Session 26

Entrepreneurship in China

Track A

Date: Saturday, December 15, 2012

 

Time: 11:15 – 12:30

Paper

Room: Meeting Room 2


Session Chair:

  • Charles Eesley, Stanford University

Title: Changing Entrepreneurial Strategies to Developing Capitalist Institutions: A Look at Chinese Technology Entrepreneurs 1988-2007

Authors

  • Delin Yang, Tsinghua University
  • Charles Eesley, Stanford University

Abstract: Our understanding of institutional change and strategy is limited. Institutions will influence the types of strategies that result in higher performance in entrepreneurial firms. This paper shows that different strategies and firm characteristics will explain variation in performance as institutional change occurs. Exploiting temporal and geographical variation in the institutional environment in China, this paper examines the impact of institutional change on the effectiveness of entrepreneurial strategies. Unique data were collected through survey responses from alumni who graduated from Tsinghua University.

Title: Ownership, Social Embeddedness and Firm Performance: An Empirical Study of Chinese Private Owned Enterprise

Authors

  • Hang Zhu, Sun Yat-sen University
  • Zhang Wei, Tsinghua University
  • Yonglong Zhou, Sun Yat-sen University

Abstract: Traditional definition of family business doesn’t distinguish the individual ownership with the real family ownership, so researchers often neglect the family influence on the business. Integrating the theory of social embeddedness with socioemotional wealth perspective, the study tried to explore the family influence on the owner’s action and firm performance. The authors hypothesized that (1) Unlike the individual owner, the family owners aren’t less likely to follow the logic of self-serving; (2) family businesses controlled by the main owner and his or her core family members outperform those controlled by several core families belonging to a same family; (3) ownership dispersion among core families is negatively affects firm performance. Panel data from Chinese stock market will be used to test these hypotheses.

Title: The Impact of Founders’ Academic Experiences on Formation of Firm-Alma Mater Interactive Linkages

Authors

  • Wei Wei, Tsinghua University
  • Donghong Li, Tsinghua University
  • Ing Chok, University of Southern California
  • Delin Yang, Tsinghua University
  • Huiyong Shang, China Center for SME Development

Abstract: Are firms founded by alumni and graduates more likely to collaborate with their alma maters than others? Given the importance of academic engagement, the vast amount of research on entrepreneurship has not answered this question. Drawing on previous studies on founder's background and university-industry linkage, we attempt to answer the question in a Chinese metropolitan context. We provide a novel classification of university-industry ties and found that firms whose founding teams have higher proportion of alumni and lower proportion of highly-educated individuals are more likely to form interactive ties with the focal alma mater. The former effect is weaker for firms with high institution equity percentage. The latter effect does not apply to non-interactive ties. The findings have implications on academic entrepreneurs and university officers.

Title: When Do Foreign VC Firms Syndicate With Domestic VC firms in China: A Multi-level Analysis

Authors

  • Xiru Zhang, Peking University
  • Jiangyong Lu, Peking University

Abstract: We investigate the foreign VC firms’ syndication strategy with domestic VC firms in China employing institutional theory and resource-based view. We argue that syndication with domestic VC firms can help foreign VC firms mitigate local institutional risks and achieve local value. We examine multi-level factors of investment deals and foreign VC firms that influence foreign VC firms’ decision-making on syndication with domestic VC firms in China. Based on institutional theory, we propose that foreign VC firms are less likely to syndicate with domestic VC firms when investment deals are from regions where institutional environment is better developed, and when oversea exit channels are important for VC investments in China. From resource-based view, we propose that foreign VC firms are less likely to syndicate with domestic VC firms when they have more investment experiences in China, more domestic LPs and more domestic investment managers.

All Sessions in Track A...

Sat: 09:00 – 09:30
Session 35: Conference Welcome
Sat: 09:30 – 10:45
Session 30: Keynote Plenary Panel: Competing and Cooperating in and for China
Sat: 11:15 – 12:30
Session 4: Competition and Adaptation
Session 11: Firm Boundaries and Growth
Session 19: Global Strategy
Session 26: Entrepreneurship in China
Sat: 13:45 – 15:00
Session 31: Plenary Panel II: Collaborative Strategies in and for China
Sat: 15:30 – 16:45
Session 6: CSR and Sustainable Development
Session 7: Entrepreneurship
Session 9: Executives and Incentives
Session 22: Panel: Innovation
Session 24: Managing Innovation Strategies
Sat: 17:00 – 18:15
Session 5: Corporate Governance
Session 8: Evolution and Ecosystems
Session 10: FDI
Session 12: Innovation Strategy
Session 27: FDI and Institutions
Sun: 09:00 – 10:15
Session 32: Plenary Panel III: Corporate Governance and Executive Leadership in the Age of Globalization
Sun: 10:45 – 12:00
Session 13: Institutions
Session 15: Internationalization II
Session 16: Networks
Session 29: Resources and Capabilities
Sun: 13:45 – 15:00
Session 33: Plenary Panel IV: Strategic Management Research in China - What is Next?
Sun: 15:30 – 16:45
Session 3: Alliances and Cooperation
Session 14: Internationalization I
Session 17: Social Capital
Session 28: Governance, Knowledge, and Cooperation
Sun: 17:00 – 18:00
Session 34: Executives Plenary Panel: Innovation Strategy in China


Strategic Management Society

China