Oscillating between a relationship-based and a market-based model: The Salim Group

Asia Pacific Journal of Management

Volumn 23, Issue 4, 2006, Pages 521-536

  Dieleman, Marleen ^a   Sachs, Wladimir ^b  

^a LEIDEN UNIVERSITY   (Netherlands)

^b RENNES SCHOOL OF BUSINESS   (France)

Author keywords

Crony capitalism; Oscillatory dynamics; Salim Group

Indexed keywords

EID: 33846020885     PISSN: 02174561     EISSN: 15729958     Source Type: Journal    
DOI: 10.1007/s10490-006-9019-y     Document Type: Article

References (72)

1. Ahlstrom, D., Young, M. N., Chan, E. S., & Bruton, G. D. 2004. Facing constraints to growth? Overseas Chinese entrepreneurs and traditional business practices in East Asia. Asia Pacific Journal of Management, 21: 263-285.
2. Backman, M. 1999. Asian eclipse: Exposing the dark side of business in Asia. Singapore: Wiley.
3. Bradach, J. L. 1997. Using the plural form in the management of restaurant chains. Administrative Science Quarterly, 42: 276-303.
4. Brown, S. L., & Eisenhardt, K. M. 1997. The art of continuous change: Linking complexity theory and time-paced evolution in relentlessly shifting organizations. Administrative Science Quarterly, 42: 1-34.
5. Butler, J. E., Brown, B., & Chamornmarn, W. 2003. Informational networks, entrepreneurial action and performance. Asia Pacific Journal of Management, 20: 151-174.
6. Camey, M. 2004. The institutions of industrial restructuring in Southeast Asia. Asia Pacific Journal of Management, 21: 171-188.
7. Camey, M. 2005. Globalization and the renewal of Asian business networks. Asia Pacific Journal of Management, 22: 337-354.
8. Casella, A. 1999. Informal barriers to trade: The role of networks. Paper prepared for Annual Bank Conference on Development Economics.
9. Chan, K. B. (Ed.). 2000. Chinese business networks, state, economy and culture. Singapore: Prentice Hall.
10. Chirot, D., & Reid, A. 1997. Essential outsiders: Chinese and Jews in the modern transformation of Southeast Asia and Central Europe. Seattle: University of Washington Press.
11. Crawford, D. 2000. Chinese capitalism: Cultures, the Southeast Asian region and economic globalisation. Third World Quarterly, 21(1): 69-86.
12. Crouch, H. 1978. The army and politics in Indonesia. Cornell University Press.
13. Davies, H., & Ma, C. 2003. Strategic choice and the nature of the Chinese family business: An exploratory study of the Hong Kong watch industry. Ithaca, NY: Cornell University Press. Organization Studies, 24 (9): 1405-1435.
14. Delios, A., & Beamish, P. W. 1999. Geographic scope, product diversification, and the corporate performance of Japanese firms. Strategic Management Journal, 20: 711-727.
15. Dick, H. 1985. Survey of recent developments. Bulletin of Indonesian Economic Studies, XXI(3): 1-29, December.
16. Dieleman, M. 2006. The Salim Group: The art of strategic flexibility. Asian Case Research Journal, 10(1): 1-25.
17. Douw, L. M., Huang, C., & Godley, M. R. (Eds.). 1999. Qiaoxiang ties: Interdisciplinary approaches to 'cultural capitalism ' in South China. London: Kegan Paul.
18. Dumont, L. 1966. Homo hiérarchicus, essai sur le système des castes. Paris: Bibliothèque des Sciences Humaines, Editions Gallimard.
19. East Asia Analytical Unit. 1995. Overseas Chinese business networks in Asia. Australia: Department of Foreign Affairs and Trade.
20. Elson, R. E. 2001. Suharto, a political biography. Cambridge: Cambridge University Press.
21. Godley, M. R., & Lloyd, G. J. (Eds.). 2001. Perspectives on Chinese Indonesians. Adelaide: Crawford House.
22. Gomez, E. T., & Hsiao, H. H. M. (Eds.). 2001. Chinese business networks in Southeast Asia: Contesting cultural explanations, researching entrepreneurship. Richmond, Surrey: Curzon.
