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Is there a spirit of overseas Chinese capitalism?


Chuah, S-H and Hoffmann, R and Ramasamy, B and Tan, JHW, Is there a spirit of overseas Chinese capitalism?, Small Business Economics: An International Journal, 47 pp. 1095-1118. ISSN 0921-898X (2016) [Refereed Article]

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DOI: doi:10.1007/s11187-016-9746-5


The economic miracle of the Chinese Diaspora in Southeast Asia has been attributed to their unique economic culture forged from Confucian thought and the emigration experience. However, this Spirit of Overseas Chinese Capitalism (SOCC) hypothesis, based largely on qualitative research, has not been validated through quantitative work. This paper provides, for the first time, empirical evidence from a values survey and experiment which show that only some of the hypothesised SOCC values and behaviours differentiate the Chinese from less economically successful ethnic groups in Malaysia. While we find no evidence that Confucian values explain the success of the Overseas Chinese we do find it may lie in their (a) more conductive work values and (b) greater intra-ethnic cooperativeness, both accentuated by the emigration experience.

Item Details

Item Type:Refereed Article
Keywords:Chinese diaspora, cultural values, family businesses, enterprise, questionnaire, experiment
Research Division:Economics
Research Group:Applied economics
Research Field:Behavioural economics
Objective Division:Economic Framework
Objective Group:Microeconomics
Objective Field:Preference, behaviour and welfare
UTAS Author:Chuah, S-H (Professor Swee-Hoon Chuah)
UTAS Author:Hoffmann, R (Professor Robert Hoffmann)
ID Code:154751
Year Published:2016
Web of Science® Times Cited:16
Deposited By:Economics
Deposited On:2023-01-04
Last Modified:2023-01-04

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