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Article
Publication date: 29 October 2020

TianLong Ma and Huiping Zhang

This study aims to disclose how the nature of corporate ownership, stock efficiency and wage level affect the optimal proportion of employee stock.

Abstract

Purpose

This study aims to disclose how the nature of corporate ownership, stock efficiency and wage level affect the optimal proportion of employee stock.

Design/methodology/approach

This paper studies three duopoly markets: two private enterprises, two state-owned enterprises (SOEs) and a private enterprise and an SOE. The competitions between the two parties are taken as a two-stage dynamic sequential game and studied through back-induction.

Findings

The results reveal that the enterprise ownership has a directly bearing on the optimal proportion of employee stock and determines whether to implement the employee stock ownership plan (ESOP) and the specific level of the plan. The optimal proportion of employee stock is positively correlated with its contribution to enterprise efficiency. There are many influencing factors on the effect of wage level on the optimal proportion of employee stock, namely, the ownership nature of ESOP implementer and efficiency difference of different nature stocks.

Social implications

The results of this study provide policy recommendations for companies preparing to implement ESOP.

Originality/value

The research findings provide policy implications for enterprises to prepare a suitable ESOP and the reform of national equities, especially the mixed-ownership reform in China.

Details

Journal of Organizational Change Management, vol. 33 no. 6
Type: Research Article
ISSN: 0953-4814

Keywords

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Article
Publication date: 7 September 2015

Yonghong Zuo, Ling Ma, Hailong Cai, Tianlong Wu and Xian Xin

The Chinese Government relies heavily on increasing farming scale to address the new challenges facing China’s agricultural development. A basket of polices targeted at…

Abstract

Purpose

The Chinese Government relies heavily on increasing farming scale to address the new challenges facing China’s agricultural development. A basket of polices targeted at increasing farming scale has been issued in recent years thereby resulting to debates over large-scale farming in China. The purpose of this paper is to summarize and highlight the debate over China’s on-going large-scale farming.

Design/methodology/approach

This paper contributes to the policy debates over large-scale farming in China by reviewing the existing literature on the positive and negative impacts of large-scale farming on agricultural development, land productivity, and national food security. This paper overviews the different ideas and findings of studies associated with the topic.

Findings

The mainstream literature supports the idea that large-scale farming will address the challenges facing China’s agricultural development, while others argue that it crowds out the benefits of small farmers, and raises concerns over inequalities of resources allocation and income distribution, and undermines social stability. While proponents argue that large-scale farming may lead to rise in land productivity, opponents argue that it may result into decrease in land productivity and national grain output.

Originality/value

This paper is a policy review based on existing works. It organizes the different debates over large-scale farming in China, and highlights the key arguments put forward.

Details

China Agricultural Economic Review, vol. 7 no. 3
Type: Research Article
ISSN: 1756-137X

Keywords

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Article
Publication date: 17 August 2018

Jennifer Nazareno, Min Zhou and Tianlong You

The purpose of this paper is to review the existing literature on immigrant entrepreneurship since the mid-2000s to examine the changing trends, variations and theoretical…

Abstract

Purpose

The purpose of this paper is to review the existing literature on immigrant entrepreneurship since the mid-2000s to examine the changing trends, variations and theoretical advances in immigrant entrepreneurship in Western societies.

Design/methodology/approach

Using the SocIndex and Proquest Business Premium databases, the authors conducted a literature review of about 100 peer-reviewed articles published since the mid-2000s. The authors critically assess the main research findings, identify key concepts and models that have been developed over the past decade, and offer new theoretical insight into the ever-changing global dynamics of immigrant entrepreneurship. Although the focus is on the USA, the authors also include some seminal research based in other Western countries of immigrant reception.

Findings

Based on a critical review of existing research that has been published between 2004 and the present, the authors highlight main trends and variations of the entrepreneurial endeavors among diasporic migrants, address the emerging forces shaping immigrant entrepreneurship, highlight theoretical advances in the field of entrepreneurship studies, and suggest new directions for future research. The authors note that the changing trends and ethnonational variations are caused not only by unequal access to human capital, social capital, financial capital, and cross-border venture capital on the part of individual entrepreneurs, but also by differences in broader structural circumstances in the home country and/or host country and interaction between national/local and transnational/global forces. The authors discuss new theoretical advances, identify gaps and raise questions for future research.

Originality/value

The review offers important insight into the ever-changing local and global dynamics of immigrant entrepreneurship and broadens the established conceptual and theoretical models in the sociology of immigrant/ethnic entrepreneurship.

Details

International Journal of Entrepreneurial Behavior & Research, vol. 25 no. 5
Type: Research Article
ISSN: 1355-2554

Keywords

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