23. Haley, G. T. 1997. A strategic perspective on overseas Chinese networks' decision making. Management Decision, 35(8): 587-594.
24. Haley, G. T., Tan, C. T., & Haley, U. C. V. 1998. New Asian emperors, The overseas Chinese, their strategies, and competitive advantages. Oxford: Butterworth Heinemann.
25. Hamilton, G. (Ed.). 1991. Business networks and development in East and Southeast Asia. Hong Kong: Centre for Asian Studies, University of Hong Kong.
26. Hitt, M. A., Lee, H. U., & Yucel, E. 2002. The importance of social capital to the management of multinational enterprises: Relational networks among Asian and western firms. Asia Pacific Journal of Management, 19: 353-372.
27. Hoskisson, R. E., Eden, L., Lau, C. M., & Wright, M. 2000. Strategy in emerging economies. Academy of Management Journal, 43(3): 249-267.
28. Ip, D., Lever-Tracey, C., & Tracey, N. (Eds.). 2000. Chinese business and the Asian crisis. Aldershot: Ashgate-Gower.
29. Jomo, K. S., & Folk, B. C. (Eds.). 2003. Ethnic business, Chinese capitalism in Southeast Asia. London: Routledge Curzon.
30. Kang, D. C. 2002. Transaction costs and crony capitalism in East Asia. Working Paper No. 02-11, Tuck School of Business. May.
31. Kao, J. 1993. The worldwide web of Chinese business. Harvard Business Review, March-April: 24-36.
32. Khanna, T., & Palepu, K. 1999. The right way to restructure conglomerates in emerging markets. Harvard Business Review, July-August: 125-134.
33. Khatri, N., Tsang, E. W. K., & Begley, T. M. 2006. Cronyism: A cross-cultural analysis. Journal of International Business Studies, 37(1): 61-75.
34. Kim, H., Hoskisson, R. E., Tihanyi, L., & Hong, J. 2004. The evolution and restructuring of diversified business groups in emerging markets: The lessons from chaebols in Korea. Asia Pacific Journal of Management, 21: 25-48.
35. Kotkin, J. 1992. Tribes: How race, religion and identity determine success in the new global economy. New York: Random House.
36. Limlingan, V. S. 1986. The overseas Chinese in ASEAN: Business strategies and management practices. Manila: Vita Development Corporation.
37. Lu, J. W., & Beamish, P. W. 2004. International diversification and firm performance: The S-curve hypothesis. Academy of Management Journal, 47(4): 598-609.
38. March, J. G. 1991. Exploration and exploitation in organization learning. Organization Science, 2: 71-87.
39. March, J. G. 1999. The pursuit of organizational intelligence. Malden, MA: Blackwell.
40. Mathews, J. 2006. Dragon multinationals: New players in the 21st century globalization. Asia Pacific Journal of Management, 23: 5-27.
41. Menkhoff, T. 1993. Trade routes, trust, and trading networks: Chinese small enterprises in Singapore. Bielefeld Studien 54.
42. Miles, R., Snow, C. C., Matthews, J. A., & Miles, G. 1999. Cellular-network organizations. In Halal, W. E., & Taylor, K. B. (Eds.). 21st century economics: Perspectives of socioeconomics for a changing world, pp 155-173. New York: Macmillan.
43. Nickerson, J. A., & Zenger, T. R. 2002. Being efficiently fickle: A dynamic theory of organizational choice. Organization Science, 13(5): 547-566.
44. Peng, M. W. 2002. Towards an institution-based view of business strategy. Asia Pacific Journal of Management, 19: 251-267.
45. Peng, M. W. 2003. Institutional transitions and strategic choices. Academy of Management Review, 28(2): 275-296.
46. Peng, M. W., & Delios, A. 2006. What determines the scope of the firm over time and around the world? An Asia Pacific perspective. Asia Pacific Journal of Management (this issue).
47. Peng, M. W., & Heath, P. S. 1996. The growth of the firm in planned economies in transition: Institutions, organizations and strategic choice. Academy of Management Review, 21: 492-528.
