| Document Type
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BL
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| Record Number
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962389
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| Doc. No
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b716759
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| Main Entry
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Holz, Carsten.
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| Title & Author
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China's industrial state-owned enterprises between profitability and bankruptcy /\ Carsten A. Holz.
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| Publication Statement
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Singapore ;Hong Kong :: World Scientific,, ©2003.
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| Page. NO
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1 online resource (xix, 351 pages) :: illustrations
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| ISBN
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1281935697
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: 9781281935694
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: 9789812383327
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: 9789812795274
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: 9812383328
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: 9812795278
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9812383328
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| Bibliographies/Indexes
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Includes bibliographical references (pages 317-341) and index.
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| Contents
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1. Introduction. Efficiency may be an interesting concept. ... but it is profitability that matters. Industrial SOE profitability in the literature. The issues in this book. Acknowledgments -- 2. Data. The directly reporting industrial SOEs. Profit and profitability measures. Data sources. Appendix 1: Value-added. Appendix 2: Depreciation. Appendix 3: Labor remuneration -- pt. I. Explaining the reform period decline in industrial SOE profitability. 3. Tracing the decline in industrial SOE profitability through the profit and loss account. Industrial SOE profitability trends. Explaining the decline in industrial SOE profitability over time. Incentives to misreport profit. Operating surplus. Conclusions -- 4. The impact of competition and labor remuneration on profitability. Competition and excessive labor remuneration are not alternative hypotheses. Competition as a uni-causal explanation of profitability. Excessive labor remuneration as an alternative explanation of profitability. Explaining profitability. Conclusion -- 5. the impact of the liability-asset ratio on profitability. Explaining the time trend of the industrial SOE liability-asset ratio. Linking the liability-asset ratio to profitability. Conclusions -- pt. II. Industrial SOE profitability in perspective. 6. SOEs versus non-SOEs. Profitability patterns of SOEs versus non-SOEs. Selection bias. Explaining the profitability gap between industrial SOEs and non-SOEs. Conclusions -- 7. Profitability across industrial SOEs. Individual profitability patterns. Multivariate analysis. Sectoral profitability patterns. Conclusions -- 8. Recent industrial SOE reform policies. The 1998-2000 industrial SOE reform program. Enhancing enterprise management. Outlook -- 9. Conclusions. Main findings. Implications for privatization. Key issues in industrial SOE reform. Summing up.
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| Abstract
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After decades of declining profitability, China's industrial state-owned enterprises appear obsolete. This study relies on extensive data and quantitative analysis to examine the reasons for the decline in profitability, to ascertain their current profitability patterns across various dimensions, and to account for any profitability gap with enterprises in other ownership forms. Recent reform measures are also evaluated. A differentiated picture emerges which seeks to make past developments comprehensible and illuminate the prospects of the reform of industrial state-owned enterprises in China.
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| Subject
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Government business enterprises-- China-- Finance.
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Government corporations-- China-- Finance.
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Privatization-- China.
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BUSINESS ECONOMICS-- Industries-- General.
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Economic history.
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Government business enterprises-- Finance.
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Government corporations-- Finance.
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Privatization.
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China, Economic conditions, 1976-2000.
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| Subject
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China.
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| Dewey Classification
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338.620951
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| LC Classification
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HD4318.H65 2003eb
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| Parallel Title
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Guo you qi ye gai ge
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