Guanxi in risk taking and uncertain business conditions: a universal practice? an exploratory study

S.J. Paliwoda, P. Luk, C. Chua

Research output: Contribution to conferencePaper

Abstract

The increasing acceptance of guanxi as a way to reduce uncertainty and risk in business dealings is explored. Guanxi, commonly practiced in China, is a form of social network of personal connections. Moreover, this paper suggests that guanxi has become a universal practice. It is not only a preferred way of doing business in China, but also in markets and conditions where certainty and legal transparency are still in dire need.

Conference

ConferenceAcademy of International Business Annual Conference
CityBeijing, China
Period23/06/0626/06/06

Fingerprint

Guanxi
Exploratory study
Risk taking
China
Transparency
Risk and uncertainty
Acceptance
Social networks

Keywords

  • guanxi
  • risk taking
  • uncertain business conditions

Cite this

Paliwoda, S. J., Luk, P., & Chua, C. (2006). Guanxi in risk taking and uncertain business conditions: a universal practice? an exploratory study. Paper presented at Academy of International Business Annual Conference, Beijing, China, .
Paliwoda, S.J. ; Luk, P. ; Chua, C. / Guanxi in risk taking and uncertain business conditions: a universal practice? an exploratory study. Paper presented at Academy of International Business Annual Conference, Beijing, China, .
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abstract = "The increasing acceptance of guanxi as a way to reduce uncertainty and risk in business dealings is explored. Guanxi, commonly practiced in China, is a form of social network of personal connections. Moreover, this paper suggests that guanxi has become a universal practice. It is not only a preferred way of doing business in China, but also in markets and conditions where certainty and legal transparency are still in dire need.",
keywords = "guanxi, risk taking, uncertain business conditions",
author = "S.J. Paliwoda and P. Luk and C. Chua",
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note = "Academy of International Business Annual Conference ; Conference date: 23-06-2006 Through 26-06-2006",

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Paliwoda, SJ, Luk, P & Chua, C 2006, 'Guanxi in risk taking and uncertain business conditions: a universal practice? an exploratory study' Paper presented at Academy of International Business Annual Conference, Beijing, China, 23/06/06 - 26/06/06, .

Guanxi in risk taking and uncertain business conditions: a universal practice? an exploratory study. / Paliwoda, S.J.; Luk, P.; Chua, C.

2006. Paper presented at Academy of International Business Annual Conference, Beijing, China, .

Research output: Contribution to conferencePaper

TY - CONF

T1 - Guanxi in risk taking and uncertain business conditions: a universal practice? an exploratory study

AU - Paliwoda, S.J.

AU - Luk, P.

AU - Chua, C.

PY - 2006

Y1 - 2006

N2 - The increasing acceptance of guanxi as a way to reduce uncertainty and risk in business dealings is explored. Guanxi, commonly practiced in China, is a form of social network of personal connections. Moreover, this paper suggests that guanxi has become a universal practice. It is not only a preferred way of doing business in China, but also in markets and conditions where certainty and legal transparency are still in dire need.

AB - The increasing acceptance of guanxi as a way to reduce uncertainty and risk in business dealings is explored. Guanxi, commonly practiced in China, is a form of social network of personal connections. Moreover, this paper suggests that guanxi has become a universal practice. It is not only a preferred way of doing business in China, but also in markets and conditions where certainty and legal transparency are still in dire need.

KW - guanxi

KW - risk taking

KW - uncertain business conditions

UR - http://aib.msu.edu/events/2006/AIB2006_Proceedings.pdf

M3 - Paper

ER -

Paliwoda SJ, Luk P, Chua C. Guanxi in risk taking and uncertain business conditions: a universal practice? an exploratory study. 2006. Paper presented at Academy of International Business Annual Conference, Beijing, China, .