Confucian business practices and firm competitiveness: The case of Sinyi Real Estate

Terence Tsai, Michael YOUNG, Bor shiuan Cheng

    Research output: Contribution to journalJournal articlepeer-review

    12 Citations (Scopus)

    Abstract

    Throughout the 20th century, many East Asian societies imported and transplanted the institutional foundations for industrialization and market economies, which has provided for substantial advances in material well-being. However, Confucianism, the predominant basis of traditional Chinese morality since antiquity, has begun staging a comeback in the recent years. Yet it is unclear as to how modern Confucian firms in a market economy will be organized, or how this will affect firm competitiveness. To shed further light on these issues, we examine the extant literature and identify several characteristics associated with Confucian business practice along with their potential impact on firm performance. We illustrate each of these characteristics with a company that explicitly follows Confucian business practice-Taiwan-based Sinyi Real Estate. It is found that, in general, Sinyi Real Estate conforms to the description of Confucian-based business practice that is expounded in the extant literature. However, there are a few surprises.

    Original languageEnglish
    Pages (from-to)317-343
    Number of pages27
    JournalFrontiers of Business Research in China
    Volume5
    Issue number3
    DOIs
    Publication statusPublished - Sept 2011

    Scopus Subject Areas

    • Business, Management and Accounting(all)
    • Public Administration

    User-Defined Keywords

    • benevolent paternalism
    • collective good
    • competitiveness
    • Confucianism
    • righteousness
    • self-cultivation
    • Sinyi Real Estate

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