 "Implementation of Corporate Governance and Class Formation in Chinese Workplaces: Managers and Workers Against State-Led Marketization" Paper presented at the annual meeting of the American Political Science Association, Philadelphia Marriott Hotel, Philadelphia, PA Online <.PDF>. 2008-10-10 from http://www.allacademic.com/meta/p64188_index.html |
Publication Type: Conference Paper/Unpublished Manuscript Review Method: Peer Reviewed Abstract: In the context of economic transition, deliberate institutional engineering rarely achieves the intended “market equilibrium,” but more often than not begets new sources of instability. It is precisely in the management of these instabilities that nations head toward different trajectories of capitalism. This essay illustrates this process of dynamic institutional disequilibrium through examining a “reorganization episode” – the introduction of Western corporate governance structures in Chinese oilfields and refineries in 1998-2000. I suggest that institutional failures at the firm level stem not from static inefficiency, but from dynamic factors relating to the formal-informal interplay hypothesized by Douglass North. I provide an overview of the formal corporate form and governance structure imposed by Beijing on the state-owned enterprises, then show the failures of these formal institutions due to informal behavioral adaptation by managers and workers who struggle to cope with the dismantling of the socialist moral economy. |
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| Document Type: |
.PDF |
| Page count: |
35 |
| Word count: |
10457 |
| Text sample: |
| Implementation of Corporate Governance and Class Formation in Chinese Workplaces: Managers and Workers against State-Led Marketization by Kun-Chin Lin Political Science UC Berkeley Postdoctoral Fellow University of Notre Dame Kklin@uclink.berkeley.edu Prepared for delivery at the 2003 Annual Meeting of the American Political Science Association August 28 - August 31 2003. Copyright by the American Political Science Association. Please do not cite or distribute without the author’s expressed permission. I. Introduction A general consensus among neo-institutional economists sociological institutionalists and |
| Capitalism” in American Journal of Sociology 101(4): 993-1027. Steinmo S. K. Thelen and Frank Longstreth eds. 1992. Structuring Politics: Historical Institutionalism in Comparative Analysis. New York NY: Cambridge University Press. Stiglitz Joseph E. 1991. “Symposium on Organizations and Economics” in The Journal of Economic Perspectives 5(2): 15-24. Walder Andrew G. 1986. Communist Neo-Traditionalism. Berkeley CA: UCB Press. Woodruff David M. 1999. Money Unmade: Barter and the Fate of Russian Capitalism. Ithaca NY: Cornell University Press. Yang Mayfair Mei-hui. 1994. |
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