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Author | : Hong Sheng |
Publisher | : World Scientific |
Total Pages | : 407 |
Release | : 2013 |
Genre | : Business & Economics |
ISBN | : 9814383848 |
Download China's State-owned Enterprises Book in PDF, ePub and Kindle
The Nature, the Performance, and the Reform of State-owned Enterprises provides a detailed description of state-owned enterprises (SOEs) in China with respect to both efficiency and income distribution. It shows that state ownership in the form of SOEs does not use resources efficiently and has a poor record in income distribution. Moreover, SOEs are found to enjoy unfair advantages in their competition with other firms. To illustrate the point, the book presents data revealing how favored policies, monopolistic powers, and subsidies benefit SOEs. These advantages are worth several trillion yuans a year. It is a sad irony that such wealth of the people is used to beef up the revenues of the SOEs, making their accounts look much better than they should be.This book, with its rich empirical data and information, is an authoritative reference for researchers interested in SOEs. It is also a good read for students of social sciences and the public to learn more about SOEs.
Author | : Hong Sheng |
Publisher | : World Scientific |
Total Pages | : 407 |
Release | : 2013 |
Genre | : Business & Economics |
ISBN | : 9814383856 |
Download China's State-owned Enterprises Book in PDF, ePub and Kindle
This book provides a detailed description of state-owned enterprises (SOEs) in China with respect to both efficiency and income distribution. It demonstrates that state ownership in the form of SOEs does not use resources efficiently, holds a poor record in income distribution, and enjoys unfair advantages while competing with other firms. To illustrate this, the book presents data on how favored policies, monopolistic powers, and subsidies benefit SOEs.This book, with its rich empirical data and information, serves as an authoritative reference for researchers interested in SOEs. It is also a good read for students of social sciences and general public.
Author | : Hong Sheng |
Publisher | : World Scientific |
Total Pages | : 408 |
Release | : 2012-10-22 |
Genre | : Business & Economics |
ISBN | : 9814458880 |
Download China's State-Owned Enterprises Book in PDF, ePub and Kindle
This book provides a detailed description of state-owned enterprises (SOEs) in China with respect to both efficiency and income distribution. It demonstrates that state ownership in the form of SOEs does not use resources efficiently, holds a poor record in income distribution, and enjoys unfair advantages while competing with other firms. To illustrate this, the book presents data on how favored policies, monopolistic powers, and subsidies benefit SOEs. This book, with its rich empirical data and information, serves as an authoritative reference for researchers interested in SOEs. It is also a good read for students of social sciences and general public. Contents:The Theory and Process of SOE ReformClassification of State-Owned Assets and State-Owned EnterprisesThe Current Performance of SOEs (1): EfficiencyCurrent Performance of SOEs (2): Distribution“State Advance and Private Retreat” and Its Impact on Market CompetitionThe Macroeconomic Impact of SOEsPolitical Economy: An Analysis of SOE's PerformanceThe Nature of SOEs: An Economic PerspectiveThe Nature of SOEs: A Legal PerspectiveContinued SOE Reform Readership: Graduate students, professionals, general public, researchers on SOEs in China. Keywords:State-Owned Enterprises;China;InstitutionKey Features:Rich and creditable data about China's SOEs which are generally difficult to reachDeep discussion on the nature of SOE in the term of institutional economics and law scienceAnalysis of political economy explores the mechanism of why SOEs can obtain easily the monopolistic powers and other favored policiesSheng Hong is among the top 50 economists in ChinaReviews: "The Unirule Institute of Economics has made a significant contribution to the on-going debate over China's reform. This book is a study which reveals the reality of China's state-owned enterprises based on reliable data. It also comprehensively analyzes and evaluates the impact of the increasing dominance of the state sector over Chinese society. Thus, this book is a must-read for every scholar interested in state-owned enterprises." Professor Wu Jinglian Research Fellow, Development Research Center of the State Council, PRC Honorary President, International Economic Association "This book is a landmark in studies of China's state-owned enterprises' reform. I hope future policy makers will take it seriously." Professor Zhang Weiying Guanghua School of Management, Peking University, China "This book is an indispensable read for anyone interested in understanding future reform of the state-owned enterprises in China." Professor Xu Dianqing University of Western Ontario, Canada "The wide range of data and topics treated in the book are impressive. The book stands out as a well-informed, critical analysis in rarely seen detail, and as such it is an important addition to our limited knowledge of SOEs, their performance and their political integration." The Copenhagen Journal of Asian Studies
Author | : Benjamin L. Liebman |
Publisher | : Oxford University Press, USA |
Total Pages | : 481 |
Release | : 2016 |
Genre | : Business & Economics |
ISBN | : 0190250259 |
Download Regulating the Visible Hand? Book in PDF, ePub and Kindle
This text examines the domestic and global consequences of Chinese state capitalism, focusing on the impact of state-owned enterprises on regulation and policy, while placing China's variety of state capitalism in comparative perspective.
