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    MAO meets the market: reconciling ideology and pragmatism in China

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    Publication type
    Journal article with impact factor
    Author
    Yang, Song
    Stening, Bruce
    Publication Year
    2013
    Journal
    Management International Review
    Publication Volume
    53
    Publication Issue
    3
    Publication Begin page
    419
    Publication End page
    448
    Publication Number of pages
    30
    
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    Abstract
    This study sought to examine the relative impact of several competing sources of values and ideologies—Chinese Traditional Values, Capitalist Values, Socialist Ideology and Deng Xiaoping’s Philosophy—on Chinese businesspersons. In contrast to previous research that has focused almost exclusively on cultural influences, this research was aimed at also understanding political influences. Questionnaire data from 487 respondents drawn from two cities and three industrial sectors was analyzed by means of structural equation modeling. Positive and significant relationships were revealed between Socialist Ideology and both Chinese Traditional Values and Deng’s Philosophy. While a negative and significant relationship was shown between Socialist Ideology and Capitalist Values, Capitalist Values were positively and significantly related to Deng’s Philosophy. Chinese businesspersons live with some apparent contradictions between espoused values and the realities of economic life. The paper explores how they are reconciled and examines their implications for various stakeholders.
    Keyword
    China
    Knowledge Domain/Industry
    People Management & Leadership
    URI
    http://hdl.handle.net/20.500.12127/4572
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