Incentive Contracting Versus Ownership Reforms

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Incentive Contracting Versus Ownership Reforms by : Chun Chang

Download or read book Incentive Contracting Versus Ownership Reforms written by Chun Chang and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a data set that traces the ten-year history of 80 Chinese rural enterprises, known as township and village enterprises, we study the implications of introducing managerial incentives and better-defined ownership for a firm's financial performance. During this period, these mostly community-owned, local-government-controlled socialist collective firms first introduced managerial incentive contracts and then more clearly defined income and control rights. Managerial incentives have a positive but statistically insignificant effect on these firms' performance measured by the return on assets or return on equity. Performance is significantly better under ownership forms with better-defined property rights than under community ownership, even when the latter is supplemented with managerial incentive contracts.

Incentive Contracting Versus Ownership Reforms

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Publisher :
ISBN 13 :
Total Pages : 27 pages
Book Rating : 4.:/5 (248 download)

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Book Synopsis Incentive Contracting Versus Ownership Reforms by : Chang, Chun

Download or read book Incentive Contracting Versus Ownership Reforms written by Chang, Chun and published by . This book was released on 2000 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:

INCENTIVE CONTRACTING VERSUS OWNERSHIP REFORMS: EVIDENCE FROM CHINA'S TOWNSHIP AND VILLAGE ENTERPRISES

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Publisher :
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.L/5 ( download)

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Book Synopsis INCENTIVE CONTRACTING VERSUS OWNERSHIP REFORMS: EVIDENCE FROM CHINA'S TOWNSHIP AND VILLAGE ENTERPRISES by : CHUN CHANG, BRIAN MCCALL, AND YIJANG WANG

Download or read book INCENTIVE CONTRACTING VERSUS OWNERSHIP REFORMS: EVIDENCE FROM CHINA'S TOWNSHIP AND VILLAGE ENTERPRISES written by CHUN CHANG, BRIAN MCCALL, AND YIJANG WANG and published by . This book was released on 2000 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Institutional Transition of China's Township and Village Enterprises

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Publisher : Routledge
ISBN 13 : 1351812270
Total Pages : 341 pages
Book Rating : 4.3/5 (518 download)

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Book Synopsis The Institutional Transition of China's Township and Village Enterprises by : Hongyi Chen

Download or read book The Institutional Transition of China's Township and Village Enterprises written by Hongyi Chen and published by Routledge. This book was released on 2017-11-22 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2000: This work provides a new insight into china's township and village enterprises (TVEs). It views the governance structure of TVEs as effectively combining the comparative advantage of local government officials in external management and of dual firm managers in internal management to overcome imperfections in both market and government during the transitional period. Through extensive field investigation analysis and case studies, this work shows that the governance structure of TVEs has been evolving during the past fifteen years. To adapt to the changing environment, TVEs have continuously innovated firm contractual form from a government official dominant fixed-wage form to a partnership style profit-sharing form, then to a privatization oriented fixed-rent form. This work develops a complete model to explain how the central government’s partial reform efforts in market liberalization have become the driving force to induce the contractual form innovation, and to explicate how heterogeneity in firms’ technical structures and in local economic settings may affect local government’s decisions regarding contractual form innovation. Using the author’s unique data set, the model simulations predict that the development in the whole market system will result in the diffusion of contractual form innovation and lead to an 'induced privatization’ in this sector. The following empirical studies show this to be a powerful prediction and the progress toward such ’induced privatization' can be expected in China in near future. This research work provides a rich empirical study on China’s institutional transition towards a market system. It explains how a bottom-up endogenous, instead of top-down exogenous, property rights reform can be realized in transitional economies. This work will serve as a valuable reference for researchers and students in economics, economic development and institutional economics - and especially for those interested in research.

Reforming China's State-owned Enterprises and Banks

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Publisher : Edward Elgar Publishing
ISBN 13 : 1845429885
Total Pages : 451 pages
Book Rating : 4.8/5 (454 download)

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Book Synopsis Reforming China's State-owned Enterprises and Banks by : Becky Chiu

Download or read book Reforming China's State-owned Enterprises and Banks written by Becky Chiu and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

State-owned Versus Township and Village Enterprises in China

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Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis State-owned Versus Township and Village Enterprises in China by : Enrico Camillo Perotti

Download or read book State-owned Versus Township and Village Enterprises in China written by Enrico Camillo Perotti and published by . This book was released on 1998 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study presents an up-to-date survey of the comparison issue between state-owned enterprises (SOEs) and township and village enterprises (TVEs) in China. Although TVEs are disadvantaged in areas such as technology, labour skills, education levels of staff, access to bank loans and government supports, they have important advantages in ownership and governance structures, personnel systems, labour relations, and conditions of institutional arrangement.

