Mao Meets the Market

Song Yang and Bruce W. Stening ()
Additional contact information
Song Yang: University of South Australia
Bruce W. Stening: Peking University

Management International Review, 2013, vol. 53, issue 3, No 4, 419-448

Abstract: Abstract This study sought to examine the relative impact of several competing sources of values and ideologies—Chinese Traditional Values, Capitalist Values, Socialist Ideology and Deng Xiaoping’s Philosophy—on Chinese businesspersons. In contrast to previous research that has focused almost exclusively on cultural influences, this research was aimed at also understanding political influences. Questionnaire data from 487 respondents drawn from two cities and three industrial sectors was analyzed by means of structural equation modeling. Positive and significant relationships were revealed between Socialist Ideology and both Chinese Traditional Values and Deng’s Philosophy. While a negative and significant relationship was shown between Socialist Ideology and Capitalist Values, Capitalist Values were positively and significantly related to Deng’s Philosophy. Chinese businesspersons live with some apparent contradictions between espoused values and the realities of economic life. The paper explores how they are reconciled and examines their implications for various stakeholders.

Keywords: China; Values; Ideology; Pragmatism; Mao; Deng (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://link.springer.com/10.1007/s11575-012-0155-y Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:manint:v:53:y:2013:i:3:d:10.1007_s11575-012-0155-y

Ordering information: This journal article can be ordered from
http://www.springer.com/journal/11575

DOI: 10.1007/s11575-012-0155-y

Access Statistics for this article

Management International Review is currently edited by Michael-Jörg Oesterle and Joachim Wolf

More articles in Management International Review from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().