Why are social network transactions important? Evidence based on the concentration of key suppliers and customers in China
Based on a new institutional economy framework, this study examines the formation and economic consequences of social networks (guanxi) from the perspective of key suppliers and customers in China. Results show that commercial activities which depend on networks are determined by the institutional e...
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| Format: | Article |
| Language: | English |
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Elsevier
2011-09-01
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| Series: | China Journal of Accounting Research |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S1755309111000165 |