Author | : ALEXANDR. SVETLICINII |
Publisher | : Routledge |
Total Pages | : 0 |
Release | : 2022-08 |
Genre | : |
ISBN | : 9780367513252 |
Download Chinese State Owned Enterprises and Eu Merger Control Book in PDF, ePub and Kindle
This book analyzes the specifics of corporate governance of China's State Owned Enterprises (SOEs) and their assessment under EU merger control, which is reflected in the EU Commission's screening of the notified economic concentrations. Guided by the going global policy and the Belt and Road Initiative, Chinese SOEs have expanded their global presence considerably. Driven by the need to acquire cutting edge technologies and other industrial policy considerations, Chinese SOEs have engaged in a series of corporate acquisitions in Europe. The main objective of this book is to demonstrate the conceptual and regulatory challenges of applying traditional merger assessment tools in cases involving Chinese SOEs due to the specifics in their corporate governance and the regulatory framework under which they operate in China. The book also explores the connection between the challenges experienced by the merger control regimes in the EU and the recent introduction of the EU foreign direct investment screening framework followed by a proposal concerning foreign subsidies. The book will be a useful guide for academics and researchers in the fields of law, international relations, political science, and political economy; legal practitioners dealing with cross-border mergers and acquisitions; national competition authorities and other public bodies carrying out merger control; policy makers, government officials, and diplomats in China and the EU engaged in bilateral economic relations.
Author | : Becky Chiu |
Publisher | : Edward Elgar Publishing |
Total Pages | : 451 |
Release | : 2006-01-01 |
Genre | : Business & Economics |
ISBN | : 1845429885 |
Download Reforming China's State-owned Enterprises and Banks Book in PDF, ePub and Kindle
This book is informative and readable. It will be of interest to anyone wanting to learn about the development of the Chinese economy in general and the reforms of state-owned enterprises in particular. The data and in-depth discussion presented in the book will appeal to academics as well as policymakers. Yin-Fang Zhang, Journal of the Asia Pacific Economy China watchers will welcome a book which provides a detailed insight into the two pillars of that economy: the state-owned enterprises (SOEs) and the state-owned banks (SOBs). This is a scholarly work, rich in detail. Shelagh Heffernan, The Financial Regulator For China to sustain her transformation requires that she tackle reform of her state-owned enterprises (SOEs) and banks. This book comprehensively assesses the scale of the problem, reviews previous reforms and suggested solutions. Finally the authors propose their own reform agenda, sensitive to Chinese realities. Michael Artis, European University Institute, Italy This is an excellent study of the nexus between the effects of party control, the soft budget of state-owned enterprise (SOEs) and the financial fragility of the state-owned banking system (SOBs) in China. It is both sympathetic and knowledgeable about the problems of achieving reform and progress. Beautifully written, it should become the most influential work in this field in the English-speaking world. Charles A.E. Goodhart, London School of Economics, UK This book s starting point is that after two decades of experiments, during which other transition economies have effectively privatised all of their former state enterprises, China is still endeavouring to find a way to reinvent and re-engineer its own state-owned economic establishments. The authors explore these reforms along with the problems of China s state-owned banks, which have long been troubled by the adverse loans of Chinese enterprises and face foreign competition in 2007 under China s WTO commitments. Drawing on wide-ranging case studies of enterprise reform, Becky Chiu and Mervyn Lewis combine their extensive experience to give an authoritative account of China s enterprise and bank reform agenda, involving property rights, improved corporate governance and stimulating enterprise. This book will be of great interest to business economists, academic economists and those following the development of the Chinese economy.
