Residential College | false |
Status | 已發表Published |
The effects of newly emergent non–state-controlled Chinese firms adapting an established practice from state-owned organizations: evidence of symbolic compliance from a natural experiment | |
Liuchuang Li1; Bin Srinidhi2; Zhongbo Yu3; Hao Zhang4 | |
2019 | |
Source Publication | ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS |
ABS Journal Level | 2 |
ISSN | 1608-1625 |
Volume | 29Issue:5Pages:1376–1393 |
Abstract | We examine the puzzling observation of newly emergent Chinese non– state-controlled enterprises (NSCEs) adapting the long-established practice from state-controlled organizations of inviting state officials for general nontechnical and nonregulatory visits and then publicizing these visits in the media even though such visits impose significant costs on these firms. This context is unique and allows for a natural experiment in which newly emergent organizations that lack inherent legitimacy and cannot undertake substantial identification resort to symbolic compliance to enhance legitimacy. We show that these visits result in better operating and market performance, and reduce the risk in the visited NSCEs. We interpret this result as providing evidence that symbolic compliance is effective to enhance legitimacy. |
Keyword | Non–state-controlled Firms Symbolic Compliance Legitimacy Enhancement |
DOI | 10.1080/16081625.2019.1618717 |
Language | 英語English |
Scopus ID | 2-s2.0-85138508724 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | DEPARTMENT OF ACCOUNTING AND INFORMATION MANAGEMENT |
Corresponding Author | Hao Zhang |
Affiliation | 1.Department of Accounting, Xian Jiatong University, Xian, China 2.Department of Accounting, University of Texas, Arlington, TX, USA 3.Shenzhen Stock Exchange Research Institute, Shenzhen, China 4.Department of Accounting and Information Management, University of Macau, Macau, China |
Corresponding Author Affilication | University of Macau |
Recommended Citation GB/T 7714 | Liuchuang Li,Bin Srinidhi,Zhongbo Yu,et al. The effects of newly emergent non–state-controlled Chinese firms adapting an established practice from state-owned organizations: evidence of symbolic compliance from a natural experiment[J]. ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS, 2019, 29(5), 1376–1393. |
APA | Liuchuang Li., Bin Srinidhi., Zhongbo Yu., & Hao Zhang (2019). The effects of newly emergent non–state-controlled Chinese firms adapting an established practice from state-owned organizations: evidence of symbolic compliance from a natural experiment. ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS, 29(5), 1376–1393. |
MLA | Liuchuang Li,et al."The effects of newly emergent non–state-controlled Chinese firms adapting an established practice from state-owned organizations: evidence of symbolic compliance from a natural experiment".ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS 29.5(2019):1376–1393. |
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