state-owned enterprises to maximize profit. Nonetheless the poor performance of state-owned enterprises after the reform … relative to other forms of enterprises remains a puzzle. As the existing explanations for this puzzle based on increased …

While the enterprise reform in China has provided incentives to its state-owned enterprises (SOEs), their poor … performance relative to other forms of enterprises remains puzzling. This paper provides an answer to this puzzle by studying …

While the enterprise reform in China has provided incentives to its state-owned enterprises (SOEs), their poor … performance relative to other forms of enterprises remains puzzling. This paper provides an answer to this puzzle by studying …

state-owned enterprises to maximize profit. Nonetheless the poor performance of state-owned enterprises after the reform … relative to other forms of enterprises remains a puzzle. As the existing explanations for this puzzle based on increased …