This paper examines the progress of state-owned enterprise (SOE) reform in the People's Republic of China. After …

are modelled as controlled by the members of the enterprise who determine output and effort levels, while facing output … prices and wage rates set by government. Enterprise members must collectively meet a budget constraint that the value of … sales equals the enterprise wage bill plus an exogenous enterprise commitment to the state budget. Labour can shirk either …

textile and clothing products in conjunction with China's accession to the WTO as a quasi-natural experiment and utilize …

The large regional variation in minimum wage levels in the period 2002-08 in China implies that Chinese manufacturing …

This paper examines the integration of Chinese Communist Party membership and private entrepreneurship in China after … entrepreneurs. Using six waves of a nationwide survey of privately owned enterprises in China from 1997 to 2008, we find that the …

This paper describes the privatization program in Italy during the 1990s and puts that policy in the context of … attempts at privatization of the 1980s, delaying until 1992 the start of largescale privatizations. These were imposed on … analysis of the consequences of privatization on corporate governance show that, notwithstanding considerable changes in the …

This paper models privatization as a cooperative game between the government, a trade union and the private … shareholders. These players kno w that privatization increases the efficiency of a firm, but only the management of the firm knows …