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

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

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

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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.

Original language	English
Publication status	Published - 2006
Event	Academy of International Business Annual Conference - Beijing, China Duration: 23 Jun 2006 → 26 Jun 2006

Conference

Conference	Academy of International Business Annual Conference
City	Beijing, China
Period	23/06/06 → 26/06/06

Keywords

guanxi
risk taking
uncertain business conditions

Cite this

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

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",

year = "2006",

language = "English",

note = "Academy of International Business Annual Conference ; Conference date: 23-06-2006 Through 26-06-2006",

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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

T2 - Academy of International Business Annual Conference

Y2 - 23 June 2006 through 26 June 2006

ER -

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

Abstract

Conference

Keywords

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Cite this