Corporate China 2.0
ISBN:
9781137603715
Auflage:
1st ed. 2016
Verlag:
Palgrave Macmillan US
Land des Verlags:
Vereinigte Staaten
Erscheinungsdatum:
24.12.2016
Format:
Hardcover
Seitenanzahl:
243
Lieferung in 5-10 Werktagen
Versandkostenfrei ab 40 Euro in Österreich
This book argues that that the rise of great firms - those with sustainable high return on invested capital (ROIC) - will lay the foundation for China’s successful economic transformation. Drawn from the author’s research on corporate finance and the Chinese economy, the author maintains that being big could be easy but means little for corporate China, especially in the context of China’s transition from an investment-led economy to an efficiency-driven one. The work discusses both internal and external impediments that lead to lack of great companies in China and suggests institutional conditions which foster the rise of great companies in China, including, reversing the government’s obsession with GDP, reforming the financial system, and promoting entrepreneurship. Policy makers, investors, corporate executives, and MBA students and scholars will appreciate case studies of Huawei, Alibaba, Xiaomi, and Lenovo, among others, that illustrate the endeavors made by Chinese entrepreneurs at the grassroots level and highlight what makes successful companies in China.
Schlagwörter
Biografische Anmerkung
Qiao Liu is Professor of Finance and Associate Dean for the EMBA program in the Guanghua School of Management, Peking University, China. Formerly, he was a corporate finance expert at McKinsey. He has published numerous articles at leading academic journals including Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Management Science, Journal of Accounting Research, and Economic Journal. He is co-author of the book Finance in Asia: Institutions, Regulation and Policy.
