메뉴 건너뛰기




Volumn 40, Issue 3, 2011, Pages 441-452

Ownership and firm innovation in a transition economy: Evidence from China

Author keywords

Business groups; China; Corporate governance; Innovation performance; Ownership structure

Indexed keywords

BUSINESS GROUPS; CHINA; CORPORATE GOVERNANCE; INNOVATION PERFORMANCE; OWNERSHIP STRUCTURE;

EID: 79951899752     PISSN: 00487333     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.respol.2011.01.004     Document Type: Article
Times cited : (414)

References (129)
  • 2
    • 0030492391 scopus 로고    scopus 로고
    • Firm performance and mechanism to control agency problems between managers and shareholders
    • A. Agrawal, and C.R. Knoeber Firm performance and mechanisms to control agency problems between managers and shareholder Journal of Financial and Quantitative Analysis 31 1996 377 397 (Pubitemid 126313392)
    • (1996) Journal of Financial and Quantitative Analysis , vol.31 , Issue.3 , pp. 377-397
    • Agrawal, A.1    Knoeber, C.R.2
  • 3
    • 0038711743 scopus 로고    scopus 로고
    • The cross-national diversity of corporate governance: Dimensions and determinants
    • R. Aguilera, and G. Jackson The cross-national diversity of corporate governance: dimensions and determinants Academy of Management Review 28 2003 447 465 (Pubitemid 36881225)
    • (2003) Academy of Management Review , vol.28 , Issue.3 , pp. 447-465
    • Aguilera, R.V.1    Jackson, G.2
  • 4
    • 0000977563 scopus 로고
    • Direct validation of citation counts as indicators of industrially important patents
    • M.D. Albert, D. Avery, F. Narrin, and P. McAllister Direct validation of citation counts as indicators of industrially important patents Research Policy 20 1991 251 259
    • (1991) Research Policy , vol.20 , pp. 251-259
    • Albert, M.D.1    Avery, D.2    Narrin, F.3    McAllister, P.4
  • 5
    • 0036012117 scopus 로고    scopus 로고
    • Are firms superior to alliances and markets? An empirical test of cross-border knowledge building
    • P. Almeida, J. Song, and R.M.R.M. Grant Are firms superior to alliances and markets? An empirical test of cross-border knowledge building Organization Science 13 2002 147 161
    • (2002) Organization Science , vol.13 , pp. 147-161
    • Almeida, P.1    Song, J.2    Grant, R.M.R.M.3
  • 7
    • 0009952279 scopus 로고
    • Private benefits from control of public corporations
    • M. Barclay, and C. Holderness Private benefits from control of public corporations Journal of Financial Economics 25 1989 371 395
    • (1989) Journal of Financial Economics , vol.25 , pp. 371-395
    • Barclay, M.1    Holderness, C.2
  • 8
    • 79951936365 scopus 로고    scopus 로고
    • Beamish P.W., Chen X.Y., 1998. Beijing Mirror Corp., Ivey Publishing. (Case: 9A98M033).
    • Beamish, P.W., Chen, X.Y., 1998. Beijing Mirror Corp., Ivey Publishing. (Case: 9A98M033).
  • 12
    • 0000735069 scopus 로고
    • Dynamic count data models of technological innovation
    • R. Blundell, R. Griffith, and J.V. Reenen Dynamic count data models of technological innovation The Economic Journal 105 1995 333 334
    • (1995) The Economic Journal , vol.105 , pp. 333-334
    • Blundell, R.1    Griffith, R.2    Reenen, J.V.3
  • 13
    • 84935958484 scopus 로고
    • Ownership and performance in competitive environments: A comparison of the performance of private, mixed and state-owned enterprises
    • A.E. Boardman, and A.R. Vining Ownership and performance in competitive environments: a comparison of the performance of private, mixed and state-owned enterprises Journal of Law and Economics 32 1989 1 33
    • (1989) Journal of Law and Economics , vol.32 , pp. 1-33
    • Boardman, A.E.1    Vining, A.R.2
  • 14
    • 0030374765 scopus 로고    scopus 로고
    • From fiefs to clans and network capitalism: Explaining China's emerging economic order
    • M. Boisot, and J. Child From fiefs to clans and network capitalism: explaining China's emerging economic order Administrative Science Quarterly 41 1996 600 628
    • (1996) Administrative Science Quarterly , vol.41 , pp. 600-628
    • Boisot, M.1    Child, J.2
  • 16
    • 84939793498 scopus 로고
    • On the existence of an optimal capital structure: Theory and evidence
    • M. Bradley, G. Jarrell, and H. Kim On the existence of an optimal capital structure: theory and evidence Journal of Finance 39 1984 857 880
    • (1984) Journal of Finance , vol.39 , pp. 857-880
    • Bradley, M.1    Jarrell, G.2    Kim, H.3
  • 17
    • 0034024395 scopus 로고    scopus 로고
    • Technological regimes and schumpeterian patterns of innovation
    • DOI 10.1111/1468-0297.00530
