The Study on Establishing Legality of Civilian-run Company in China

摘要

The healthy development of small and medium - sized civilian-run company calls for the support from a sound legal system in China. A legal system for the management and development of small and medium sized civilian-run company must been established. This article contributes to theory and practice on legitimacy by providing a framework for legitimacy building in an emerging economy. The four strategies are presented to build legitimacy in three different parts of the institutional environment suggest an inventory of 12 types of actions that civilian-run company take in the challenging environment of Chinas emerging economy. These strategies can be viewed in a hierarchy according to the difficulty in their utilization, and the interviews suggested that the easier ones were in fact more commonly used.