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...
Saved in:
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Wiley
2022-01-01
|
| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2022/1109442 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832565301287321600 |
|---|---|
| author | Qin Lin Lin Feng Chatchai Khiewngamdee Pingping Li Xiaofei Ye |
| author_facet | Qin Lin Lin Feng Chatchai Khiewngamdee Pingping Li Xiaofei Ye |
| author_sort | Qin Lin |
| collection | DOAJ |
| 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. |
| format | Article |
| id | doaj-art-50a2205aa707409a942f6ad00db0dec8 |
| institution | Kabale University |
| issn | 1607-887X |
| language | English |
| publishDate | 2022-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Discrete Dynamics in Nature and Society |
| spelling | doaj-art-50a2205aa707409a942f6ad00db0dec82025-02-03T01:08:01ZengWileyDiscrete Dynamics in Nature and Society1607-887X2022-01-01202210.1155/2022/1109442Latest Lessons from the Bankruptcy of State-Owned Enterprises (SOEs) in China: An Interpretative Structural Model (ISM) ApproachQin Lin0Lin Feng1Chatchai Khiewngamdee2Pingping Li3Xiaofei Ye4Faculty of Maritime and TransportationSecondary SchoolFaculty of EconomicsFaculty of EconomicsFaculty of Maritime and TransportationState-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.http://dx.doi.org/10.1155/2022/1109442 |
| spellingShingle | Qin Lin Lin Feng Chatchai Khiewngamdee Pingping Li Xiaofei Ye Latest Lessons from the Bankruptcy of State-Owned Enterprises (SOEs) in China: An Interpretative Structural Model (ISM) Approach Discrete Dynamics in Nature and Society |
| title | 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_short | 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 |
| url | http://dx.doi.org/10.1155/2022/1109442 |
| work_keys_str_mv | AT qinlin latestlessonsfromthebankruptcyofstateownedenterprisessoesinchinaaninterpretativestructuralmodelismapproach AT linfeng latestlessonsfromthebankruptcyofstateownedenterprisessoesinchinaaninterpretativestructuralmodelismapproach AT chatchaikhiewngamdee latestlessonsfromthebankruptcyofstateownedenterprisessoesinchinaaninterpretativestructuralmodelismapproach AT pingpingli latestlessonsfromthebankruptcyofstateownedenterprisessoesinchinaaninterpretativestructuralmodelismapproach AT xiaofeiye latestlessonsfromthebankruptcyofstateownedenterprisessoesinchinaaninterpretativestructuralmodelismapproach |