    • S. Breschi, F. Malerba, and L. Orsenigo Technological regimes and Schumpeterian patterns of innovation The Economic Journal 110 2000 388 410 (Pubitemid 30309852)
    • (2000) Economic Journal , vol.110 , Issue.463 , pp. 388-410
    • Breschi, S.1    Malerba, F.2    Orsenigo, L.3
  • 18
    • 0032116927 scopus 로고    scopus 로고
    • The influence of institutional investors on myopic R&D investment behavior
    • B. Bushee The influence of institutional investors on myopic R&D investment behaviour The Accounting Review 73 1998 305 333 (Pubitemid 128182951)
    • (1998) Accounting Review , vol.73 , Issue.3 , pp. 305-333
    • Bushee, B.J.1
  • 19
    • 55749086811 scopus 로고    scopus 로고
    • Corporate governance and technological dynamism of Chinese firms in mobile telecommunications: A quantitative study
    • J. Cai, and A. Tylecote Corporate governance and technological dynamism of Chinese firms in mobile telecommunications: a quantitative study Research Policy 37 2008 1790 1811
    • (2008) Research Policy , vol.37 , pp. 1790-1811
    • Cai, J.1    Tylecote, A.2
  • 20
    • 0039658576 scopus 로고    scopus 로고
    • The influence of institutions on corporate governance through private negotiations: Evidence from TIAA-CREF
    • W.T. Carleton, J.A. Nelson, and M.S. Weisbach The influence of institutions on corporate governance through private negotiations: evidence from TIAA-CREF Journal of Finance 53 1998 1335 1362
    • (1998) Journal of Finance , vol.53 , pp. 1335-1362
    • Carleton, W.T.1    Nelson, J.A.2    Weisbach, M.S.3
  • 21
    • 27844477334 scopus 로고    scopus 로고
    • Corporate governance and competitive advantage in family-controlled firms
    • DOI 10.1111/j.1540-6520.2005.00081.x
    • M. Carney Corporate governance and competitive advantage in family-controlled firms Entrepreneurship Theory and Practice 29 2005 249 265 (Pubitemid 41655972)
    • (2005) Entrepreneurship: Theory and Practice , vol.29 , Issue.3 , pp. 249-265
    • Carney, M.1
  • 22
    • 0009953294 scopus 로고    scopus 로고
    • Foreign ownership of equity joint ventures in China: A pooled cross-section-time series analysis
    • DOI 10.1016/S0148-2963(99)00065-X, PII S014829639900065X
    • D.D. Chadee, and F. Qiu Foreign ownership of equity joint ventures in China: a pooled cross-section-time series analysis Journal of Business Research 52 2001 123 133 (Pubitemid 33623594)
    • (2001) Journal of Business Research , vol.52 , Issue.2 , pp. 123-133
    • Chadee, D.D.1    Qiu, F.2
  • 23
    • 84992985166 scopus 로고
    • International expansion strategy of Japanese firms: Capability building through sequential entry
    • S.J. Chang International expansion strategy of Japanese firms: capability building through sequential entry Academy of Management Journal 38 1995 383 407
    • (1995) Academy of Management Journal , vol.38 , pp. 383-407
    • Chang, S.J.1
  • 24
    • 0038132149 scopus 로고    scopus 로고
    • Ownership structure, expropriation, and performance of group-affiliated companies in Korea
    • S.J. Chang Ownership structure, expropriation and performance of group-affiliated companies in Korea Academy of Management Journal 46 2003 238 253 (Pubitemid 36719939)
    • (2003) Academy of Management Journal , vol.46 , Issue.2 , pp. 238-253
    • Chang, S.J.1
  • 25
    • 0034339524 scopus 로고    scopus 로고
    • Economic performance of group-affiliated companies in Korea: Intragroup resource sharing and internal business transactions
    • S.J. Chang, and J. Hong Economic performance of group-affiliated companies in Korea: Intragroup resource sharing and internal business transactions Academy of Management Journal 43 2000 429 448
    • (2000) Academy of Management Journal , vol.43 , pp. 429-448
    • Chang, S.J.1    Hong, J.2
  • 26
    • 33749371985 scopus 로고    scopus 로고
    • When and how does business group affiliation promote firm innovation? A tale of two emerging economies
    • DOI 10.1287/orsc.1060.0202
    • S.J. Chang, C. Chung, and I.P. Mahmood When and how does business group affiliation promote firm innovation? A tale of two emerging economies Organization Science 17 2006 637 656 (Pubitemid 44506624)
    • (2006) Organization Science , vol.17 , Issue.5 , pp. 637-656
    • Chang, S.-J.1    Chung, C.-N.2    Mahmood, I.P.3
  • 27
    • 0033478997 scopus 로고    scopus 로고
    • Foreign ownership and profitability: Property rights, control and the performance of firms in Indian industry
    • P.K. Chibber, and S.K. Majumdar Foreign ownership and profitability: property rights, control and the performance of firms in Indian industry Journal of Law and Economics 42 1999 209 238
