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Synopsis
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.
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About the Author
Shahid Yusuf is Research Manager in the Development Economics Research Group at the World Bank. He is the team leader for the World Bank-Japan project on East Asia's Future Economy. Dwight H. Perkins is Harold Hitchings Burbank Professor of Political Economy at Harvard University and Director of the Harvard University Asia Center. Kaoru Nabeshima is an economist in the Development Economics Research Group at the World Bank.
From the Back Cover
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.
From the Inside Flap
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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Under New Ownership: Privatizing Chinaâs State-Owned Enterprises
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Stanford Economics and Finance, 2005
ISBN 10: 080475389X
ISBN 13: 9780804753890
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Under New Ownership: Privatizing China's State-Owned Enterprises
Published by
Stanford Economics and Finance, 2005
ISBN 10: 080475389X
ISBN 13: 9780804753890
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Under New Ownership
Published by
Stanford University Press, US, 2005
ISBN 10: 080475389X
ISBN 13: 9780804753890
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Hardback. Condition: New. 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. Seller Inventory # LU-9780804753890
Quantity: Over 20 available
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Under New Ownership: Privatizing China's State-Owned Enterprises
Published by
Stanford Economics and Finance, 2005
ISBN 10: 080475389X
ISBN 13: 9780804753890
New
Hardcover
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Under New Ownership
Published by
Stanford University Press, US, 2005
ISBN 10: 080475389X
ISBN 13: 9780804753890
New
Hardcover
Seller: Rarewaves USA, OSWEGO, IL, U.S.A.
Seller rating 5 out of 5 stars
Hardback. Condition: New. 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. Seller Inventory # LU-9780804753890
Quantity: Over 20 available
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Under New Ownership: Privatizing Chinas State-Owned Enterprises
Published by
Stanford Economics and Finance, 2005
ISBN 10: 080475389X
ISBN 13: 9780804753890
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Under New Ownership: Privatizing Chinas State-Owned Enterprises
Published by
Stanford Economics and Finance, 2005
ISBN 10: 080475389X
ISBN 13: 9780804753890
New
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Condition: New. 2005. Hardcover. . . . . . Seller Inventory # V9780804753890
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