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IBUS6020
THEORETICAL FOUNDATIONS AND OVERVIEW OF MAJOR THEMES
1. Neo-institutional theory - interdependence of institutions and organisations and the role
of formal and informal institutions
2. Central - local government interaction and local government - enterprise interaction
3. Strategic tripod of a) resource/firm-based view (BMC), b) industry/market based view
and c) institutional perspective
4. Globalisation of Chinese enterprises: retrospective and agenda (Buckley 2018)
CLASS TOPICS CONTENT CONCEPTS and TOOLS
Theme 1 Chinese enterprises: External institutional environment
Enterprise
management
Market and enterprises, what
motivates enterprises, what motivates
governments
Using the strategy tripod to
differentiate between enterprise,
market and institutions, use of BMC
and PESTLE analysis
Business
Networks
What is the economic rationale for
business networks? How do they
reconfigure assets and combine
exploitation and explorations of
assets?
Informality of networks, interaction
with shareholders and stakeholders,
formal and informal aspects,
governance of networks
Local
embeddedness of
enterprises
How are local firm linked to other
firms, markets and governments?
What partners do they need to rely
on? How do these substitute legal
structures?
Firm based view, market based view
and institutional view; Porter’s Five
Forces analysis and institutional
PESTLE analysis
Government-
enterprise
interaction
How do enterprises depend on their
local government? How is this
different for SOEs and private
enterprises?
Path dependence, stakeholder
analysis, market analysis, local
government competition, two-way
incentives
Theme 1 Chinese enterprises in their domestic institutional environment
Theme 2 Chinese enterprises: Internal institutional environment
Corporate
Governance (CG)
Different external and Internal CG in
China and West, government
enforcement of CG, protection of
shareholders, related party dealings
Principal - agent and principal-
principal conflict. External and
internal CG, role of governments
Innovation What factors have made China’s
enterprises innovative? How does
ownership stimulate technological
innovation? What is the role of
markets and governments?
Institutional analysis: what support
and incentives for innovation apply
to different types of firms, market
analysis – what role do markets
play? How is innovation funded?
Digitalisation and
e-commerce
Drivers and role of digitalisation;
digitalisation and competitiveness,
China’s e-commerce
Technological change,
organisational change; digital
ecosystem
Human
Resources
Management
(HRM)
Chinese HRM traditions and
innovations; differences and
contradictions between Chinese and
Western HRM traditions.
Institutional analysis for state-based
HRM, career planning, incentives,
remuneration, staff retention.
Theme 3 Chinese enterprises: Global institutional environment
FDI in China Different and changing motivations for
foreign enterprises to invest in China,
institutional and market barriers,
integration of China in Global Value
Chains (GVC)
Value chain analysis,
internationalisation theories, Upsala
model
Chinese ODI in
overseas markets
Different motivations for outbound
investment, institutional and market
barriers, compensating for lack of
competitive advantages
Different ODI theories and
explanations, OLI, Springboard
theory, traditional and non-
traditional entry strategies
Globalisation and
deglobalisation
Aspects of and reasons for
deglobalisation; different meanings of
deglobalisation
Global value chains, outsourcing,
onshoring, separating commercial
and political factors
Corporate Social
Responsibility
(CSR)
Western and Chinese CSR traditions,
evolution of CSR from philanthropy to
shared values, the role of the state in
CSR
Social Licence to Operate in
domestic and international markets,
state-based CSR and corporate CSR,
CSR and sustainability
Special topics
Belt and Road
Initiative (BRI)
Commercial role of BRI China’s globalisation and
reglobalisation
Corporate
Governance (CG)
Links between formal/informal and
internal/external CG in China
Internal and external CG
Rule of Law and
institutional
security
Private ordering as substitute for
formal law
Different approaches to Rule of Law
Interjurisdictional
competition
Coexistence of local government
competition and market competition
Central local government relation
and local autonomy
Dual leadership Formal and informal coordination of
bureaucracies
Institutional explanation of
government flexibility and
informality
Technology
transfer
History of technology transfer,
commercial technology transfer, legal
reforms against forced technology
transfer
Historical and legal background,
commercial solutions
FDI in China Role of pilot projects, reciprocity
between FDI and ODI
Legal regulation in different
countries.