Routledge : The Theory of the Firm and Chinese Enterprise Reform

Explore the changing landscape of corporate structure and economic reform in China with this insightful study from Routledge. In this book, Xiao examines how the role of corporate headquarters has driven significant shifts in the Chinese economy. By questioning conventional theories, the author introduces the 'substitution function model' to explain the nature of the modern firm. This work provides a unique perspective on how large corporations function as substitutes for the market. Readers gain access to a rare insider account of the reforms within the China International Trust and Investment Corporation (CITIC). It is an essential resource for those studying international accounting, business law, and the specific economic transitions occurring within Chinese enterprise structures. Whether you are researching corporate governance or the evolution of market mechanisms, this text offers a deep look into the real-world application of economic theory during China's reform era.