Economic Reform, Institutional Transition, and Firm Contractual Form Innovation

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Publisher :
ISBN 13 :
Total Pages : 622 pages
Book Rating : 4.:/5 (26 download)

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Book Synopsis Economic Reform, Institutional Transition, and Firm Contractual Form Innovation by : Hong Yi Chen

Download or read book Economic Reform, Institutional Transition, and Firm Contractual Form Innovation written by Hong Yi Chen and published by . This book was released on 1997 with total page 622 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Politics of Rural Reform in China

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Publisher : Routledge
ISBN 13 : 1136957634
Total Pages : 329 pages
Book Rating : 4.1/5 (369 download)

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Book Synopsis The Politics of Rural Reform in China by : Christian Göbel

Download or read book The Politics of Rural Reform in China written by Christian Göbel and published by Routledge. This book was released on 2010-06-10 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on a treasure trove of information collected through fieldwork interviews and painstaking documentary research through the Chinese and Western language presses, this book analyzes one of the most important reforms implemented in China over the past decade – the rural tax and fee reform, also known as the "Third Revolution in the Countryside". The aim of the tax was to improve social stability in rural China, which has become increasingly shaken by peasant protests, many of them large-scale and violent. By examining the gap between the intentions of the reform and the eventual outcomes, Göbel provides new insights into the nature of intergovernmental relations in China and highlights the ways in which the relationship between the state and the rural populace has fundamentally changed forever. The Politics of Rural Reform in China will appeal to students and scholars of Chinese politics, governance and development studies.

An Economic Analysis of the Rise and Decline of Chinese Township and Village Enterprises

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Publisher : Springer
ISBN 13 : 3319597701
Total Pages : 229 pages
Book Rating : 4.3/5 (195 download)

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Book Synopsis An Economic Analysis of the Rise and Decline of Chinese Township and Village Enterprises by : Cheng Jin

Download or read book An Economic Analysis of the Rise and Decline of Chinese Township and Village Enterprises written by Cheng Jin and published by Springer. This book was released on 2017-08-11 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a historical economic analysis of two key issues relating to township and village enterprise (TVE) development in China. Firstly, the nature of the evolving relationship between TVEs and local government; in particular how TVE entrepreneurs have used institutionalized power to secure the political influence needed to defend their financial independence. Secondly, the relationship between TVEs and state-owned enterprises (SOEs), and the role of SOEs in China’s economic transition. This study highlights the importance of the role of SOEs in the “dual-track pricing system” and its impact on other parts of the economy. Township and village enterprises were key to China's success in the late twentieth century, but have more or less disappeared as an entity over the past decade or so. By measuring the structural difference of the SOE sector before and after 1998–2003 SOE reform, Jin explains their fast catch-up in productivity since the mid-1990s, as well as the relative decline of TVE productivity.

The Chinese Economy

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Publisher : MIT Press
ISBN 13 : 0262294133
Total Pages : 545 pages
Book Rating : 4.2/5 (622 download)

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Book Synopsis The Chinese Economy by : Barry J. Naughton

Download or read book The Chinese Economy written by Barry J. Naughton and published by MIT Press. This book was released on 2006-10-27 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive overview of the modern Chinese economy by a noted expert on China's economic development offers a quality and breadth of coverage not found in any other English-language text. In The Chinese Economy, Barry Naughton provides both an engaging, broadly focused introduction to China's economy since 1949 and original insights based on his own extensive research. The book will be an essential resource for students, teachers, scholars, business people, and policymakers. It is suitable for classroom use for undergraduate or graduate courses. After presenting background material on the pre-1949 economy and the industrialization, reform, and market transition that have taken place since, the book examines different aspects of the modern Chinese economy. It analyzes patterns of growth and development, including population growth and the one-child family policy; the rural economy, including agriculture and rural industrialization; industrial and technological development in urban areas; international trade and foreign investment; macroeconomic trends and cycles and the financial system; and the largely unaddressed problems of environmental quality and the sustainability of growth. The text is notable also for placing China's economy in interesting comparative contexts, discussing it in relation to other transitional or developing economies and to such advanced industrial countries as the United States and Japan. It provides both a broad historical and macro perspective as well as a focused examination of the actual workings of China's complex and dynamic economic development. Interest in the Chinese economy will only grow as China becomes an increasingly important player on the world's stage. This book will be the standard reference for understanding and teaching about the next economic superpower.

