Guest editorial: Institutions, corporate governance and entrepreneurship: a research agenda for Chinese world-class enterprises

• Published in: Chinese management studies Vol. 16; no. 4; pp. 733 - 740
• Main Authors: Dai, Shuanping, Li, Zheng, Li, Jun
• Format: Journal Article
• Language: English
• Published: Bradford Emerald Publishing Limited 01.08.2022; Emerald Group Publishing Limited
• Subjects: Automobiles; Business models; Corporate governance; Entrepreneurship; Globalization; Government subsidies; Growth models; Industrial research; Innovations; Joint ventures; Markets; Product development; R&D; Ranking; Research & development; Stockholders; Technology transfer; China
• ISSN: 1750-614X; 1750-6158; 1750-614X
• DOI: 10.1108/CMS-09-2022-798

The noticeable performance of Chinese companies in the ranking manifests, to some extent, the Chinese government’s initiative to support indigenous firms to become “world-class enterprises” as a shift to an innovation-driven growth model, against the backdrop that international competition is intensified in the world trade and international relationships (Utar and Ruiz, 2013). [...]the world-class is not necessarily the best giant like Microsoft or Apple, but also can be a “hidden champion”. (2022) explored exhibit an opposite case, compared with Nanrui Electric. Since the 1980s, Chinese state-owned automobile firms enjoyed considerable operational advantages and profits, taking the advantage of the joint ventures with the multinational automobile giants that entered the Chinese market under the “technology transfer-market access-exchange” strategy. [...]one may notice the outstanding performance of China’s automobile firms in the various global ranking, if in terms of operational scale and sales.