How has the continuation of ‘soft’ budget constraints affected the performance of state‐owned enterprises and is the alternative of privatisation feasible?
This paper will argue that the continued existence of state‐owned enterprises (SOE) soft budget constraints, while adversely affecting SOE performance, reflects wider problems in the regulation of Chinese industry. As such, simple recourse to privatisation will not address the deep structural factor...
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| Format: | Article |
| Language: | English |
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Vilnius Gediminas Technical University
2007-09-01
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| Series: | Technological and Economic Development of Economy |
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| Online Access: | https://journals.vgtu.lt/index.php/TEDE/article/view/7733 |