Study On Relationship-based IT Corporate Governance

The Converged network, marked by the emergence of "Next-Generation Network", provides a broad market for many IT companies. In particular, those IT companies that are engaged in network communication technology manufacture are facing unprecedented new opportunities and challenges. The "Next-Generation Network" is a converged network, which, based on Internet, combines three cable networks (including the computer Internet, traditional phone network and cable network) and wireless network together. In accordance with the national development plan, the next target of the network communication industry is to establish nationwide broadband Internet and 3G wireless network, and then to form a huge converged network. IT companies are in a network composed of all kinds of stakeholders; therefore, no matter what the criteria are from the aspect of each society class or the whole society, it has been increasingly inadequate, in terms of methodology and angles, to study IT corporate governance just from financial criteria. For IT enterprises, it has become a common concern that how to use all kinds of social networks relationship, value networks relationship, customer networks relationship, and knowledge networks relationship rationally to establish a better social image, access more social resources, reduce business transaction costs, and improve governance efficiency. Based on stakeholder theory, this paper attempts to analyze, through a company's social networks relationship, value networks relationship, customer networks relationship, and knowledge networks relationship, that how IT companies could access resources through network construction, relationship management, and resource mobilization, and finally the paper sets up a research analysis framework of IT corporate governance based on relationship.This paper has six chapters.Chapterâ… mainly introduces the research background and study significance of this paper and defines related concepts. The research thinking and research method also are described in this paper, while pointing out the part of the innovation.Chapterâ…¡is literature review, which mainly discusses the theory of IT corporate governance evolving from the Property Right governance to the super-Property Right governance. There are mainly two development paths for IT corporate governance theory: one is Shareholder Primacy Principal - Agent Theory, which is based on the governance theory of IT companies; the other is Common Governance Stakeholder Theory, which is based on the Super-Property Right Governance. Relationship-based IT corporate governance is based on the Super-Property Right Governance, whose essence is based on the coordinated interests with its base on Stakeholder Governance Theory.Chapterâ…¢is theoretical analysis, which is also the theory base and kernel of this paper. This chapter mainly discusses about the coordination of the stakeholders' interests which are based on value networks relationship, customer networks relationship, social networks relationship and knowledge networks relationship. Every Coordination point of each networks relationship is different. Governance of the value networks relationship centers on how to coordinate the company to create value and maintain the value of creativity so as to establish all kinds of relationships, through networks relationships getting more resources to build wealth for the survival and development of the companies; governance of social networks relationship mainly focuses on building social networks relationship, theory of using stakeholders, leverage the social network of strong and weak relationship, getting more social resources to build own "Evergreen Foundation"; customer networks relationship governance is based on customer-centric theory, uses viscous effect to build a customer network, cultivate loyal corporate customer base, enhance the company's non-financial indicators through the stability of the consumers buying and enterprises having a continuous cash flow; Knowledge networks relationship governance will reduce business transaction costs to enhance the core competitiveness of enterprises, to maximize the benefits of society. The benefits for both enterprises and society can be maximized through IT corporate governance made by networks relationships.Chapterâ…£is the empirical analysis. The conceptual model of IT corporate governance performance is constructed, which is based on the influence of value networks relationship, social networks relationship, customer networks relationship as well as knowledge networks relationship. This conceptual model has applied the empirical test to verify the positive relations of the above four networks relationships to the performance of IT corporate governance. The results show that, apart from the external customer relationship of the customer networks, the positive correlation of other three networks relationships to IT corporate governance has been proved. Therefore, the correctness of this conceptual model has been confirmed in this paper, which reveals new insights on how to use related networks relationship to improve the performance of IT corporate governance.Chapterâ…¤is the case study of Inspur Group and its countermeasures. According to the analysis of the Inspur case, recommendations and countermeasures about the relationship-based IT corporate governance have been put forward.Chapterâ…¥summarizes research conclusions and enlightenment, with proposition for the future research.This paper has made the following theoretical innovations.Firstly, in the research content aspect, this paper has made the co-governance of networks relationships and IT corporate governance as the breakthrough point, using networks relationships as tool for IT corporate governance, with its purpose to apply the latest research result of governance science, economics and sociology to IT corporate governance so as to provide a new analysis perspective.Secondly, on the evolution of IT corporate governance, there are mainly two research routes for IT corporate governance at present. One is the traditional IT corporate governance research, which is mostly the "shareholder primacy" theory with IT corporate governance structure as its main content. The other research route is making research on relations of stakeholders in the co-governance of IT corporate. Under the circumstance of the continuing networked organization, IT corporate governance mainly focuses on the governance and coordination of corporation external relations. With its essence on the coordination of corporation stakeholders, IT corporate governance is the governance that surpasses the property right relation.Thirdly, in methodological aspect, according to related research result, the relationship could be divided into 4 categories: value networks relationship; customer networks relationship; social networks relationship and knowledge networks relationship. It's very hard to gather the research data and it should adopt a practical and subjective method which is more possible to touch the nature of research. According to the professor's suggestion and research papers, the author designed relativity measurement of relationship and IT corporation performance and then did an empirical validation. Although this article does some research, it still has some shortcomings. First, it's just a beginning to match the relationship with IT corporate governance. Pilot attempt has been made, which remains to perfect further. Second, because the relationship efficiency is hard to calculate, empirical efficiency analysis of relationship and IT corporation adopts some foreign methods which are based on the statistics for IT corporate governance and company performance to propose calculating model and validate. Although this judgment has the inherent inevitability, it's considerably subjective and limit to the practice and time which can't be improved in a short time. As the research develops, empirical studies still need to deepen continuously.