The Chinese Economy, second edition

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Publisher : MIT Press
ISBN 13 : 0262534797
Total Pages : 609 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis The Chinese Economy, second edition by : Barry J. Naughton

Download or read book The Chinese Economy, second edition written by Barry J. Naughton and published by MIT Press. This book was released on 2018-03-16 with total page 609 pages. Available in PDF, EPUB and Kindle. Book excerpt: The new edition of a comprehensive overview of the modern Chinese economy, revised to reflect the end of the “miracle growth” period. This comprehensive overview of the modern Chinese economy by a noted expert on China's economic development offers a quality and breadth of coverage not found in any other English-language text. In The Chinese Economy, Barry Naughton provides both a broadly focused introduction to China's economy since 1949 and original insights based on his own extensive research. This second edition has been thoroughly revised to reflect a decade of developments in China's economy, notably the end of the period of “miracle growth” and the multiple transitions it now confronts—demographic, technological, macroeconomic, and institutional. Coverage of macroeconomic and financial policy has been significantly expanded. After covering endowments, legacies, economic systems, and general issues of economic structure, labor, and living standards, the book examines specific economic sectors, including agriculture, industry, technology, and foreign trade and investment. It then treats financial, macroeconomic, and environmental issues. The book covers such topics as patterns of growth and development, including population growth and the one-child family policy; the rural and urban economies, including rural industrialization and urban technological development; incoming and outgoing foreign investment; and environmental quality and the sustainability of growth. The book will be an essential resource for students, teachers, scholars, business practitioners, and policymakers. It is suitable for classroom use for undergraduate or graduate courses.

Chinese Township Village Enterprises as Vaguely Defined Cooperatives

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Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Chinese Township Village Enterprises as Vaguely Defined Cooperatives by : Martin L. Weitzman

Download or read book Chinese Township Village Enterprises as Vaguely Defined Cooperatives written by Martin L. Weitzman and published by . This book was released on 1993 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Property rights, reform, economic, transition.

Regime Legitimacy in Contemporary China

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Publisher : Routledge
ISBN 13 : 1134036299
Total Pages : 401 pages
Book Rating : 4.1/5 (34 download)

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Book Synopsis Regime Legitimacy in Contemporary China by : Thomas Heberer

Download or read book Regime Legitimacy in Contemporary China written by Thomas Heberer and published by Routledge. This book was released on 2008-08-01 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using in-depth case studies of a wide-range of political, social and economic reforms in contemporary China this volume sheds light on the significance and consequences of institutional change for stability of the political system in China. The contributors examine how reforms shape and change Communist rule and Chinese society, and to what extent they may engender new legitimacy for the CCP regime and argue that authoritarian regimes like the PRC can successfully generate stability in the same way as democracies. Topics addressed include: ideological reform, rural tax- for-fees reforms, elections in villages and urban neighbourhood communities, property rights in rural industries, endogenous political constraints of transition, internalising capital markets, the media market in transition, the current social security system, the labour market environmental policy reforms to anti-poverty policies and NGOs. Exploring the possibility of legitimate one-party rule in China, this book is a stimulating and informative read for students and scholars interested in political science and Chinese politics

An Essay on Economic Reforms and Social Change in China

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 98 pages
Book Rating : 4./5 ( download)

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Book Synopsis An Essay on Economic Reforms and Social Change in China by : Assar Lindbeck

Download or read book An Essay on Economic Reforms and Social Change in China written by Assar Lindbeck and published by World Bank Publications. This book was released on 2006 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The author applies a systems-oriented "holistic" approach to China's radical economic reforms during the past quarter of a century. He characterizes China's economic reforms in terms of a multidimensional classification of economic systems. When looking at the economic consequences of China's change of economic system, he deals with both the impressive growth performance and its economic costs. The author also studies the consequences of the economic reforms for the previous social arrangements in the country, which were tied to individual work units-agriculture communes, collective firms, and state-owned enterprises. He continues with the social development during the reform period, reflecting a complex mix of social advances, mainly in terms of poverty reduction, and regresses for large population groups in terms of income security and human services, such as education and, in particular, health care. Next, the author discusses China's future policy options in the social field, whereby he draws heavily on relevant experiences in industrial countries over the years. The future options are classified into three broad categories: policies influencing the level and distribution of factor income, income transfers including social insurance, and the provision of human services.

China's Post-reform Urbanization

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Publisher : IIED
ISBN 13 : 1843698153
Total Pages : 48 pages
Book Rating : 4.8/5 (436 download)

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Book Synopsis China's Post-reform Urbanization by : Anthony G. O. Yeh

Download or read book China's Post-reform Urbanization written by Anthony G. O. Yeh and published by IIED. This book was released on 2011 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Property Rights and Economic Reform in China

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Publisher : Stanford University Press
ISBN 13 : 0804737886
Total Pages : 372 pages
Book Rating : 4.8/5 (47 download)

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Book Synopsis Property Rights and Economic Reform in China by : Jean Chun Oi

Download or read book Property Rights and Economic Reform in China written by Jean Chun Oi and published by Stanford University Press. This book was released on 1999 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: Revisions of papers presented at a conference at Hong Kong University of Science and Technology, 1996.

Privatizing Rural China

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Publisher :
ISBN 13 :
Total Pages : 156 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Privatizing Rural China by : Hongbin Li

Download or read book Privatizing Rural China written by Hongbin Li and published by . This book was released on 2001 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: