Much of the existing literature has focused on financial incentives to align individual behaviour with organizational goals, based on the assumption that individual behaviour is largely motivated by expected pecuniary payoffs. However, past and more recent economic developments show that...

The majority of state-owned enterprises (SOEs) in China were privatized through ownership reforms over the last two decades. Using a comprehensive dataset of all medium and large enterprises in China between 1998 and 2013, we show that privatized SOEs continue to benefit from government support...