    • (1999) Journal of Law and Economics , vol.42 , pp. 209-238
    • Chibber, P.K.1    Majumdar, S.K.2
  • 29
    • 0030535442 scopus 로고    scopus 로고
    • Institutional constraints on economic reform: The case of investment decisions in China
    • J. Child, and Y. Lu Institutional constraints on economic reform: the case of investment decisions in China Organization Science 7 1996 60 67
    • (1996) Organization Science , vol.7 , pp. 60-67
    • Child, J.1    Lu, Y.2
  • 30
    • 0031633952 scopus 로고    scopus 로고
    • Ownership structure, investment, and the corporate value: An empirical analysis
    • PII S0304405X97000391
    • M. Cho Ownership structure, investment, and the corporate value: an empirical analysis Journal of Financial Economics 47 1998 103 121 (Pubitemid 128177548)
    • (1998) Journal of Financial Economics , vol.47 , Issue.1 , pp. 103-121
    • Cho, M.-H.1
  • 31
    • 0000769625 scopus 로고    scopus 로고
    • Ownership concentration and corporate performance in the Czech Republic
    • S. Claessens, and S. Djankov Ownership concentration and corporate performance in the Czech Republic Journal of Comparative Economics 27 1999 498 513
    • (1999) Journal of Comparative Economics , vol.27 , pp. 498-513
    • Claessens, S.1    Djankov, S.2
  • 32
    • 84992828808 scopus 로고    scopus 로고
    • Ownership change and reshaping of employment relations in China: A study of two manufacturing companies
    • F.L. Cooke Ownership change and reshaping of employment relations in China: a study of two manufacturing companies Journal of Industrial Relations 44 2002 19 39
    • (2002) Journal of Industrial Relations , vol.44 , pp. 19-39
    • Cooke, F.L.1
  • 33
    • 0003164458 scopus 로고
    • Uncertainty, industrial structure, and the speed of R&D
    • P. Dasgupta, and J. Stiglitz Uncertainty, industrial structure, and the speed of R&D Bell Journal of Economics 11 1980 1 28
    • (1980) Bell Journal of Economics , vol.11 , pp. 1-28
    • Dasgupta, P.1    Stiglitz, J.2
  • 34
  • 35
    • 33646566562 scopus 로고    scopus 로고
    • Strategic investments in Japanese corporations: Do foreign portfolio owners foster underinvestment or appropriate investment?
    • DOI 10.1002/smj.523
    • P. David, T. Yoshikawa, M.D.R. Chari, and A.A. Rasheed Strategic investments in Japanese corporations: do foreign portfolio owners foster underinvestment or appropriate investment? Strategic Management Journal 27 2006 591 600 (Pubitemid 43723248)
    • (2006) Strategic Management Journal , vol.27 , Issue.6 , pp. 591-600
    • David, P.1    Yoshikawa, T.2    Chari, M.D.R.3    Rasheed, A.A.4
  • 38
    • 84935941592 scopus 로고
    • The structure of corporate ownership: Causes and consequences
    • H. Demsetz, and K. Lehn The structure of corporate ownership: causes and consequences Journal of Political Economy 93 1985 1155 1177
    • (1985) Journal of Political Economy , vol.93 , pp. 1155-1177
    • Demsetz, H.1    Lehn, K.2
  • 39
    • 0000957355 scopus 로고    scopus 로고
    • State-owned and privately owned firms: An empirical analysis of profitability, leverage, and labor intensity
    • K.L. Dewenter, and P.H. Malatesta State-owned and privately-owned firms: an empirical analysis of profitability, leverage and labour intensity American Economic Review 91 2001 320 334 (Pubitemid 33594485)
    • (2001) American Economic Review , vol.91 , Issue.1 , pp. 320-334
    • Dewenter, K.L.1    Malatesta, P.H.2
  • 40
    • 33745472164 scopus 로고    scopus 로고
    • Foreign and domestic ownership, business groups, and firm performance: Evidence from a large emerging market
    • DOI 10.1002/smj.535
    • S. Douma, R. George, and R.R. Kabir Foreign and domestic ownership, business group, and firm performance: evidence from a large emerging market Strategic Management Journal 27 2006 637 657 (Pubitemid 43954664)
    • (2006) Strategic Management Journal , vol.27 , Issue.7 , pp. 637-657
    • Douma, S.1    George, R.2    Kabir, R.3
  • 42
    • 43449122475 scopus 로고    scopus 로고
    • Effects of foreign ownership on innovation activities: Empirical evidence for twelve European countries
    • M. Falk Effects of foreign ownership on innovation activities: empirical evidence for twelve European countries National Institute Economic Review 204 2008 85 97
    • (2008) National Institute Economic Review , vol.204 , pp. 85-97
    • Falk, M.1
  • 44
    • 34547341973 scopus 로고    scopus 로고
    • FDI by firms from newly industrialised economies in emerging market: Corporate governance, entry mode and location
