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Financial resources and product market development: Strategic choice and institutional processes during China's transition

Publication ,  Journal Article
Keister, LA; Lu, J
Published in: Sociological Forum
June 1, 2004

During an economic transition from socialism, market exchange replaces redistribution. We study firm decisions to enter product markets to understand the factors that influence this process. Managers in Chinese State Owned Enterprises operated within institutional constraints to make strategic decisions, and state intervention shaped which factors were salient. Firms financed through central government and bond issues relied less on markets. Firms funded through local government moved into markets faster; firms funded by banks were initially faster to markets but slower to markets after bank reform shifted lending policies. Thus, the accessibility, flexibility, and stability of financing shaped decisions about market entrance.

Duke Scholars

Published In

Sociological Forum

DOI

ISSN

0884-8971

Publication Date

June 1, 2004

Volume

19

Issue

2

Start / End Page

229 / 254

Related Subject Headings

  • Sociology
  • 1608 Sociology
 

Citation

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ICMJE
MLA
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Keister, L. A., & Lu, J. (2004). Financial resources and product market development: Strategic choice and institutional processes during China's transition. Sociological Forum, 19(2), 229–254. https://doi.org/10.1023/B:SOFO.0000031981.07348.89
Keister, L. A., and J. Lu. “Financial resources and product market development: Strategic choice and institutional processes during China's transition.” Sociological Forum 19, no. 2 (June 1, 2004): 229–54. https://doi.org/10.1023/B:SOFO.0000031981.07348.89.
Keister, L. A., and J. Lu. “Financial resources and product market development: Strategic choice and institutional processes during China's transition.” Sociological Forum, vol. 19, no. 2, June 2004, pp. 229–54. Scopus, doi:10.1023/B:SOFO.0000031981.07348.89.
Journal cover image

Published In

Sociological Forum

DOI

ISSN

0884-8971

Publication Date

June 1, 2004

Volume

19

Issue

2

Start / End Page

229 / 254

Related Subject Headings

  • Sociology
  • 1608 Sociology