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Revisiting Hanyeping Company (1889-1908): A case study of China's early industrialisation and corporate history

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  • Yun Liu

Abstract

This paper examines China's first modern industrial cartel, the Hanyeping Company, to understand China's early industrialisation and corporate history. From a firm-specific perspective, this pioneer trial by the Chinese scholar-bureaucrat elites turned out a failure largely because the firm failed to establish effective corporate governance. The archival evidence indicates that its institutional deficiency was also closely correlated with the over-stressing of the role of elites. The state-led pattern and top-down approach taken by those elites can also help explain its evolution. The lessons from this case study are useful for China's ongoing transitions today.

Suggested Citation

  • Yun Liu, 2010. "Revisiting Hanyeping Company (1889-1908): A case study of China's early industrialisation and corporate history," Business History, Taylor & Francis Journals, vol. 52(1), pages 62-73.
    • Handle: RePEc:taf:bushst:v:52:y:2010:i:1:p:62-73
    DOI: 10.1080/00076790903469612
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    References listed on IDEAS

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    1. Douglass C. North, 2005. "Introduction to Understanding the Process of Economic Change," Introductory Chapters, in: Understanding the Process of Economic Change, Princeton University Press.
    2. Randall K. Morck, 2005. "A History of Corporate Governance around the World: Family Business Groups to Professional Managers," NBER Books, National Bureau of Economic Research, Inc, number morc05-1.
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