Local Ethnic Chinese Business

2018 ◽  
pp. 97-119
Author(s):  
Wu-Ling Chong
Keyword(s):  
Rule Of Law ◽  
Business Environment ◽  
Business Practices ◽  
Ethnic Chinese ◽  
Chinese Business ◽  
Business System ◽  
Personal Interests

This chapter explores the illegal or semi-legal means Chinese Indonesian businesspeople tend to adopt to gain and protect their business and personal interests in the post-Suharto era. These business practices in turn perpetuate and reproduce the corrupt and muddy business environment, as well as the predatory political-business system. They also reproduce and reinforce stereotypes of the Chinese as wealthy, corrupt, and opportunistic, the perfect targets of extortion. Although there are also Chinese businesspeople who refuse to be victims of extortion and choose to fight against these illegal practices, such businesspeople are rare. If one wishes to see more Chinese Indonesian businesspeople who refuse to be extorted and do not get involved in illegal and semi-legal practices, a better-enforced rule of law must be in place.

scholarly journals The Relevancy of the ‘Guanxi ‘and ‘Xinyong’ Concepts in Chinese Business Capitalization in Indonesia

2020 ◽  
Author(s):  
Mohammad Fajar Ikhsan ◽  
Ahmad Bashawir Abdul Ghani ◽  
Muhammad Subhan
Keyword(s):  
Minority Groups ◽  
Community Organization ◽  
Minority Group ◽  
The Philippines ◽  
Business Success ◽  
Business Practices ◽  
Political Connection ◽  
Ethnic Chinese ◽  
Chinese Business ◽  
Library Research

The concepts of ‘guanxi’ (relationships and networking) and ‘xinyong’ (interpersonal trust) in Chinese traditional ethics are often studied as the key factors that contribute to the pattern and succession of the ethnic Chinese in business practices which are based on the cultural approach. In the context of Southeast Asia such as in Indonesia, Malaysia, The Philippines, the ethnic Chinese are one of the minority groups whose profession is dominantly that of a businessman or an entrepreneur. As stated in the literature, even though the ethnic Chinese are classified as a minority group in those countries, some of the Chinese capitalist groups had controlled 70-80% of the private business sector. However, these two traditional concepts are not the only main factors of the Chinese business success, but the ‘irregular’ business pattern such as the patronage relationship with political elites also becomes the most important criteria. Hence, this study needed to re-examine and clarify whether the implementation of the guanxi and xinyong concepts in Chinese business activities are still relevant in their business practice due to the political connection in the Chinese business succession also being a dominant variable. This study was based on a fieldwork conducted in Indonesia especially in Medan City of Indonesia and used the descriptive qualitative method through interviews and library research. This aim of this study were three fold: the first was to discuss the relevance of the guanxi and xinyong concept in Chinese business practices, the second was to discuss whether the Chinese business practices were more influenced by a formal community organization or rather influenced by an informal network among Chinese businessmen through guanxi and xinyong bases, third, this study also discussed the challenges faced by the Chinese in attempting their business interests.  

The evolution of Chinese business ethics

2014 ◽  
Vol 37 (9) ◽  
pp. 778-790 ◽  
Author(s):  
Ron Berger ◽  
Ram Herstein
Keyword(s):  
Business Ethics ◽  
Success Factors ◽  
Business Environment ◽  
Chinese Economy ◽  
Business Practices ◽  
Global Business ◽  
Chinese Firms ◽  
Content Type ◽  
Chinese Business ◽  
Business Ethics In China

Purpose – This article aims to present a historical overview of the evolution of business ethics in China and highlights the ways in which its ethical structure lags behind its rapid economic expansion. Understanding Guanxi, the Chinese social network of reciprocal business relations common in Confucian cultures, has long been recognized as one of the major success factors when doing business in China (Hwang et al., 2009). Recognizing the significant impact of Guanxi and its influence on everyday dealings in China is, thus, crucial for Western firms. Whereas considerable research has dealt with the growth of Chinese industries in recent years, the key relationship between changes in its economy and shifts in Chinese business ethics has been neglected although it impacts the ways Westerners, in particular, both clinch deals and judge Chinese firms. The implications of this disparity for global business are discussed. Design/methodology/approach – The discussion draws on the academic literature and the researchers’ experience in how business and business ethics are conducted between Western and Chinese firms. This paper presents a content analysis of theoretical articles and compares them to conceptual and empirical approaches, with an emphasis on a pragmatic approach to fostering a better understanding of the evolution of Chinese business ethics and its implications on business practices. Findings – Maps the evolution of business ethics in China and need to adapt to an ever changing business environment. Originality/value – This study offers a new insight to the evolution of Chinese business ethics and highlights its importance in business interactions. It illustrates the co-evolution of business ethics in parallel with the advancement of the Chinese economy. This paper is the first paper that addresses the issue of the evolution and formation of Chinese business ethics and links it to economic progress and opening up to the West.

