Under New Ownership: Privatizing China's State-owned EnterprisesStanford University Press, 2006 - 284 páginas Although the relative size of the public sector has been much reduced worldwide since the early 1980s, it remains the dominant borrower from the banking system and responsible for the majority of the non-performing assets of banks. Drawing upon new firm-level survey data, this volume assesses how changes in the ownership structure of SOEs affect management, governance, innovation, and performance, comparing these SOEs to other types of firms in China. It also considers China's reform efforts against the experiences of other transition economies. The research reveals that the medium- and longer-term gains from privatization far outweigh costs of adjustment and that the precise mechanics of privatization have little effect on outcomes. The volume argues that privatization of large industrial SOEs and market-based consolidation of small- and medium-sized enterprises will be necessary to transform them into competitive and innovative world-class firms. Chapters include: China's Industrial System: Where is it, Where it Should be Headed, and Why; Reform in China, 1978-1997; The Accelerated Change in Enterprise Ownership, 1997-2003; Chinese Ownership Reform in the East European Mirror; Empirical Evidence on the Effect of SOE Reform in China; and Making Privatization Work. |
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Página 36
... keiretsu are loosening , and the Korean chaebol ( a conglomerate of many companies , which usually hold shares in one another and are often run by one family , clustered around one parent company ; Korean transla- tion of the Japanese ...
... keiretsu are loosening , and the Korean chaebol ( a conglomerate of many companies , which usually hold shares in one another and are often run by one family , clustered around one parent company ; Korean transla- tion of the Japanese ...
Página 96
... keiretsu and argue that China , too , needs large business groups with internationally recognized brand names . Proponents of such groups argue that the mergers reduce interenterprise transaction costs and assist with the enforcement of ...
... keiretsu and argue that China , too , needs large business groups with internationally recognized brand names . Proponents of such groups argue that the mergers reduce interenterprise transaction costs and assist with the enforcement of ...
Página 246
... Keiretsu Business Groups : Evidence from Restructuring in the 1990s . ” Japan and the World Economy 15 ( 3 ) : 261–74 . Dewenter , Kathryn , and Paul H. Malatesta . 1997. “ Public Offerings of State - Owned and Privately - Owned ...
... Keiretsu Business Groups : Evidence from Restructuring in the 1990s . ” Japan and the World Economy 15 ( 3 ) : 261–74 . Dewenter , Kathryn , and Paul H. Malatesta . 1997. “ Public Offerings of State - Owned and Privately - Owned ...
Contenido
Where It Is Now Where It Should | 1 |
Tables | 3 |
Productivity Dynamics | 9 |
Derechos de autor | |
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Under New Ownership: Privatizing China's State-owned Enterprises Shahid Yusuf,Kaoru Nabeshima,Dwight Heald Perkins Vista de fragmentos - 2006 |
Términos y frases comunes
assets autonomy banks Beijing billion yuan board of directors capital central changes chapter Chinese industry Chongqing companies competition policy Consumer products corporate governance corporatization costs countries Czech Republic Djankov domestic dummy East Asian effect efficiency efforts Electronic equipment employees enterprise managers enterprise reform estimates findings firm performance foreign Garments & leather global groups growth Guangzhou Huawei improve incentives increase industrial output innovation inputs institutions investment joint ventures keiretsu Lenovo LLSCs loans managerial manufacturing market economy ment mergers and acquisitions million Model non-SOEs ownership reform percent period planning political private firms profits reformed SOEs restructuring role sample selection bias Shanghai Shenzhen significant SOE reform soft budget constraints Source state-owned enterprises strategy subsectors survey data Table Textiles tion total factor productivity transition economies TVEs value added variables vehicles and vehicle World Bank Wuhan Zhang