1;Foreword;5<br />2;Preface;7<br />3;Acknowledgements;10<br />4;Contents;11<br />5;Abbreviations;15<br />6;Introduction;18<br />6.1;1.1 Introduction;19<br />6.1.1;1.1.1 The Social Issues Arising from SOE Reform;21<br />6.1.2;1.1.2 Social Consequences of SOE Reform;22<br />6.1.3;1.1.3 Ethical Issues in Corporate Governance;25<br />6.1.4;1.1.4 Reactions to Social Impact of Enterprise Restructuring;27<br />6.2;1.2 Research Questions;29<br />6.3;1.3 Organization of the Book;30<br />6.4;References;31<br />7;Theory and Literature;33<br />7.1;2.1 Introduction;33<br />7.2;2.2 Corporate Social Responsibility;34<br />7.2.1;2.2.1 Conceptual Evolution and Rationalization;34<br />7.2.2;2.2.2 CSR Models;37<br />7.2.3;2.2.3 Corporate Social Performance and Financial Performance;48<br />7.2.4;2.2.4 Perceptions of Managers Toward CSR;57<br />7.2.5;2.2.5 CSR in China: The Rise and Challenges;60<br />7.3;2.3 Enterprise Restructuring;66<br />7.3.1;2.3.1 Concept and Definition;67<br />7.3.2;2.3.2 The Theory and Practice of Enterprise Reform;68<br />7.3.3;2.3.3 Enterprise Restructuring and FirmÌs Performance;71<br />7.4;2.4 Corporate Governance;79<br />7.4.1;2.4.1 Concept and Definition;79<br />7.4.2;2.4.2 Models of Corporate Governance;82<br />7.4.3;2.4.3 Corporate Governance in Transition Economies;86<br />7.5;2.5 Socially Responsible Restructuring;92<br />7.5.1;2.5.1 Concept and Definition;93<br />7.5.2;2.5.2 SRR and Downsizing;97<br />7.5.3;2.5.3 SRR and Corporate Governance;100<br />7.5.4;2.5.4 A Model of SRR;105<br />7.5.5;2.5.5 The Roles of Tripartite Organizations in SRR;109<br />7.5.6;2.5.6 SRR in Practice: European Way;119<br />7.6;References;133<br />8;Enterprise Reform and Restructuring in China;151<br />8.1;3.1 Introduction;151<br />8.2;3.2 Enterprises Reform and Restructuring: Overview;152<br />8.2.1;3.2.1 Objectives, Constraints, and Conditioning Factors;152<br />8.2.2;3.2.2 The Key Reform Stages and Turning Points;154<br />8.2.3;3.2.3 ChinaÌs Enterprise Sectors: the Current Situation;157<br />8.3;3.3 Privatization and Restructuring of SOEs;173<br />8.3.1;3.3.1 SOE Restructuring and Transformation;175<br />8.3.2;3.3.2 Privatization of SMEs;179<br />8.3.3;3.3.3 The Changing Role of Government in SOE Restructuring;182<br />8.4;3.4 Developing an Effective Corporate Governance System;190<br />8.4.1;3.4.1 Reform Measures to Improve Corporate Governance of SOE;191<br />8.4.2;3.4.2 Weaknesses in the Corporate Governance Reforms in China;194<br />8.5;3.5 Mitigating Social Impact of Restructuring: Social Security Reform ;198<br />8.5.1;3.5.1 Social Impact of Enterprise Restructuring;198<br />8.5.2;3.5.2 Reforms to Deal with Lay-offs and Redundant Workers;201<br />8.5.3;3.5.3 Health and Pension System Reforms;203<br />8.6;References;206<br />9;Theoretical Framework and Hypotheses;208<br />9.1;4.1 Theoretical Framework for Analysis;208<br />9.1.1;4.1.1 Enterprise Restructuring;210<br />9.1.2;4.1.2 Stakeholder Groups;211<br />9.1.3;4.1.3 Corporate Social Responsibility;212<br />9.1.4;4.1.4 Corporate Governance;212<br />9.2;4.2 Hypothesis Development;213<br />9.2.1;4.2.1 ManagersÌ Attitudes Toward CSR and SRR;213<br />9.2.2;4.2.2 SRR and FirmÌs Performance;214<br />9.3;References;216<br />10;Data and Methodology;218<br />10.1;5.1 Research Methodology;218<br />10.1.1;5.1.1 Research Design;218<br />10.1.2;5.1.2 Data Collection;221<br />10.2;5.2 Sampling Strategy;223<br />10.2.1;5.2.1 Sample of Management Survey;224<br />10.2.2;5.2.2 Sample of Listed Firms;225<br />10.3;5.3 Data Analysis;230<br />10.3.1;5.3.1 Qualitative Data Analysis;230<br />10.3.2;5.3.2 Financial Data Analysis;233<br />10.3.3;5.3.3 Econometric Estimation Model;236<br />10.4;References;237<br />11;The Effects of Managerial Values on Socially Responsible Restructuring;238<br />11.1;6.1 Introduction;238<br />11.1.1;6.1.1 AttitudeÒBehavior Theory;238<br />11.1.2;6.1.2 Changing Conduct and Moral of Doing Business in China;239<br />11.2;6.2 Descriptions of Variables and Analysis Techniques;240<br />11.3;6.3 Findings and Analysis ;242<br />11.3.1;6.3.1 Attitudes of Managers Toward CSR;242<br />11.3.2;6.3.2 ManagersÌ Stakeholder Orientation;247<br />11.3.3;6.3.3 Perceptions of Socially Responsible Restructuring;250<br />11.3.4;6.3.4 Socially Responsible Behavior in Restructuring;251<br />11.3.5;6.3.5 CSR Activities of Firms;25