SMALL BUSINESS SURVIVAL IN CHINA: GUANXI, LEGITIMACY, AND SOCIAL CAPITAL

Elliot Carlisle () and Dave Flynn ()
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Elliot Carlisle: University of Massachusetts, Amherst, MA 10002, USA
Dave Flynn: Hofstra University, Hempstead, NY 11549, USA

Journal of Developmental Entrepreneurship (JDE), 2005, vol. 10, issue 01, 79-96

Abstract: Previous research suggests that guanxi "costs" are significantly higher for private Chinese enterprises versus all other enterprise types, i.e., state, township and village (TVE), domestic and foreign enterprises. Also, consistent with its cultural context, guanxi is considered to be equally important in business as it is in life for all types of Chinese enterprises. Herein, the discussion is extended to describe the concept of guanxi as a means of garnering social capital in order to maintain legitimacy. Furthermore, some practical means are suggested for entrepreneurs and small business owners to build a necessary foundation for survival.

Keywords: Guanxi; legitimacy; social capital; development in China; organizational survival (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (11)

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DOI: 10.1142/S1084946705000070

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