Mo, Pak-hung; Li, Sung-ko - In: Bulletin of Economic Research 50 (1998) 4, pp. 323-41
In late 1994, it became known that around two-thirds of the state-owned enterprises in China were running at a loss or yielding no profit. For more than a decade, China has been searching for a management system for state-owned enterprises to improve their efficiency. Various 'contract...