    • I. Filatotchev, R. Strange, J. Piesse, and Y.-C. Lien FDI by firms from newly industrialised economies in emerging market: corporate governance, entry mode and location Journal of International Business Studies 38 2007 556 572
    • (2007) Journal of International Business Studies , vol.38 , pp. 556-572
    • Filatotchev, I.1    Strange, R.2    Piesse, J.3    Lien, Y.-C.4
  • 45
    • 1842731013 scopus 로고    scopus 로고
    • Facilitating development: The role of business groups
    • DOI 10.1016/j.worlddev.2003.08.012, PII S0305750X04000087
    • R. Fisman, and T. Khanna Facilitating development: the role of business groups World Development 32 2004 609 628 (Pubitemid 38464245)
    • (2004) World Development , vol.32 , Issue.4 , pp. 609-628
    • Fisman, R.1    Khanna, T.2
  • 46
    • 6944245129 scopus 로고
    • The national system of innovation in historical perspective
    • C. Freeman The national system of innovation in historical perspective Cambridge Journal of Economics 19 1995 5 24
    • (1995) Cambridge Journal of Economics , vol.19 , pp. 5-24
    • Freeman, C.1
  • 49
    • 0000353081 scopus 로고    scopus 로고
    • Corporate governance proposals and shareholder activism: The role of institutional investors
    • S. Gillan, and L. Starks Corporate governance proposals and shareholder activism: the role of institutional investors Journal of Financial Economics 57 2 2000 275 305
    • (2000) Journal of Financial Economics , vol.57 , Issue.2 , pp. 275-305
    • Gillan, S.1    Starks, L.2
  • 50
    • 34249663754 scopus 로고
    • Coase revisited: Business groups in the modern economy
    • M. Granovetter Coase revisited: business groups in the modern economy Industrial and Corporate Change 4 1995 93 140
    • (1995) Industrial and Corporate Change , vol.4 , pp. 93-140
    • Granovetter, M.1
  • 51
    • 0002886905 scopus 로고
    • Takeover bids, the free-rider problem, and the theory of the corporation
    • S. Grossman, and O. Hart Takeover bids, the free-rider problem, and the theory of the corporation Bell Journal of Economy 11 1980 42 64
    • (1980) Bell Journal of Economy , vol.11 , pp. 42-64
    • Grossman, S.1    Hart, O.2
  • 52
    • 64049087177 scopus 로고    scopus 로고
    • Innovation strategy and performance during economic transition: Evidences in Beijing, China
    • J.C. Guan, R.C.M. Yam, E.P.Y. Tang, and A.K.W. Lau Innovation strategy and performance during economic transition: evidences in Beijing, China Research Policy 38 2009 802 812
    • (2009) Research Policy , vol.38 , pp. 802-812
    • Guan, J.C.1    Yam, R.C.M.2    Tang, E.P.Y.3    Lau, A.K.W.4
  • 53
    • 0141605674 scopus 로고
    • Business, politics and policy in Northeast and Southeast Asia
    • S. Haggard Business, politics and policy in Northeast and Southeast Asia A. Maclntyre, Business and Government in Industrializing Asia 1994 Cornell University Press NY, Ithaca
    • (1994) Business and Government in Industrializing Asia
    • Haggard, S.1
  • 55
    • 71449114641 scopus 로고
    • Economic models for count data with an application to the patents-R&D relationship
    • J. Hausman, B. Hall, and Z. Griliches Economic models for count data with an application to the patents-R&D relationship Econometrica 52 1984 904 938
    • (1984) Econometrica , vol.52 , pp. 904-938
    • Hausman, J.1    Hall, B.2    Griliches, Z.3
  • 57
    • 0036670792 scopus 로고    scopus 로고
    • Conflicting voices: The effects of institutional ownership heterogeneity and internal governance on corporate strategies
    • R.E. Hoskisson, M.A. Hitt, R.A. Johnson, and W. Grossman Conflicting voices: the effects of institutional ownership heterogeneity and internal governance on corporate strategies Academy Management Journal 45 2002 607 716
    • (2002) Academy Management Journal , vol.45 , pp. 607-716
    • Hoskisson, R.E.1    Hitt, M.A.2    Johnson, R.A.3    Grossman, W.4
  • 58
    • 0042976085 scopus 로고    scopus 로고
    • The relationship between valuation and ownership of listed firms in China
    • M. Hovey, L. Li, and T. Naughton The relationship between valuation and ownership of listed firms in China Corporate Governance 11 2003 112 122 (Pubitemid 37023293)
    • (2003) Corporate Governance , vol.11 , Issue.2 , pp. 112-122
    • Hovey, M.1    Li, L.2    Naughton, T.3
  • 59
    • 77953692665 scopus 로고    scopus 로고
    • Propensity to patent, competition and China's foreign patenting surge
    • A.G. Hu Propensity to patent, competition and China's foreign patenting surge Research Policy 39 2010 985 993
    • (2010) Research Policy , vol.39 , pp. 985-993
    • Hu, A.G.1
  • 60
    • 67349208484 scopus 로고    scopus 로고
    • A great wall of patents: What is behind China's recent patent explosion?
