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World Bank Publications | 2005-09-30 | ISBN: 0821356240 | 284 pages | PDF | 3 MB
The accession to the WTO has also made it more urgent for China's most-dynamic state-owned enterprises and her banking industry to compete through innovation, continuing process upgrades, and active pursuit of strategies aimed at succeeding in global markets. In order to do so, not only do large state-owned industrial enterprises need to be privatized, but the government also needs to create the conditions that will result in market determined consolidation of small and medium size firms into entities with a core strength. Under New Ownership explores the effects of ownership reform in China on the performance of reformed industrial state-owned enterprises, and proposes privatization as a course of action to truly transform these enterprises into world class firms which compete on the basis of sound strategy, effective organization, and innovation. It draws upon newly collected firm level survey data to assess changes in the ownership structure of state enterprises on management, governance, innovation, and performance relative to other types of firms in China. This title provides researchers, students, and policymakers interested in the Chinese economy with in depth information and analysis on key issues related to the reform of state-owned enterprises.
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