Based on panel data from industrial enterprises with independent accounting systems, this empirical study shows the changing performance of Chinese state owned industrial sectors, and explains sectoral performance di...Based on panel data from industrial enterprises with independent accounting systems, this empirical study shows the changing performance of Chinese state owned industrial sectors, and explains sectoral performance differences between the state owned and the non state owned enterprises during 1993 and 1997. It is found out that the impact of the large scale entrance of non state owned enterprises and the resulted competition can not explain the profitability gap between the state owned and the non state owned enterprises, although they do have something to do with the downside of the former. It is pointed out that the state owned industrial enterprises are seriously limited by institutional factors when they try to deploy labor and capital according to market conditions. That is an important reason leading to the low profitability of the state owned industrial enterprises compared with the non state owned ones.展开更多
文摘Based on panel data from industrial enterprises with independent accounting systems, this empirical study shows the changing performance of Chinese state owned industrial sectors, and explains sectoral performance differences between the state owned and the non state owned enterprises during 1993 and 1997. It is found out that the impact of the large scale entrance of non state owned enterprises and the resulted competition can not explain the profitability gap between the state owned and the non state owned enterprises, although they do have something to do with the downside of the former. It is pointed out that the state owned industrial enterprises are seriously limited by institutional factors when they try to deploy labor and capital according to market conditions. That is an important reason leading to the low profitability of the state owned industrial enterprises compared with the non state owned ones.