    • A.G. Hu, and G.H. Jefferson A great wall of patents: what is behind China's recent patent explosion? Journal of Development Economics 90 2009 57 68
    • (2009) Journal of Development Economics , vol.90 , pp. 57-68
    • Hu, A.G.1    Jefferson, G.H.2
  • 61
    • 50649088366 scopus 로고    scopus 로고
    • China's national innovative capacity
    • M.-C. Hu, and J.A. Mathews China's national innovative capacity Research Policy 37 2008 1465 1479
    • (2008) Research Policy , vol.37 , pp. 1465-1479
    • Hu, M.-C.1    Mathews, J.A.2
  • 62
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behaviour, agency costs, and ownership structure
    • M. Jensen, and W. Mecking Theory of the firm: managerial behaviour, agency costs, and ownership structure Journal of Financial Economics 3 1976 305 360
    • (1976) Journal of Financial Economics , vol.3 , pp. 305-360
    • Jensen, M.1    Mecking, W.2
  • 63
    • 85088437439 scopus 로고
    • The internationalisation process of the firm: A model of knowledge development and increasing foreign market commitments
    • J. Johanson, and J. Vahlne The internationalisation process of the firm: a model of knowledge development and increasing foreign market commitments Journal of International Business Studies 8 1977 23 32
    • (1977) Journal of International Business Studies , vol.8 , pp. 23-32
    • Johanson, J.1    Vahlne, J.2
  • 65
    • 0032265369 scopus 로고    scopus 로고
    • Engineering growth: Business group structure and firm performance in China's transition economy
    • L.A. Keister Engineering growth: business group structure and firm performance in China's transition economy American Journal of Sociology 104 1998 404 440 (Pubitemid 128376056)
    • (1998) American Journal of Sociology , vol.104 , Issue.2 , pp. 404-440
    • Keister, L.A.1
  • 66
    • 79951867388 scopus 로고    scopus 로고
    • Ownership and innovation during economic development: Corporate ownership and strategy formation in China
    • L.A. Keister, and R. Hodson Ownership and innovation during economic development: corporate ownership and strategy formation in China Research in the Sociology of Work 19 2009 129 163
    • (2009) Research in the Sociology of Work , vol.19 , pp. 129-163
    • Keister, L.A.1    Hodson, R.2
  • 67
    • 3042735466 scopus 로고    scopus 로고
    • Financial resources and product market development: Strategic choice and institutional processes during China's transition
    • DOI 10.1023/B:SOFO.0000031981.07348.89
    • L. Keister, and J. Lu Financial resources and product market development: strategic choice and institutional processes during China's transition Sociological Forum 19 2004 229 254 (Pubitemid 38881927)
    • (2004) Sociological Forum , vol.19 , Issue.2 , pp. 229-254
    • Keister, L.A.1    Lu, J.2
  • 68
    • 0000041775 scopus 로고    scopus 로고
    • The right way to restructure conglomerates in emerging markets
    • T. Khanna, and K. Palepu The right way to restructure conglomerates in emerging markets Harvard Business Review 77 1999 125 135
    • (1999) Harvard Business Review , vol.77 , pp. 125-135
    • Khanna, T.1    Palepu, K.2
  • 69
    • 0034339386 scopus 로고    scopus 로고
    • The future of business groups in emerging markets: Long run evidence from Chile
    • T. Khanna, and K. Palepu The future of business groups in emerging markets: long run evidence from Chile Academy of Management Journal 43 2000 268 285
    • (2000) Academy of Management Journal , vol.43 , pp. 268-285
    • Khanna, T.1    Palepu, K.2
  • 70
    • 17644408457 scopus 로고    scopus 로고
    • Business groups and risk sharing around the world
    • DOI 10.1086/426527
    • T. Khanna, and Y.Y. Yishay Business groups and risk sharing around the world Journal of Business 78 2005 301 340 (Pubitemid 40572657)
    • (2005) Journal of Business , vol.78 , Issue.1 , pp. 301-340
    • Khanna, T.1    Yafeh, Y.2
  • 73
    • 0035073236 scopus 로고    scopus 로고
    • Strategy and structure in developing countries: Business groups as an evolutionary response to opportunities for unrelated diversitification
    • C.J. Kock, and M.F. Guillen Strategy and structure in developing countries: business groups as an evolutionary response to opportunities for unrelated diversification Industrial and Corporate Change 10 2001 77 113 (Pubitemid 32292366)
    • (2001) Industrial and Corporate Change , vol.10 , Issue.1 , pp. 77-113
    • Knock, C.J.1    Guillen, M.F.2
  • 74
    • 0002418947 scopus 로고
    • Foreign direct investment as a sequential process
    • B. Kogut Foreign direct investment as a sequential process C. Kindleberger, D. Audretsch, The Multinational Corporation in the 1980s 1983 The MIT Press Cambridge 35-56
    • (1983) The Multinational Corporation in the 1980s
    • Kogut, B.1
  • 75
  • 76
    • 0002903051 scopus 로고
    • The interplay of state, social class and world system in East Asian development: The cases of South Korea and Taiwan
    • H. Koo The interplay of state, social class and world system in East Asian development: the cases of South Korea and Taiwan F.C. Deyo, The Political Economy of the New Asian Industrialism 1987 Cornell University Press NY, Ithaca
    • (1987) The Political Economy of the New Asian Industrialism
    • Koo, H.1
  • 80
    • 0038808621 scopus 로고    scopus 로고
