State-Owned versus Township and Village Enterprises in China

5647 10 60434 2 167213 document 60434 RR-99-11.pdf application/pdf a51377759ab81f6bba33a03951d80c86 MD5 11946818 2016-06-02 13:04:20 https://pure.iiasa.ac.at/id/eprint/5647/1/RR-99-11.pdf 5647 1 1 application/pdf text en public cc_by

RR-99-11.pdf

published 60435 2 167216 document 60435 lightbox.jpg image/png 3ccd304bededb9c982dcb2f7535410c1 MD5 17449 2016-06-02 13:04:36 https://pure.iiasa.ac.at/id/eprint/5647/2/lightbox.jpg 5647 2 2 image/png other Thumbnails conversion from text to thumbnail_lightbox en public

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/60434 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/60434 http://eprints.org/relation/isIndexCodesVersionOf https://pure.iiasa.ac.at/id/document/60434 archive 351 disk0/00/00/56/47 2016-01-15 02:10:34 2021-08-27 17:16:33 2016-01-15 02:10:34 monograph show 2 Perotti E.C. Sun L. 1681 Zou L. State-Owned versus Township and Village Enterprises in China pub iis_ecn prog_luc This paper presents an up-to-date survey of the comparison issue between state-owned enterprises (SOEs) and township-village enterprises (TVEs) in China. Although TVEs are not at a disadvantage in areas such as technology, labor skills, education levels of staff, access to bank loans and government support, they have important advantages in ownership and governance structures, personnel systems and labor relations, and conditions of institutional arrangement. These advantages have apparently outweighed the disadvantages, allowing the TVEs to outperform the SOEs and successfully expand their market shares that previously belonged to the SOEs. However, our analysis also reveals that SOEs may not have performed so badly if their broad social contributions other than reported profits are also taken into account. In conclusion, we argue that both SOEs and TVEs need to reform their ownership and governance structures. In particular, if TVEs are to develop further during the next century, they cannot avoid the grassroots democratization. 1998 published RR-99-011. Reprinted from Comparative Economic Studies, XLI(2-3):151-179 [Summer/Fall 1999] [1998] RP-99-011 Reprinted from Comparative Economic Studies; XLI(2-3):151-179 [Summer/Fall 1999] [1998] 10 302 public research_reprint Comparative Economic Studies IIASA, Laxenburg, Austria 30 TRUE FALSE info:eu-repo/semantics/book