Description
Book SynopsisIn reviewing the new round of state-owned enterprise (SOE) reforms characterized by mixed ownership since 2013 in China, this book systematically investigates the theoretical underpinnings, model options and approaches to implementation of SOE mixed-ownership reforms.
SOE reforms have functioned as an integral part of China's transformation to a market-oriented economy. Responding to the changing economic context and negative repercussions of earlier SOE reforms launched in the late 1990s, SOE mixed-ownership reforms encourage the participation of different types of capital and sounder management mechanisms. The author first reviews the impetus behind SOE mixed-ownership reforms and discusses how modern property rights theory and decentralized control theory perform as the theoretical underpinnings of the reforms. Based on cases of many completed SOE mixed-ownership reforms, the book summarizes and assesses the feasible models and implementation details of the reforms.
Table of Contents
Introduction: Why Must SOEs Be Reformed?, 1. Problems with the Insider Control in the Chinese SOEs Under Pyramidal Holding Structure, 2. Theoretical Basis of SOE Mixed-Ownership Reform, 3. The Models of SOE Mixed-Ownership Reform, 4. Routes to Realizing SOE Mixed-Ownership Reform, 5. Reform of the State-Owned Assets Management System, 6. Reform of Executive Compensation and Incentive System in SOEs, 7. Outlook for SOE Mixed-Ownership Reform