    • Ownership structures and R&D investments of U.S. and Japanese firms: Agency and stewardship perspectives
    • P.M. Lee, and H.M. O'Neill Ownership structures and R&D investments of U.S. and Japanese firms: agency and stewardship perspectives Academy of Management Journal 46 2003 212 225 (Pubitemid 36737416)
    • (2003) Academy of Management Journal , vol.46 , Issue.2 , pp. 212-225
    • Lee, P.M.1    O'Neill, H.M.2
  • 81
    • 52649149890 scopus 로고
    • Industrial organization and entrepreneurship in the developing countries: The economic groups
    • N. Leff Industrial organization and entrepreneurship in the developing countries: the economic groups Economic Development and Cultural Change 78 1978 661 674
    • (1978) Economic Development and Cultural Change , vol.78 , pp. 661-674
    • Leff, N.1
  • 82
    • 77951965449 scopus 로고    scopus 로고
    • Ownership concentration and product innovation in Chinese firms: The mediating role of learning orientation
    • Y. Li, H. Guo, Y. Yi, and Y. Liu Ownership concentration and product innovation in Chinese firms: the mediating role of learning orientation Management and Organization Review 6 2010 77 100
    • (2010) Management and Organization Review , vol.6 , pp. 77-100
    • Li, Y.1    Guo, H.2    Yi, Y.3    Liu, Y.4
  • 83
    • 41149130466 scopus 로고    scopus 로고
    • The restructuring of ownership and governance in China: An empirical study of the shareholding reform
    • Y.-M. Lin, and T. Zhu The restructuring of ownership and governance in China: an empirical study of the shareholding reform Seoul Journal of Economics 13 2000 279 300
    • (2000) Seoul Journal of Economics , vol.13 , pp. 279-300
    • Lin, Y.-M.1    Zhu, T.2
  • 85
    • 0035420947 scopus 로고    scopus 로고
    • Comparing innovation systems: A framework and application to China's transitional context
    • DOI 10.1016/S0048-7333(00)00132-3, PII S0048733300001323
    • X. Liu, and S.S. White Comparing innovation systems: a framework and application to China's transitional context Research Policy 30 2001 1091 1114 (Pubitemid 33678429)
    • (2001) Research Policy , vol.30 , Issue.7 , pp. 1091-1114
    • Liu, X.1    White, S.2
  • 87
    • 0032450330 scopus 로고    scopus 로고
    • Why study national systems and national styles of innovation?
    • B.-A. Lundvall Why study national systems and national styles of innovation? Technology Analysis and Strategic Management 10 1998 407 421 (Pubitemid 29107899)
    • (1998) Technology Analysis and Strategic Management , vol.10 , Issue.4 , pp. 407-421
    • Lundvall, B.-A.1
  • 89
    • 8344258460 scopus 로고    scopus 로고
    • Two faces: Effects of business groups market share on innovation in emerging economies
    • I.P. Mahmood, and W. Mitchell Two faces: Effects of business groups market share on innovation in emerging economies Management Science 50 2004 1348 1365
    • (2004) Management Science , vol.50 , pp. 1348-1365
    • Mahmood, I.P.1    Mitchell, W.2
  • 90
    • 0010318297 scopus 로고    scopus 로고
    • Determinants of corporate ownership and board structure: Evidence from Singapore
    • DOI 10.1016/S0929-1199(01)00021-9, PII S0929119901000219
    • Y. Mak, and Y. Li Determinants of corporate ownership and board structure: evidence from Singapore Journal of Corporate Finance 7 2001 235 256 (Pubitemid 33622846)
    • (2001) Journal of Corporate Finance , vol.7 , Issue.3 , pp. 235-256
    • Mak, Y.T.1    Li, Y.2
  • 91
    • 31244434896 scopus 로고    scopus 로고
    • Sectoral systems of innovation and production
    • F. Malerba Sectoral systems of innovation and production Research Policy 31 2002 247 264
    • (2002) Research Policy , vol.31 , pp. 247-264
    • Malerba, F.1
  • 92
    • 0011088442 scopus 로고
    • Additional evidence of equity ownership and corporate value
    • J.J. McConnell, and H. Servaes Additional evidence of equity ownership and corporate value Journal of Financial Economics 27 1990 595 612
    • (1990) Journal of Financial Economics , vol.27 , pp. 595-612
    • McConnell, J.J.1    Servaes, H.2
  • 93
    • 31244435414 scopus 로고    scopus 로고
    • Building competitive advantage: Innovation and corporate governance in European construction
    • M. Miozzo, and P. Dewick Building competitive advantage: innovation and corporate governance in European construction Research Policy 31 2002 989 1008
    • (2002) Research Policy , vol.31 , pp. 989-1008
    • Miozzo, M.1    Dewick, P.2
  • 94
    • 33645896609 scopus 로고
    • Management ownership and market valuation: An empirical analysis
    • R. Morck, A. Shleifer, and W. Vishny Management ownership and market valuation: an empirical analysis Journal of Financial Economics 20 1988 293 315
    • (1988) Journal of Financial Economics , vol.20 , pp. 293-315
    • Morck, R.1    Shleifer, A.2    Vishny, W.3
  • 95
    • 34548809119 scopus 로고    scopus 로고
    • China's innovation system reform and growing industry and science linkages
    • DOI 10.1016/j.respol.2007.02.023, PII S0048733307001059
    • K. Motohashi, and X. Yun China's innovation system reform and growing industry and science linkages Research Policy 36 2007 1251 1260 (Pubitemid 47432792)
    • (2007) Research Policy , vol.36 , Issue.8 , pp. 1251-1260
    • Motohashi, K.1    Yun, X.2
  • 98
    • 1642521187 scopus 로고
    • Can your organisation achieve better results by sharing gains with employees?