Business Environment in West Bengal: An Ethical Issue

Think India ◽  
2016 ◽  
Vol 19 (1) ◽  
pp. 35-41
Author(s):  
Sreekumar Ray
Keyword(s):  
West Bengal ◽  
Balance Sheet ◽  
Business Environment ◽  
Business Practices ◽  
Ethical Business ◽  
Industrial Growth ◽  
Long Run ◽  
Fixed Assets ◽  
Finance Company ◽  
Set Up

Ethics in Business are keywords in any business environment which are lacking in most of the cases. In a broad sense ethics means not to cheat others and to do the business in an honest way, to abide by the rules and regulations of the soil, and above all to keep the morale high so that the business can grow to a new height in long run. Unfair means and unethical business practices to earn money quickly are often fraught with the danger of losing the business permanently or losing the goodwill and respect of society. West Bengal has got bad reputation for industrial growth and fake chit funds and it has been named as ponzy capital of India by many as 72 out of 86 fake chit funds are in the state of West Bengal (as per the Report of Ministry of Corporate Affairs, Govt. of India). On the other hand the micro finance company Bandhan which has got Banking license last year (set up in 2001 in West Bengal) and Eins Edutech the company which was originally incorporated on March 9, 1983, as Ganpat Udyog in West Bengal are worth mentioning and at ease one can feel proud of them. As on 17th April, 2015 the latter company has got market capital of Rs.700 crore with its fixed assets, as per its balance sheet, as only two cell phones and one printer. As per monthly status of Bandhan in February 2015 it has 2,022 branches, 63,66,269 borrowers, 15,956 staff, loan disbursed for the month Rs.1,572 crores, and loan outstanding Rs.8,908 crores. Under such situation, this study focuses on the ethical business environment prevailing in West Bengal and the strategies adopted by them.

Adapting the scrum methodology for establishing the dynamic inter-organizational collaboration

2018 ◽  
Vol 31 (4) ◽  
pp. 852-866 ◽  
Author(s):  
Mohammad Reza Mollahoseini Ardakani ◽  
Seyyed Mohsen Hashemi ◽  
Mohammadreza Razzazi
Keyword(s):  
Value Added ◽  
Business Environment ◽  
Professional Organizations ◽  
Business Practices ◽  
Content Type ◽  
Incremental Method ◽  
Business Environments ◽  
Project Life Cycle ◽  
Modern Business ◽  
Project Life

Purpose The purpose of this paper is to propose an applicable method for establishing the dynamic inter-organizational collaborations (DIOCs) based on the scrum methodology. Design/methodology/approach The scrum methodology embedded within the context of the DIOC project life cycle was used and adapted to being usable with specific characteristics of the project. Findings In order to succeed in the highly competitive, dynamic and changing business environments, the organizations need to change their view of business practices. The transition from the traditional status of manufacturing to the inter-organizational collaborations can be one of the fundamental changes in the modern business management. The proposed method has the capability to establish DIOCs effectively and efficiently whilst guaranteeing agility, competitiveness, and risk timely management. Originality/value Establishing collaborative alliances via association of various experienced and professional organizations and producing the value-added market’s need services is an effective and efficient solution for survival of SMEs in the current competitive, dynamic and changing business environment. So far, different frameworks, reference models/architectures, and many theoretical discussions have been presented for DIOCs context, but these representations are conceptual, empirical and generic. This paper aims to propose an applicable iterative and incremental method for establishing the DIOC which guarantees the agility and risk timely management of the establishment process and promotes competitiveness of partners.

scholarly journals Judaism and Jewish Business Practices

2018 ◽  
Vol 9 (4) ◽  
pp. 73
Author(s):  
Samuel L. Dunn ◽  
Joshua D. Jensen
Keyword(s):  
21St Century ◽  
Business Environment ◽  
Business Practices ◽  
Business Professionals ◽  
Global Business ◽  
Jewish Culture ◽  
Multiple Cultures ◽  
Basic Understanding ◽  
History Of ◽  
Business Professional

Today’s global business environment is extremely diverse. With the business tools and resources that are available today, organizations of any size can create a global footprint easier than ever before. Today’s business professionals must be educated and trained in how to effectively interact with multiple cultures in order to successfully navigate the global business environment. Knowledge, acceptance, and appreciation of various cultures along with a fervent understanding of business practices in various cultures is required of the 21st century global business professional. This paper focuses on Jewish culture and how it manifests itself through Jewish business practices. The purpose of this paper is to give the reader a basic understanding of the principal branches of Judaism, a history of Judaism, an explanation of Jewish beliefs, and an introduction to Jewish business practices in hopes that further study will be elicited.

Litigation against clients and audit report lag: an examination of the role of state ownership and regional legal development in China

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Hui Liu ◽  
Charles Cullinan ◽  
Junrui Zhang
Keyword(s):  
Financial Statements ◽  
Potential Effect ◽  
Business Environment ◽  
State Ownership ◽  
Audit Report ◽  
Government Ownership ◽  
Content Type ◽  
Legal Development ◽  
Chinese Business

Purpose Companies may be defendants in lawsuits that are unresolved at year-end. This paper aims to consider whether the financial statements of companies facing litigation claims (pending litigation) are more time-consuming to audit due to the complexity and subjectivity of contingent liabilities associated with pending litigation. The authors consider whether auditors tailor their approach to pending litigation based on two distinct factors in the Chinese business environment: the client’s government ownership status and the legal development of the region in which the company is based. Design/methodology/approach Data on litigation against companies and their audit report lags were obtained for 18,029 firm-year observations of Chinese companies from 2008 to 2017. The sample was subsequently divided based on whether the company was a state-owned enterprise (SOE) and based on whether the company was based in a region of China with a more-developed and more market-oriented legal system. Findings The overall results indicate that audits of companies with pending litigation take 2.9 days longer than those of companies without pending litigation. For companies with multiple pending claims, each additional claim is associated with 1.9 more days of audit report lag. These effects are weaker for SOEs and for companies in regions of China with less developed legal systems. The results are consistent with the idea that auditors tailor their response to pending litigation based on the risk profile of the client, including consideration of SOE status and regional legal development. Originality/value This paper is the first to consider the potential effect of pending litigation (including claims not disclosed or recognized in financial statements) on audit report lags and how environmental business factors can influence this relationship.

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