48. Peng, M. W., & Zhou, Q. 2005. How network strategies and institutional transitions evolve in Asia. Asia Pacific Journal of Management, 22: 321-336.
49. Peng, M. W., Au, K., & Wang, D. 2001. Interlocking directorates as corporate governance in Third World multinationals: Theory and evidence from Thailand. Asia Pacific Journal of Management, 18: 161-181.
50. Peng, M. W., Lee, S.-H., & Wang, D. 2005. What determines the scope of the firm over time? A focus on institutional relatedness. Academy of Management Review, 30: 622-633.
51. Rauch, J. E. 2001. Business and social networks in international trade. Journal of Economic Literature, XXXIX: 1177-1203, December.
52. Redding, G. S. 1990. The spirit of Chinese capitalism. Berlin: Walter de Gruyter.
53. Redding, G. S. 2002. The capitalist business system of China and its rationale. Asia Pacific Journal of Management, 19: 221-249.
54. Robison, R. 1986. Indonesia, the rise of capital. Australia: Alan & Unwin.
55. Sato, Y. 1993. The Salim Group in Indonesia: The development and behavior of the largest conglomerate in Southeast Asia. The Developing Economies, XXXI (4).
56. Scott, W. R. 1995. Institutions and organizations. Thousand Oaks, CA: Sage.
57. Soetriyono, E. 1989. Liem Sioe Liong, kisah sukses. Jakarta: Indomedia.
58. Suehiro, A. 2001. Family business gone wrong? Ownership patterns and corporate performance in Thailand. Asian Development Bank Institute Working Paper Series no. 19.
59. Suryadinata, L. (Ed.). 1997. Ethnic Chinese as Southeast Asians. Institute of Southeast Asian Studies: Singapore.
60. Tan, H. H., & See, H. H. 2004. Strategic reorientation and responses to the Asian financial crisis: The case of the manufacturing industry in Singapore. Asia Pacific Journal of Management, 21: 189-211.
61. Thomas, C., Kaminska-Labbé, R., & McKelvey, B. 2005. Managing the MNC and exploitation/exploration dilemma: From static balance to dynamic oscillation. In Szulanski, G., Porac, J. P., & Doz, Y. (Eds.). Advances in strategic management: Strategy process, 22.
62. Tushman, M. L., & O'Reilly, C. A. 1996. Ambidextrous organizations: Managing evolutionary and revolutionary change. California Management Review, 38: 8-30.
63. Tushman, M. L., & Smith, 2002. Organizational technology. In Baum, J. A. C. (Ed.). Companion to organizations, pp 386-414. Oxford, UK: Blackwell Business.
64. Twang, P. Y. 1998. The Chinese business elite in Indonesia and the transition to independence, 1940-1950.Kuala Lumpur, Oxford University Press.
65. Warglien, M. 2002. Intraorganizational evolution. In Baum, J. A. C. (Ed.). Companion to organizations, pp 98-118. Oxford, UK: Blackwell Business.
66. Weidenbaum, M., & Hughes, S. 1996. The bamboo network: How expatriate Chinese entrepreneurs are creating a new economic superpower in Asia. New York: The Free Press.
67. Whitley, R. 1999. Divergent capitalisms: The social structuring and change of business systems. New York: Oxford University Press.
68. Wright, M., Filatotchev, I., Hoskisson, R. E., & Peng, M. W. 2005. Strategy research in emerging economies: Challenging the conventional wisdom. Journal of Management Studies, 42(1): 1-33.
69. Wu, W.-P., & Choi, W. L. 2004. Transaction cost, social capital and firms' synergy creation in Chinese business networks: An integrative approach. Asia Pacific Journal of Management, 21: 325-343.
70. Wu, W.-P., & Leung, A. 2005. Does a micro-macro link exist between managerial value of reciprocity, social capital and firm performance? The case of SME's in China. Asia Pacific Journal of Management, 22: 445-463.
71. Yeung, H. W.-C. 2006. Change and continuity in Southeast Asian ethnic Chinese business. Asia Pacific Journal of Management, 23(3): 229-254.
72. Yoshihara, K. 1988. The rise of ersatz capitalism in South East Asia. Singapore: Oxford University Press.