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The growing challenges of corruption in China
Author(s) -
Michelman Jeffrey E.,
MacArthur John B.,
Shea Christina
Publication year - 2011
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.20718
Subject(s) - china , language change , business , face (sociological concept) , people's republic , political science , law , art , social science , literature , sociology
The People's Republic of China has become a dominant part of the global marketplace, and many US and foreign companies are eager to enter the fast‐growing, profitable Chinese marketplace. China does offer many exciting business opportunities and financial rewards. But companies also face significant business risks from long‐standing business practices entrenched in the Chinese business culture. And those practices conflict with US laws and regulations. How can companies doing business with China achieve success and minimize business risks from corruption in China? © 2011 Wiley Periodicals, Inc.