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Author: Cone, Malcolm H; Everett, André M
Title: Information asymmetry and mangement control issues in a Sino-French IJV in China
Journal Name: Euro Asia Journal of Management
Pub. Info: Jun. 2003, Vol.13, No.1, pp. 107-122
Abstract: Abstract : This paper analyzes differences in the management contral practices of Chinese and French managers in a joint venture between a Chinese state owned enterprise and a French commerical organization. The research is based on sixty interviews conducted with Chinese and French managers. We utilize the theory of autonomous field (Bourdieu), complexity models (Boisot and Child), and information economics (Stiglitz) to analyze the ways in which management control as exercised by the Chinese and French managers differs in a variety of contexts within the organization: (1) choosing options to predict demand, (2)collecting information for planning purposes, and (3) using competitions as means of controlling costs. Paragraph Headings: 1. Introduction 2.Theoretical background 2.1. Control 2.2. Asymmetric information 2.3. Complexity and information 3. Methodology 4. Findings 4.1. Choosing options to predict demand 4.2. Collecting information for planning purposes 4.3. Using competition as means of controlling costs 5. Discussion 6. Conclusions Figures: 1. The codification diffusion curve in information space(Boisot & Child, 1996)