The Influence of Overseas Exposure on the Negotiation Styles of Chinese Private Equity Professionals

Many cultural and social psychological studies have been conducted at the societal level and at the individual level and generalised for all members in that society. This ignores the fact that there are many distinctive subgroups with their own subgroup cultures within a society. These subgroup cultures also have an influence on individuals, and need to be explored at an individual level. A survey in both English and Chinese was posted to 1,869 Chinese private equity professionals in the People’s Republic of China and Hong Kong and resulted in 376 responses. The survey measured the core values and beliefs of individualism, collectivism, power distance, social axioms, Machiavellianism, Confucianism, and preferred negotiation style for those who have had overseas exposure in Anglo-Saxon countries and those who have not. The theories employed in the study were institutional theory, the resource-based view, and social psychological theories. A partial least squares structural equation model was used to determine relationships. Significant differences between Chinese private equity professionals who have worked or studied in Anglo-Saxon countries and those who had not were found for individualism, vertical collectivism, Machiavellian control and status, three aspects of Confucianism, and also the controlling negotiation style. The model devised can be adapted for other societal subgroups to measure, not just preferred negotiation styles, but other important organizational relationship-dependent factors such as leadership style, decision-making, and trust. The model can be employed to further understand many types of organisations and industries anywhere in the world.

URI

http://hdl.handle.net/10454/15900

Type

Thesis

Qualification name

DBA