The Influence Factors of the Incentive Mechanism of Chinese Enterprises‘ Horizontal Integration

Article Preview

Abstract:

In the process of Chinese enterprises horizontal integration, it is the key factor affecting the effects of integration that the choices of the incentive mechanisms between parent-subsidiary companies, which is also a hot issue urgently to be solved in present practice and theory. This paper analyzes these factors that influence choices of the incentive mechanism in horizontal integration, respectively from perspectives of the institutional environment, industrial environment, enterprise managerial tradition and managers cognition. It also puts forward the research model of the factors influencing choices of Chinese enterprises incentive mechanism, in order to guide enterprises‘ horizontal integration practices in our country.

You might also be interested in these eBooks

Info:

Periodical:

Pages:

2434-2439

Citation:

Online since:

September 2013

Export:

Price:

Permissions CCC:

Permissions PLS:

Сopyright:

© 2013 Trans Tech Publications Ltd. All Rights Reserved

Share:

Citation:

[1] Lan Hailin, Song Tiebo, Zeng Ping. An examination of context theorization based on Chinese corporate strategic management practices. Chinese journal of management, 2012, 9(1) : 12-16.

Google Scholar

[2] Lan Hailin, Pi Shenglei. On strategic choices of Chinese corporation under dual-condition of economic globalization and market fragmentation. Chinese journal of management, 2011, 1(8): 1107-114.

Google Scholar

[3] Lan Hailin, Li Tieying, Huang Manli. The next target of the economic reform: promoting enterprises and unifying the market. Economist, 2011, 1 : 99-101.

Google Scholar

[4] Subhani Muhammad Imtiaz, Hasan Syed Akif, Nayaz Muhammad, Osman Amber. Bye to Vertical Integration and Welcome to the Horizontal Integration in the Textile Business. International Research Journal of Finance & Economics, 2012, 98(9): 139-144.

Google Scholar

[5] Hongbin Cai, Ichiro Obara. Firm Reputation and horizontal integration. RAND Journal of Economics, 2009, 40(2): 340-363.

DOI: 10.1111/j.1756-2171.2009.00068.x

Google Scholar

[6] Patrick R. Parsons. Horizontal Integration in the Cable Television Industry: History and Context. The Journal of Media Economics, 2003, 16(1): 23-40.

DOI: 10.1207/s15327736me1601_3

Google Scholar

[7] Zhang Shujun. Research on integrate and evaluate of value chain of the alliances company. Dissertation for the doctoral degree in management. Harbin Institute of Technology. 2008. 10.

Google Scholar

[8] Li Tieying. Research on the choice of managerial pattern of horizontal integration in Chinese enterprises. Dissertation for the doctoral degree in management. South china university of Technology. 2011. 6.

Google Scholar

[9] Qiao Jingjing. Value creation of corporate headquarters with horizontal integration: research based on market fragmentation. Dissertation for the master degree in management. South china university of Technology. 2011. 6.

Google Scholar

[10] Cheng Guoping. Managers' motivation - theory, scheme and system. Economic management press. 2002 : 47.

Google Scholar

[11] Williamson, O., Transaction-Cost Economic: The Governance of Contractual Relations , Journal of Law and Economics, 1979, 22(2).

Google Scholar

[12] Williamson, Oliver E., The New Institutional Economics: Taking Stock, Looking Ahead. Journal of Economic Literature, 2000, 38(3): 595-613.

DOI: 10.1257/jel.38.3.595

Google Scholar

[13] La Porta, R., F. Lope-de-Silanes, A. Shleifer and R. W. Vishny. Investor Protection and Corporate Governance. Journal of Financial Economics, 2000 (58).

DOI: 10.1016/s0304-405x(00)00065-9

Google Scholar

[14] Xin Qingquan, Tan Weiqiang. Market-oriented reform, firm performance and executive compensation in Chinese state-owned enterprises. Economy Research, 2009 (11): 68-81.

Google Scholar

[15] Zhou Jian, Fang Gang, Liu Xiaoyuan. Research for the impact of institutional environments and corporate governance on firm competitive advantage: based on empirical evidence of listed companies in China. Nankai Business Review. 2009, 12(5): 18-27.

Google Scholar

[16] Li Xiangrong. Research on the selection of state-owned enterprises governance mechanism under the constraints of institutional environment. Dissertation for the doctoral degree in management. Zhejiang industry and commerce university. 2009. 5.

Google Scholar

[17] Shen Hongbo, Pan Fei, Gao Xinzi. Institution environment and the incentive effects of managerial ownership. China Industrial Economics. 2012, 8(8): 96-108.

Google Scholar

[18] George S. Yip. Global Strategy in a World of Nations? Sloan Management Review, Fall 1989: 29-41.

Google Scholar