    • J. Nickel Can your organisation achieve better results by sharing gains with employees? Employment Relations Today Autumn 1990 173 184
    • (1990) Employment Relations Today Autumn , pp. 173-184
    • Nickel, J.1
  • 101
    • 30644480438 scopus 로고    scopus 로고
    • Ownership structure and innovation: Is there a real link?
    • DOI 10.1007/s00168-005-0026-6
    • R. Ortega-Argilés, R. Moreno, and J. Caralt Ownership structure and innovation: is there a real link? The Annals of Regional Science 39 2005 637 662 (Pubitemid 43085160)
    • (2005) Annals of Regional Science , vol.39 , Issue.4 , pp. 637-662
    • Ortega-Argiles, R.1    Moreno, R.2    Caralt, J.S.3
  • 102
    • 0003846462 scopus 로고
    • Sectoral patterns of technical change: Towards a taxonomy and a theory
    • K. Pavitt Sectoral patterns of technical change: towards a taxonomy and a theory Research Policy 13 1984 343 373
    • (1984) Research Policy , vol.13 , pp. 343-373
    • Pavitt, K.1
  • 104
    • 0242370936 scopus 로고    scopus 로고
    • Outside directors and firm performance during institutional transitions
    • M.W. Peng Outside directors and firm performance during institutional transitions Strategic Management Journal 25 2004 453 471
    • (2004) Strategic Management Journal , vol.25 , pp. 453-471
    • Peng, M.W.1
  • 105
    • 84977724257 scopus 로고
    • The structure of corporate ownership in Japan
    • S.D. Prowse The structure of corporate ownership in Japan Journal of Finance 47 1992 1121 1140
    • (1992) Journal of Finance , vol.47 , pp. 1121-1140
    • Prowse, S.D.1
  • 106
    • 46549088061 scopus 로고    scopus 로고
    • The development of science and technology in China: A comparison with India and the United States
    • M. Rongping, and Q. Wan The development of science and technology in China: a comparison with India and the United States Technology in Society 30 2008 319 329
    • (2008) Technology in Society , vol.30 , pp. 319-329
    • Rongping, M.1    Wan, Q.2
  • 111
    • 0001730102 scopus 로고
    • Firm size, market structure, opportunity and the output of patented inventions
    • F.M. Scherer Firm size, market structure, opportunity and the output of patented inventions American Economic Review 55 1965 1097 1125
    • (1965) American Economic Review , vol.55 , pp. 1097-1125
    • Scherer, F.M.1
  • 112
    • 0001026456 scopus 로고    scopus 로고
    • A survey of corporate governance
    • A. Shleifer, and R. Vishny A survey of corporate governance Journal of Finance 52 1996 737 783 (Pubitemid 127344405)
    • (1997) Journal of Finance , vol.52 , Issue.2 , pp. 737-783
    • Shleifer, A.1    Vishny, R.W.2
  • 113
    • 79951875375 scopus 로고    scopus 로고
    • SIPO (State Intellectual Property Office) accessed on 5 October 2007
    • SIPO (State Intellectual Property Office), 2007. SIPO Database. http://www.sipo.gov.cn accessed on 5 October 2007.
