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Please use this identifier to cite or link to this item: http://hdl.handle.net/2344/130

タイトル: Explaining the Persistence of State-ownership in China
著者: Imai, Ken'ichi
今井, 健一
キーワード: State-owned enterprise
Corporate governance
China’s economic reform
Public enterprises
Small and medium-scale enterprises
Industrial management
China
国有企業
経済改革
コーポレートガバナンス
公企業
中小企業
企業経営
中国
Issue Date: Jun-2006
出版者: Institute of Developing Economies, JETRO
引用: IDE Discussion Paper. No. 64. 2006.6
抄録: In the recent decade China witnessed an upsurge of privatization of small and medium state-owned enterprises (SOEs). In contrast to the consequent sharp reduction in the number of firms, however, the estimated share of broadly-defined SOEs that includes limited liabilities companies controlled by the State has shown virtually no sign of decline. We explain the backgrounds of this seemingly paradoxical persistence of state-ownership by looking into two distinctive types of large SOEs: traditional SOEs that remain dominant in oligopolistic industries and manager-controlled SOEs surviving in competitive industries. The two types exemplify several factors constraining further progress of SOE reform such as, financing the costs of restructuring, redefining the role of the State as the single dominant shareholder, and balancing the interests of the State and managers as entrepreneurs. Sorting these issues out will take time, which means that instabilities associated with state corporate ownership will remain in place in the foreseeable future in China.
URI: http://hdl.handle.net/2344/130
Appears in Collections:04.IDE Discussion Paper
01.経済、産業(Economy and Industry)/東アジア(East Asian Studies)

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