In today’s globalized and competitive business environment, companies increasingly look to restructuring, mergers & acquisitions and downsizing to survive, grow and maximize profits. However, when they are not managed in a socially responsible manner, restructurings may exert the negative impact on employees, shareholders, communities, and society as a whole.
The book empirically explores the phenomena of corporate social responsibility (CSR), restructuring, and relationships with firms’ performance in China. It gives an insight into how Chinese firms respond to expectations of stakeholders by making social goals a part of their overall business operations. It also gives a fresh view of the new concept of socially responsible restructuring. For those seeking to promote socially responsible practices in restructuring, the book provides a unique and stimulating analysis and touchstone.
Cuprins
Theory and Literature.- Enterprise Reform and Restructuring in China.- Theoretical Framework and Hypotheses.- Data and Methodology.- The Effects of Managerial Values on Socially Responsible Restructuring.- Socially Responsible Restructuring and Firm’ Performance in the Listed Firms.- Balancing Economic and Social Value in Restructuring China’s Defense Industry.- Conclusion and Implications.
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