2009
DOI: 10.1007/s10490-009-9158-z
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On improving the robustness of Asian management theories: Theoretical anchors in the era of globalization

Abstract: Asia Pacific, Cross-cultural management, Robustness of theories, Globalization, China,

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Cited by 62 publications
(35 citation statements)
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“…When investors rely on reputational considerations rather than formal equity-based incentives in evaluating the probability of self-serving behavior of managers, the presence of executive share options would have relatively lower weight in terms of the firm's expected cost of capital (Bhagat, McDevitt & McDevitt, 2010). For example, in German and Japanese corporate governance systems, monitoring has been based on relationship-oriented banks rather than an active market for corporate control (Aoki, 2001).…”
Section: Executive Compensation Debates and Informal Institutionsmentioning
confidence: 99%
“…When investors rely on reputational considerations rather than formal equity-based incentives in evaluating the probability of self-serving behavior of managers, the presence of executive share options would have relatively lower weight in terms of the firm's expected cost of capital (Bhagat, McDevitt & McDevitt, 2010). For example, in German and Japanese corporate governance systems, monitoring has been based on relationship-oriented banks rather than an active market for corporate control (Aoki, 2001).…”
Section: Executive Compensation Debates and Informal Institutionsmentioning
confidence: 99%
“…In particular, these asymmetries have been found to have an inhibitor effect in the growth of SMEs in China (Kanamori et al 2007); also the lack of information and knowledge about markets and consumers constitutes an obstacle in the process of SMEs' expansion (Cardoza and Fornes 2011). These market and state failures have led firms to rely on interpersonal relationships (guanxi) to overcome them and build trust (Bhagat et al 2010, Cai et al 2010.…”
Section: Access To Public Financial Support: a Trigger For Smes' Intementioning
confidence: 99%
“…Consequently, the fundamental contribution of this paper is to develop a conceptual framework based on signaling theory which reflects the complex, and arguably unique, institutional context of China. Bhagat, McDevitt, and McDevitt (2010) argued that there is a need to consider cultural variables and the impact of globalization to develop effective and robust management theories relevant for Asia Pacific countries. Bruton and Lau (2008), in their review of Asian management research, also called for taking account of context-specific conditions in extending and revising theories.…”
mentioning
confidence: 99%