Free to lose: autonomy and incentives in Chinese state entrprises
China has introduced a diverging set of policy measures to its state-owned enterprises (SOEs) since the reform began. Two key themes run through the whole process: expanding decision autonomy for enterprises and increasing the role of the market (Byrd 1991). It has been argued that these are also the two most important factors contributing to the success of reform in the state sector (Rawski 1994; Groves et al. 1994; Naughton 1995). In the literature, however, the success of China’s SOE reform...[Show more]
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