Author | : Katy Ngan Ting Lam |
Publisher | : Taylor & Francis |
Total Pages | : 184 |
Release | : 2016-12-08 |
Genre | : Social Science |
ISBN | : 1317265599 |
Download Chinese State Owned Enterprises in West Africa Book in PDF, ePub and Kindle
This book investigates the globalization process of Chinese state-owned enterprises (SOEs) in West Africa, primarily in Benin and Ghana, based on ethnographical studies. It challenges the dominant vision of "a powerful China in Africa", and argues that the so-called "Chinese business advantages" – monolithic Chinese state and Chinese low cost advantages, are non-viable for sustaining Chinese business development in the continent. Considering the Chinese SOEs globalization process in a relational approach, this book examines how the triple embeddedness (Chinese, African and managerial) shapes the Chinese SOEs globalization process over time and space, in diverse dimensions and among different entities – the Chinese state, Chinese SOEs, Chinese expatriates, the African government, African business partners, African staff, and the African society. It illustrates that the Chinese central state has "retreated" deliberately from its SOE globalization in Africa. The Chinese SOEs and Chinese expats are the major actors in initiating and inventing globalization strategies, facing limited Chinese state support and the African neopatrimonial governance and social contexts. Besides, the personal trajectories (from expatriation to social promotion) of Chinese SOE expats interweave with the globalization-turn-localization of their SOEs in Africa. Rejecting the linear, static and binary vision of "powerful China in powerless Africa", the present study thus emphasizes power dynamics in Chinese SOEs’ globalization process are organic and pluralistic though in certain extent hierarchical –"second-class". Time and local relations are key elements constituting the real Chinese advantages for Chinese SOEs vis-a-vis their ultimate competitors – not Western companies, but other Chinese companies.
Author | : Justin Yifu Lin |
Publisher | : Chinese University Press |
Total Pages | : 228 |
Release | : 2001 |
Genre | : Business & Economics |
ISBN | : 9789622019539 |
Download State-owned Enterprise Reform in China Book in PDF, ePub and Kindle
This work is a continuation of the authors' earlier publication, "The China Miracle: Development Strategy and Economic Reform". The authors review the historical evolution of the state-owned enterprises, analyze the current problems, and suggest the direction for future reforms.
Author | : Shahid Yusuf |
Publisher | : World Bank Publications |
Total Pages | : 300 |
Release | : 2006 |
Genre | : Business & Economics |
ISBN | : 0821356259 |
Download Under New Ownership Book in PDF, ePub and Kindle
Although China's centrally planned economy is a little more than a shadow of its former self, the closely inter-linked reforms of the enterprise and banking sectors are still incomplete. The relative size of the state-owned enterprise sector has been much reduced, however, the sector remains the dominant borrower from the banking system and is responsible for the majority of bank non-performing assets. Thus in the interests of financial stability it is crucial to implement the remaining reform agenda. The accession to the WTO has also made it more urgent for China's most-dynamic state-owned en.
Author | : Ms. Emilia M Jurzyk |
Publisher | : International Monetary Fund |
Total Pages | : 45 |
Release | : 2021-03-12 |
Genre | : Business & Economics |
ISBN | : 1513571923 |
Download Resource Misallocation Among Listed Firms in China: The Evolving Role of State-Owned Enterprises Book in PDF, ePub and Kindle
We document that publicly listed Chinese state-owned enterprises (SOEs) are less productive and profitable than publicly listed firms in which the state has no ownership stake. In particular, Chinese listed SOEs are more capital intensive and have a lower average product of capital than non-SOEs. These productivity differences increased between 2002 and 2009, and remain sizeable in 2019. Using a heterogeneous firm model of resource misallocation, we find that there are large potential productivity gains from reforms which could equalize the marginal products of listed SOEs and listed non-SOEs.