"Institutional effects on firms are highly complex in a transitional economy like China as its regulated environments are continuously being reformed. Shenkar and von Glinow (1994) noted that China's large state-owned firms are active players as their operating environments undergo overlapping phases or marketization and privatization. Many of them form large multi-level inter-dependent networks to cushion the unfavorable effects of the reform and to fend off global competition as China joins the WTO (Child and Tse, 2001)."
They also hypothesize "The change schemas of people in more developed regions are more likely characterized by higher salience about change, higher valence, and less skeptical about change consequences than those of people in less developed regions."
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