Revisiting hanyeping company (1889-1908): A case study of China's early industrialisation and corporate history

Yun Liu*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

8 Citations (Scopus)

Abstract

This paper examines China's first modern industrial cartel, the Hanyeping Company, to understand China's early industrialisation and corporate history. From a firm-specific perspective, this pioneer trial by the Chinese scholar-bureaucrat elites turned out a failure largely because the firm failed to establish effective corporate governance. The archival evidence indicates that its institutional deficiency was also closely correlated with the over-stressing of the role of elites. The state-led pattern and top-down approach taken by those elites can also help explain its evolution. The lessons from this case study are useful for China's ongoing transitions today.

Original languageEnglish
Pages (from-to)62-73
Number of pages12
JournalBusiness History
Volume52
Issue number1
DOIs
Publication statusPublished - Feb 2010
Externally publishedYes

Keywords

  • China
  • Corporate history
  • Hanyeping
  • Industrialisation

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