Reflect on the benefits and costs of the current approaches in the European Union and the People’s Republic of China.To the conclusion that State Owned Enterprises(SOE)’s and more generally state conduct should be f...Reflect on the benefits and costs of the current approaches in the European Union and the People’s Republic of China.To the conclusion that State Owned Enterprises(SOE)’s and more generally state conduct should be fully covered by competition law.展开更多
This article examines the reception of Western corporate governance models and standards into the Chinese system of corporate governance. It investigates how China has adapted these models to fit in with its political...This article examines the reception of Western corporate governance models and standards into the Chinese system of corporate governance. It investigates how China has adapted these models to fit in with its political, economic, and cultural norms in relation to its state owned enterprises （SOEs）, a large number of which are now listed in onthe Fortune Global 500 list. Overall, the study highlights that firstly, the importance of culture in the shaping and functioning of human behavior as well as that of institutions, and in their subsequent path dependence; and secondly the limited impact of property rights, minority shareholder rights, and financial markets as arbiters of the destination of investment funds.展开更多
While China will become a member of the World Trade Organization (WTO), the reform of state - owned enterprises (SOEs) is still in dilemma. This paper analyzes the main difficulties of SOEs’ reform in Jiangsu Provinc...While China will become a member of the World Trade Organization (WTO), the reform of state - owned enterprises (SOEs) is still in dilemma. This paper analyzes the main difficulties of SOEs’ reform in Jiangsu Province, and attributes them to the entrance of non - state - owned enterprises. Specifically, it includes the following reasons: (1)it is the inevitable results of the Chinese step - by - step reform, and the difficulties of SOEs’ are covered by the properity of non - SOEs. The factors market has become the most difficulties of the SOEs’ reform today. (2) it will not be useful if the economic reform only focuses the individual SOE. For China, the following problems must be solved as soon as possible: (1 ) the incentive mechanism; (2) the election mechanism on the top management; (3 ) the fair competitive environment, otherwise, the SOEs will not have competitive abililty in the international market after the entrance of WTO.展开更多
文摘Reflect on the benefits and costs of the current approaches in the European Union and the People’s Republic of China.To the conclusion that State Owned Enterprises(SOE)’s and more generally state conduct should be fully covered by competition law.
文摘This article examines the reception of Western corporate governance models and standards into the Chinese system of corporate governance. It investigates how China has adapted these models to fit in with its political, economic, and cultural norms in relation to its state owned enterprises （SOEs）, a large number of which are now listed in onthe Fortune Global 500 list. Overall, the study highlights that firstly, the importance of culture in the shaping and functioning of human behavior as well as that of institutions, and in their subsequent path dependence; and secondly the limited impact of property rights, minority shareholder rights, and financial markets as arbiters of the destination of investment funds.
文摘While China will become a member of the World Trade Organization (WTO), the reform of state - owned enterprises (SOEs) is still in dilemma. This paper analyzes the main difficulties of SOEs’ reform in Jiangsu Province, and attributes them to the entrance of non - state - owned enterprises. Specifically, it includes the following reasons: (1)it is the inevitable results of the Chinese step - by - step reform, and the difficulties of SOEs’ are covered by the properity of non - SOEs. The factors market has become the most difficulties of the SOEs’ reform today. (2) it will not be useful if the economic reform only focuses the individual SOE. For China, the following problems must be solved as soon as possible: (1 ) the incentive mechanism; (2) the election mechanism on the top management; (3 ) the fair competitive environment, otherwise, the SOEs will not have competitive abililty in the international market after the entrance of WTO.
