Under New Ownership: Privatizing Chinaâ s State-Owned Enterprises

Kaoru Nabeshima,Dwight H. Perkins,Shahid Yusuf

ISBN 10: 080475389X / ISBN 13: 9780804753890

Edité par Stanford Economics and Finance, 2005

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HARDCOVER Good - Bumped and creased book with tears to the extremities, but not affecting the text block, may have remainder mark or previous owner's name - GOOD Standard-sized. N° de réf. du vendeur M080475389XZ3

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Titre : Under New Ownership: Privatizing Chinaâ s ...

Éditeur : Stanford Economics and Finance

Date d'édition : 2005

Reliure : Hardcover

Etat : Good

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Synopsis :

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.

À propos de l?auteur:

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.