Combining Commerce and Culture

46 Pages Posted: 18 Jul 2006

See all articles by Barbara Krug

Barbara Krug

Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM); Erasmus Research Institute of Management (ERIM)

Frank Belschak

University of Cologne - Department of Economics

Date Written: 21 2001 1,

Abstract

It seldom happens that new firms, new industries, and new business systems need to be developed simultaneously. This, however, is the situation in transition economies such as China. Irrespective of product and technology used, incentives and governance structures need to be formulated that give business endeavours an organisational form. The survivability of firms depends further on the ability to start and maintain long-term business relations between contracting parties, while only a broad consensus within the community of entrepreneurs and firms on the procedures that co-ordinate business relations and sanctions transgression promises a decline in transaction costs sufficiently enough to trigger off the quick expansion of markets.

Keywords: economic development, transition, China, government, business networking

JEL Classification: M, M10, L2, P21

Suggested Citation

Krug, Barbara and Belschak, Frank, Combining Commerce and Culture (21 2001 1,). ERIM Report Series Reference No. ERS-2001-84-ORG. Available at SSRN: https://ssrn.com/abstract=370945

Barbara Krug (Contact Author)

Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM) ( email )

P.O. Box 1738
Room T08-21
3000 DR Rotterdam, 3000 DR
Netherlands

Erasmus Research Institute of Management (ERIM) ( email )

P.O. Box 1738
3000 DR Rotterdam
Netherlands

Frank Belschak

University of Cologne - Department of Economics ( email )

Herbert-Lewin-Str.2
Cologne, 50931
Germany
+49 221 470 2500 (Phone)
+49 221 470 5175 (Fax)

Register to save articles to
your library

Register

Paper statistics

Downloads
205
Abstract Views
1,825
rank
150,853
PlumX Metrics