This paper examines the progress of state-owned enterprise (SOE) reform in the People's Republic of China. After …

This paper considers the non-monotonic effect of the partial privatization campaign on the capital allocation … distortion of large SOEs in China by using the Chinese firm-level panel data. We construct a theoretical model to show that the … rise in the degree of partial privatization has the non-monotonic effect of removing the capital allocation distortion …

characterizes China's state sector. The model demonstrates the nature of the bargain between the principals (i.e., officials from … China's State Asset Council) and the agents (large-SOE managers). We derive an indifference payoff point, which maximizes … party in the game. This condition helps to explain the inability of China's political economy system to privatize …

This paper examines the progress of state-owned enterprise (SOE) reform in the People’s Republic of China. After …

explore an optimal strategy for state-owned enterprise (SOE) reforms in China. We argue that ceteris paribus the current … illnesses of low efficiency and rent-seeking commonly suffered by China's state-owned sector can be cured by a two … then to become Pareto optimal under the full privatization …

China's large state-owned enterprises in the past decades. We come up with the views that there are 3 types of incentives … that lead to the expansion of asset size of large SOEs in China. First, the SOE manager is interested in maximizing her …

of large state-owned enterprises (SOEs) in China. Our model shows that the delegation of decision making authority to SOE … of the party-committee control within large SOEs in China …

State enterprise reforms are underway in China, and include some positive and overdue corporate governance reform …