Host country managerial behaviour in Chinese and Hungarian joint ventures: assessment of competing explanations
Corporate governance does not operate in a vacuum. It is shaped by, and in turn, contributes to shaping both an institutional framework of industrial governance as well as specific cultural and historical forces. Separating out what is the part played by industrial governance and what is the part played by culture and history, however, is not easy. The line that divides them is readily blurred. One fruitful approach is to look at situations where industrial governance is across cultural boundaries, since this tends to bring to the surface issues that may originate in the way that governance is exercised rather than in cultural features.