1. Domestic Market and ForeignMarketIt is a new reality that China’s domesticmarket has been increasinglyinternationalized after China’s entering intothe WTO. However, most Chineseenterprises have no strength now to...1. Domestic Market and ForeignMarketIt is a new reality that China’s domesticmarket has been increasinglyinternationalized after China’s entering intothe WTO. However, most Chineseenterprises have no strength now to competewith top corporations in the world, andremain difficult to stand firmly even theyhave gone outside of China due to a lot ofsevere non-tariff barriers. Therefore, Chineseenterprises should attach more importanceto domestic market in recent period, in orderto survive themselves at first. The展开更多
Finding successors for private enterprises has become an urgent problem in recent years, partially because those firms＇ owners lack trust in professional managers. Previous research on agents focuses on preventing op...Finding successors for private enterprises has become an urgent problem in recent years, partially because those firms＇ owners lack trust in professional managers. Previous research on agents focuses on preventing opportunistic behavior and neglects the value of their entrepreneurship. In our research, professional managers＇ credit is divided into three dimensions： personal credit, professional credit and operational credit. Using a sample of 379 firm owners from 27 provinces in China, we find that credit and its detailed dimensions are positively related to private owners＇ trust in professional managers. We also found that a rigorous and effective credit identification mechanism positively moderate the above relationships. Furthermore, trust affects professional managers＇ work performance in a positive way. Accordingly, we advise that （1） professional managers＇ credit assessment system should be established and improved; （2） professional managers and enterprise owners should attach importance to enhancing professionalism and promoting rigorous credit identification mechanisms; （3） the closed-loop of the credit-trust psychologically interactive mechanism based on credit mechanisms and credit identification mechanisms should be put to use.展开更多
文摘1. Domestic Market and ForeignMarketIt is a new reality that China’s domesticmarket has been increasinglyinternationalized after China’s entering intothe WTO. However, most Chineseenterprises have no strength now to competewith top corporations in the world, andremain difficult to stand firmly even theyhave gone outside of China due to a lot ofsevere non-tariff barriers. Therefore, Chineseenterprises should attach more importanceto domestic market in recent period, in orderto survive themselves at first. The
文摘Finding successors for private enterprises has become an urgent problem in recent years, partially because those firms＇ owners lack trust in professional managers. Previous research on agents focuses on preventing opportunistic behavior and neglects the value of their entrepreneurship. In our research, professional managers＇ credit is divided into three dimensions： personal credit, professional credit and operational credit. Using a sample of 379 firm owners from 27 provinces in China, we find that credit and its detailed dimensions are positively related to private owners＇ trust in professional managers. We also found that a rigorous and effective credit identification mechanism positively moderate the above relationships. Furthermore, trust affects professional managers＇ work performance in a positive way. Accordingly, we advise that （1） professional managers＇ credit assessment system should be established and improved; （2） professional managers and enterprise owners should attach importance to enhancing professionalism and promoting rigorous credit identification mechanisms; （3） the closed-loop of the credit-trust psychologically interactive mechanism based on credit mechanisms and credit identification mechanisms should be put to use.
