Since responses to mail surveys are typically low in China (Li & Miller, 2006), we utilized participants and alumni resources of CEIBS, the leading business school in China,which had one of the largest Executive MBA (EMBA) and Executive Education programs in Asia with more than 10,000 alumni. The respondents were senior managers who were decision-makers of the focal firms. A majority of them were President/Chief Executive Officer (CEO), Vice President/Chief Finance Officer (CFO)/Chief Operation Officer (COO), board member, chairman, or founder.