Reforming China's State-owned Enterprises and BanksEdward Elgar Publishing, 2006. jan. 1. - 456 oldal This book is informative and readable. It will be of interest to anyone wanting to learn about the development of the Chinese economy in general and the reforms of state-owned enterprises in particular. The data and in-depth discussion presented in the bo |
Tartalomjegyzék
| 1 | |
| 17 | |
3 The changing role of SOEs | 51 |
4 Property rights reform | 89 |
5 Corporate governance reforms | 129 |
6 Financial sector reforms | 186 |
7 Solving the SOE debt problem | 225 |
8 Early case studies of SOEs | 266 |
9 Recent case studies | 302 |
10 Reviewing the evidence | 339 |
11 Fostering entrepreneurship | 370 |
12 Conclusions | 401 |
References | 409 |
Index | 427 |
Más kiadások - Összes megtekintése
Gyakori szavak és kifejezések
agency AMCs asset management Bank of China banking system Baosteel Beijing board of directors budget capital central government Chapter China Construction Bank Chinese commercial banks committee competition contracts control rights corporate governance corporatization debt decision-making decisions economic employees enterprise groups entities entrepreneur entrepreneurship equity established financial system foreign funds Hong Kong incentives industry institutions internal investment investors Iron and Steel issue joint stock joint venture lending liabilities listed company Maanshan market economy ment million monitor non-performing loans non-state NPLs official operations organization output owner ownership Party PBOC performance private firms private sector problem production profits property rights province responsibility restructuring role SASAC Shanghai shareholders shares Shenzhen Shougang SOBs social socialist market economy SOE managers SOE reform state-owned assets state-owned banks state-owned enterprises stock market structure studies supervisory board trade transformation Tsingtao Brewery TVEs workers World Bank
Népszerű szakaszok
129. oldal - The corporate governance structure specifies the distribution of rights and responsibilities among different participants in the corporation, such as, the board, managers, shareholders and other stakeholders, and spells out the rules and procedures for making decisions on corporate affairs. By doing this, it also provides the structure through which the company objectives are set, and the means of attaining those objectives and monitoring performance (OECD, 1999).
101. oldal - ... over it with the same anxious vigilance with which the partners in a private copartnery frequently watch over their own.
43. oldal - ... the property rights as well as the rights and responsibilities of enterprises are clearly defined, government administration and enterprise management are separated and scientific management is established.
265. oldal - Office oversees the financial safety and soundness of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to ensure that they are adequately capitalized and operating safely.
43. oldal - The socialist market economic structure is linked with the basic system of socialism. The establishment of this structure aims at enabling the market to play the fundamental role in resource allocations under macroeconomic control by the state.
44. oldal - As for the small State-owned enterprises, the management of some can be contracted out or leased; others can be shifted to the partnership system in the form of stock sharing, or sold to collectives and...
115. oldal - ... generate income, the parties can, in principle, contractually specify exactly who will have control over each dimension of each asset in each particular future contingency. We have argued that there is often a low-cost alternative to contracts that allocate all specific rights of control. In particular, when it is too costly for one party to specify a long list of the particular rights it desires over another party's assets, then it may be optimal for the first party to purchase all rights except...
371. oldal - It is futile to expect that the state unit will behave as if it were privately owned and will spontaneously act as if it were a market-oriented agent. It is time to let go of this vain hope once and for all.
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