The change in relationship between the Asia-Pacific equity markets after the 1997 financial crisis

Document Type

Conference Proceeding


Faculty of Business and Law


School of Accounting, Finance and Economics




Chandra, M. (2006). The change in relationship between the Asia-Pacific equity markets after the 1997 Financial Crisis. In the Proceedings of The Joint 14th Annual Pacific Basin Finance, Economics and Accounting, and the 2006 Annual Financial Engineering Association of Taiwan Conference. United States: Rutgers University.


The economic growth in China, coupled with its long history of strategic management and international business, has attracted significant research efforts worldwide to the areas of management and organizational behaviors. This is reflected by the numbers of papers published in the top management and business journals (Peng, Lu, Shenkar and Wang, 2001). To integrate findings from and knowledge gained from the previous publications, Peng, Lu, Shenkar and Wang (2001) has comprehensively reviewed the literatures of research in Chinese management and organization that were published in mainstream journals during the period of 1978-1997. Peng and his colleague introduced a concept of “Great China”, for the purpose to reflecting the increasing integration of Mainland China and overseas Chinese economic system. Our paper focuses on the management and organizational research in Mainland China during the period of 1998-2002, and can be regarded as an extension of Peng et.al’s paper (2001). China is the most singular of the transition economies. It is the largest, the fastest growing, and the most heavily engaged in international business and investment. China is also unique because its transition continues to be planned by the State and preserves an active involvement of governmental institutions in business affairs (Child and Tse 2001). Therefore, it is necessary to separate the Mainland Chinese economy from the other overseas Chinese economies when we study the change of management and organizational behaviors.