    • (2007) SIPO Database
  • 114
    • 0039120739 scopus 로고    scopus 로고
    • Shareholder activism by institutional investors: Evidence from CalPERS
    • M. Smith Shareholder activism by institutional investors: evidence from CalPERS Journal of Finance 51 1996 227 252
    • (1996) Journal of Finance , vol.51 , pp. 227-252
    • Smith, M.1
  • 115
    • 77951543951 scopus 로고    scopus 로고
    • How does government ownership affect firm performance? evidence from China's privatization experience
    • Q. Sun, Wilson H.S. Tong, and J. Tong How does government ownership affect firm performance? evidence from China's privatization experience Journal of Business Finance and Accounting 29 2002 1 27
    • (2002) Journal of Business Finance and Accounting , vol.29 , pp. 1-27
    • Sun, Q.1    Tong, W.H.S.2    Tong, J.3
  • 117
    • 0038809062 scopus 로고    scopus 로고
    • Institutional ownership differences and international diversification: The effects of boards of directors and technological opportunity
    • L. Tihanyi, R.A. Johnson, R.E. Hoskisson, and M.A. Hitt Institutional ownership differences and international diversification: the effects of boards of directors and technological opportunity Academy of Management Journal 46 2003 195 211 (Pubitemid 36719937)
    • (2003) Academy of Management Journal , vol.46 , Issue.2 , pp. 195-211
    • Tihanyi, L.1    Johnson, R.A.2    Hoskisson, R.E.3    Hitt, M.A.4
  • 119
    • 1642477697 scopus 로고    scopus 로고
    • Employee ownership and profit sharing as positive factors in the reform of Chinese state-owned enterprises
    • G. Tseo, H.G. Sheng, Z. Peng-Zhu, and Z. Lihai Employee ownership and profit sharing as positive factors in the reform of Chinese state-owned enterprises Economic and Industrial Democracy 25 2004 147 176
    • (2004) Economic and Industrial Democracy , vol.25 , pp. 147-176
    • Tseo, G.1    Sheng, H.G.2    Peng-Zhu, Z.3    Lihai, Z.4
  • 120
    • 26444518316 scopus 로고    scopus 로고
    • Corporate governance, innovation systems and industrial performance
    • A. Tylecote, and E. Conesa Corporate governance, innovation systems and industrial performance Industry and Innovation 6 1999 25 50
    • (1999) Industry and Innovation , vol.6 , pp. 25-50
    • Tylecote, A.1    Conesa, E.2
  • 121
    • 0032466717 scopus 로고    scopus 로고
    • National technological styles explained in terms of stakeholding patterns, enfranchisement and cultural differences: Britain and Japan
    • A. Tylecote, Y.D. Cho, and W. Zhang National technological styles explained in terms of stake holding patterns, enfranchisement and cultural differences: Britain and Japan Technology Analysis & Strategic Management 10 1998 423 435 (Pubitemid 29107900)
    • (1998) Technology Analysis and Strategic Management , vol.10 , Issue.4 , pp. 423-435
    • Tylecote, A.1    Cho, Y.D.2    Zhang, W.3    Tylccole, A.4    Zhang, W.5
  • 124
    • 7244236617 scopus 로고    scopus 로고
    • 'Late development' experience and the evolution of transnational firms in the People's Republic of China
    • DOI 10.1080/1360238042000264397
    • M. Warner, N.S. Hong, and X. Xiaojun Late development experience and the evolution of transnational firms in the People's Republic of China Asia Pacific Business Review 10 2004 324 345 (Pubitemid 39437249)
    • (2004) Asia Pacific Business Review , vol.10 , Issue.3-4 , pp. 324-345
    • Warner, M.1    Hong, N.S.2    Xu, X.J.3
  • 125
    • 13444280362 scopus 로고    scopus 로고
    • Strategy research in emerging economies: Challenging the conventional wisdom
    • DOI 10.1111/j.1467-6486.2005.00487.x
    • M. Wright, I. Filatotchev, R.E. Hoskisson, and M.W. Peng Strategy research in emerging economies: challenging the conventional wisdom Journal of Management Studies 42 2005 1 33 (Pubitemid 40217221)
    • (2005) Journal of Management Studies , vol.42 , Issue.1 , pp. 1-33
    • Wright, M.1    Filatotchev, I.2    Hoskisson, R.E.3    Peng, M.W.4
  • 126
    • 0030300587 scopus 로고    scopus 로고
    • Guanxi: Connections as substitutes for formal institutional support
    • K.R. Xin, and J.L. Pearce Guanxi: connections as substitutes for formal institutional support Academy Management Journal 39 1996 1641 1658
    • (1996) Academy Management Journal , vol.39 , pp. 1641-1658
    • Xin, K.R.1    Pearce, J.L.2
  • 127
    • 0002880326 scopus 로고    scopus 로고
    • Ownership structure and corporate governance in Chinese stock companies
    • X. Xu, and Y. Wang Ownership structure and corporate governance in Chinese stock companies China Economic Review 10 1999 75 98
    • (1999) China Economic Review , vol.10 , pp. 75-98
    • Xu, X.1    Wang, Y.2
  • 128
    • 11144307293 scopus 로고    scopus 로고
    • Globalisation and intellectual property in China
    • DOI 10.1016/j.technovation.2003.10.008, PII S0166497203001986
    • D. Yang, and P. Clarke Globalisation and intellectual property in China Technovation 25 2005 545 555 (Pubitemid 40034663)
    • (2005) Technovation , vol.25 , Issue.5 , pp. 545-555
    • Yang, D.1    Clarke, P.2
  • 129
    • 13444301413 scopus 로고    scopus 로고
    • Understanding business group performance in an emerging economy: Acquiring resources and capabilities in order to prosper
    • DOI 10.1111/j.1467-6486.2005.00493.x
    • D. Yiu, G.D. Bruton, and Y. Lu Understanding business group performance in an emerging economy: acquiring resources and capabilities in order to prosper Journal of Management Studies 42 2005 183 206 (Pubitemid 40217227)
    • (2005) Journal of Management Studies , vol.42 , Issue.1 , pp. 183-206
    • Yiu, D.1    Bruton, G.D.2    Lu, Y.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.