Der Strukturwandel in der chinesischen Landwirtschaft mit seinem Wechsel von kollektivistischen Strukturen zum System eigenverantwortlicher Einzelbauern hat in den Jahren 1979 bis 1984 zu einem Anstieg der Arbeitsproduktivität geführt. Diesem positiven Effekt steht jedoch der negative Effekt...

While the enterprise reform in China has provided incentives to its state-owned enterprises (SOEs), their poor performance relative to other forms of enterprises remains puzzling. This paper provides an answer to this puzzle by studying optimal managerial decisions under the enterprise reform.

While the enterprise reform in China has provided incentives to its state-owned enterprises (SOEs), their poor performance relative to other forms of enterprises remains puzzling. This paper provides an answer to this puzzle by studying optimal managerial decisions under the enterprise reform.