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Brief

Management World is supervised by Development Research Center of The State Council, and sponsored by Development Research Center of The State Council. It aims to reflect the multi-field and multi-disciplinary research on China’s economic and social management issues, and to provide services for China’s economic reform and development. Its scope covers fiscal and financial research, rural economics, macroeconomic management, public management, business management, industrial and regional development. The journal, included in CSSCI and JST, has been in the top list in the field of economic management for many years, and achieved a very high reputation from readers all over the world.
Editorial Board

Editor-in-Chief
Li Kemu

Deputy Editor-in-Chief
Tian Yuan,He Shaohua, Lu Jian, Jiang Dongsheng

Editorial Board
Ma Xiaogang, Qiao Renyi, Li Jiping, Li Menggang, Li Peiyu, Zhang Xinmmin, Shen Bainian, Chen Dongsheng, Cheng Quansheng, Zhao Jie,Tuo Zhen

Bridging social capital gap: building a dyadic relationship between corporate social entrepreneurs and local individuals at the base of the pyramid: a single case study of rural e-commerce project of LZ.com

WAN Qianwen ;WEI Tian ;LIU Jie

Management World,2019,Vol 35,No. 05

Financial structure, economic growth and volatility: a framework of optimal industrial portfolio

LIU Xiaoguang;GOU Qin;JIANG Tianyu

Management World,2019,Vol 35,No. 05

The impact of ethical leadership on employees’ creative performance: the mediatory role of social exchange and the moderation of power distance orientation

ZHONG Lifeng;MENG Jie;GAO Lei

Management World,2019,Vol 35,No. 05

Research on the mechanisms of reciprocity for the supervisor-subordinate social exchanges within the Chinese organizational context: a consideration perspective

LING Wenxuan;LI Rui;NIE Jing;LI Aimei

Management World,2019,Vol 35,No. 05

This paper employed two scenario experiments and one survey to study the mechanisms of reciprocity for the supervisor-subordinate social exchanges within the Chinese organizational context. Study 1 (Experiment 1) examined the principles that supervisors adopt according to subordinate ability and supervisor-subordinate guanxi from the perspective of supervisors. Results indicated that: (1) Supervisors adopted the principles of both fairness and favor when engaging in instrumental exchanges with subordinates. (2) Supervisors adopted the principles of both fairness and favor when engaging in affective exchanges with subordinates, but they relied more on the principle of favor. Study 2 (Experiment 2) and Study 3 (a questionnaire survey) examined the principles that subordinates adopt when they engage in social exchanges with their supervisors and probed into the essence of the fairness and favor principles by introducing the concept of consideration. The results of these studies demonstrated that: (1) When confronted with insufficient instrumental output from supervisors, subordinates adopted the principle of fairness in considering the factor of personal competence. When confronted with insufficient affective output from supervisors, subordinates adopted the principle of favor in considering the factor of personal competence. (2) When confronted with insufficient instrumental and affective output from supervisors, subordinates adopted the principle of favor in considering the factor of supervisor-subordinate relationship. (3) Fairness is the type of completely sufficient consideration. When the exchange values provided by the two parties are completely equal, they would feel satisfied. Otherwise, one of the parties would be unsatisfied. (4) Favor is the type of moderately sufficient consideration. When the discrepancy between exchange values provided by the two parties are not too large, they would feel satisfied; when the exchange values of the two parties are excessively unequal, one of the parties would be unsatisfied. These results integrate the two seemingly contradictory principles of social exchanges, i.e., fairness and favor, and provide a new perspective for understanding different types of reciprocal exchanges in the Chinese organizational context.

Value creation in serial cross-border M&As of firms in emerging economies: a case study of Joyson

XIE Hongming;ZHANG Yan;LIU Yang;CHENG Cong

Management World,2019,Vol 35,No. 05

Human capital expansion and urban manufacturing export upgrading in China: evidence from higher education expansion

ZHOU Mao;LI Yunong;YAO Xing;LU Yi

Management World,2019,Vol 35,No. 05