Latest lessons from the bankruptcy of state-owned enterprises (SOEs) in China : an interpretative structural model (ISM) approach

State-owned enterprises (SOEs) play an important role in China. During the transformation from a planned to a market economy, plenty of Chinese SOEs fell into trouble. Dalian machine tool group (DMTG) who was once a leading enterprise in the Chinese machine tool industry bankrupted in 2017. To explo...

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Detalhes bibliográficos
Autores: Lin, Qin|||0000-0002-3207-9185, Feng, Lin, Khiewngamdee, Chatchai, Li, Pingping, Ye, Xiaofei
Tipo de documento: artigo
Data de publicação:2022
País:España
Recursos:Universitat Politècnica de Catalunya (UPC)
Repositório:UPCommons. Portal del coneixement obert de la UPC
Idioma:inglês
OAI Identifier:oai:upcommons.upc.edu:2117/368391
Acesso em linha:https://hdl.handle.net/2117/368391
https://dx.doi.org/10.1155/2022/1109442
Access Level:Acceso aberto
Palavra-chave:Government business enterprises--China
Bankruptcy--China
Empreses públiques -- Xina
Fallida -- Xina
Àrees temàtiques de la UPC::Economia i organització d'empreses::Direcció d'operacions
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spelling Latest lessons from the bankruptcy of state-owned enterprises (SOEs) in China : an interpretative structural model (ISM) approachLin, Qin|||0000-0002-3207-9185Feng, LinKhiewngamdee, ChatchaiLi, PingpingYe, XiaofeiGovernment business enterprises--ChinaBankruptcy--ChinaEmpreses públiques -- XinaFallida -- XinaÀrees temàtiques de la UPC::Economia i organització d'empreses::Direcció d'operacionsState-owned enterprises (SOEs) play an important role in China. During the transformation from a planned to a market economy, plenty of Chinese SOEs fell into trouble. Dalian machine tool group (DMTG) who was once a leading enterprise in the Chinese machine tool industry bankrupted in 2017. To explore the causes of its collapse, we employ the interpretative structural model (ISM) to investigate the reasons for its failures from multi-aspect and at different levels. The results indicate that the root cause of this bankruptcy is the top manager’s mismanagement; the lack of a reasonable strategic positioning and long-term product planning are also important factors of DMTG’s failure, and the problems of human resource management accelerated the bankruptcy. Findings provide lessons to be learned from the bankruptcy for SOEs and offer managerial insight into SOEs.Peer ReviewedHindawi20222022-01-0120222022-06-14journal articlehttp://purl.org/coar/resource_type/c_6501VoRhttp://purl.org/coar/version/c_970fb48d4fbd8a85info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/2117/368391https://dx.doi.org/10.1155/2022/1109442reponame:UPCommons. Portal del coneixement obert de la UPCinstname:Universitat Politècnica de Catalunya (UPC)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2Attribution-NonCommercial-NoDerivatives 4.0 Internationalhttp://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessoai:upcommons.upc.edu:2117/3683912026-05-27T15:37:01Z
dc.title.none.fl_str_mv Latest lessons from the bankruptcy of state-owned enterprises (SOEs) in China : an interpretative structural model (ISM) approach
title Latest lessons from the bankruptcy of state-owned enterprises (SOEs) in China : an interpretative structural model (ISM) approach
spellingShingle Latest lessons from the bankruptcy of state-owned enterprises (SOEs) in China : an interpretative structural model (ISM) approach
Lin, Qin|||0000-0002-3207-9185
Government business enterprises--China
Bankruptcy--China
Empreses públiques -- Xina
Fallida -- Xina
Àrees temàtiques de la UPC::Economia i organització d'empreses::Direcció d'operacions
title_short Latest lessons from the bankruptcy of state-owned enterprises (SOEs) in China : an interpretative structural model (ISM) approach
title_full Latest lessons from the bankruptcy of state-owned enterprises (SOEs) in China : an interpretative structural model (ISM) approach
title_fullStr Latest lessons from the bankruptcy of state-owned enterprises (SOEs) in China : an interpretative structural model (ISM) approach
title_full_unstemmed Latest lessons from the bankruptcy of state-owned enterprises (SOEs) in China : an interpretative structural model (ISM) approach
title_sort Latest lessons from the bankruptcy of state-owned enterprises (SOEs) in China : an interpretative structural model (ISM) approach
dc.creator.none.fl_str_mv Lin, Qin|||0000-0002-3207-9185
Feng, Lin
Khiewngamdee, Chatchai
Li, Pingping
Ye, Xiaofei
author Lin, Qin|||0000-0002-3207-9185
author_facet Lin, Qin|||0000-0002-3207-9185
Feng, Lin
Khiewngamdee, Chatchai
Li, Pingping
Ye, Xiaofei
author_role author
author2 Feng, Lin
Khiewngamdee, Chatchai
Li, Pingping
Ye, Xiaofei
author2_role author
author
author
author
dc.subject.none.fl_str_mv Government business enterprises--China
Bankruptcy--China
Empreses públiques -- Xina
Fallida -- Xina
Àrees temàtiques de la UPC::Economia i organització d'empreses::Direcció d'operacions
topic Government business enterprises--China
Bankruptcy--China
Empreses públiques -- Xina
Fallida -- Xina
Àrees temàtiques de la UPC::Economia i organització d'empreses::Direcció d'operacions
description State-owned enterprises (SOEs) play an important role in China. During the transformation from a planned to a market economy, plenty of Chinese SOEs fell into trouble. Dalian machine tool group (DMTG) who was once a leading enterprise in the Chinese machine tool industry bankrupted in 2017. To explore the causes of its collapse, we employ the interpretative structural model (ISM) to investigate the reasons for its failures from multi-aspect and at different levels. The results indicate that the root cause of this bankruptcy is the top manager’s mismanagement; the lack of a reasonable strategic positioning and long-term product planning are also important factors of DMTG’s failure, and the problems of human resource management accelerated the bankruptcy. Findings provide lessons to be learned from the bankruptcy for SOEs and offer managerial insight into SOEs.
publishDate 2022
dc.date.none.fl_str_mv 2022
2022-01-01
2022
2022-06-14
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
VoR
http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/2117/368391
https://dx.doi.org/10.1155/2022/1109442
url https://hdl.handle.net/2117/368391
https://dx.doi.org/10.1155/2022/1109442
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution-NonCommercial-NoDerivatives 4.0 International
http://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution-NonCommercial-NoDerivatives 4.0 International
http://creativecommons.org/licenses/by-nc-nd/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Hindawi
publisher.none.fl_str_mv Hindawi
dc.source.none.fl_str_mv reponame:UPCommons. Portal del coneixement obert de la UPC
instname:Universitat Politècnica de Catalunya (UPC)
instname_str Universitat Politècnica de Catalunya (UPC)
reponame_str UPCommons. Portal del coneixement obert de la UPC
collection UPCommons. Portal del coneixement obert de la UPC
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,300719

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