Guanxi in risk taking and uncertain business conditions: a universal practice? an exploratory study

Paliwoda, S.J. and Luk, P. and Chua, C. (2006) Guanxi in risk taking and uncertain business conditions: a universal practice? an exploratory study. In: Academy of International Business Annual Conference, 2006-06-23 - 2006-06-26.

Abstract

The increasing acceptance of guanxi as a way to reduce uncertainty and risk in business dealings is explored. Guanxi, commonly practiced in China, is a form of social network of personal connections. Moreover, this paper suggests that guanxi has become a universal practice. It is not only a preferred way of doing business in China, but also in markets and conditions where certainty and legal transparency are still in dire need.

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• Item metadata

  Item type:	Conference or Workshop Item(Paper)
  ID code:	15906
  Dates:	Date Event 2006 Published
  Subjects:	Social Sciences > Commerce > Marketing. Distribution of products
  Department:	Strathclyde Business School > Marketing
  Depositing user:	Mrs Jan Whiteford
  Date deposited:	07 Mar 2010 14:39
  Last modified:	11 Nov 2024 16:21
  Related URLs:	Journal or Publication
  URI:	https://strathprints.strath.ac.uk/id/eprint/15906