Under New Ownership: Privatizing China's State-Owned Enterprises

Shahid Yusuf

ISBN 10: 0804753903 / ISBN 13: 9780804753906

Verlag: Stanford Economics and Finance, 2005

Beschreibung

Your purchase helps support Sri Lankan Children's Charity 'The Rainbow Centre'. Ex-library, so some stamps and wear, but in good overall condition. Our donations to The Rainbow Centre have helped provide an education and a safe haven to hundreds of children who live in appalling conditions. Bestandsnummer des Verkäufers Z1-J-003-02293

Bibliografische Details

Titel: Under New Ownership: Privatizing China's ...

Verlag: Stanford Economics and Finance

Erscheinungsdatum: 2005

Einband: Softcover

Zustand: Good

Über diesen Titel

Inhaltsangabe:

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.

Über die Autorin bzw. den Autor:

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.