{"title":"中国国有企业效率低下吗?","authors":"Shaomin Li, Y. Lin, David D. Selover","doi":"10.2753/CES1097-1475470504.2014.11082916","DOIUrl":null,"url":null,"abstract":"Abstract Using a panel data set of 200,000+ Chinese firms constructed by merging the Chinese census of manufacturing firms for 2000–2005, we compare the performance of Chinese state-owned enterprises (SOEs) and private firms in terms of rates of return, productivity, growth, costs, and investment. Using panel regressions, we find that Chinese industrial state-owned enterprises are, indeed, less efficient than private firms and pay less attention to costs, inventories, accounts receivables, investment, employee welfare, financing, and administration. We find that this adversely affects their performance. The findings are consistent with the soft-budget constraint hypothesis.","PeriodicalId":45785,"journal":{"name":"CHINESE ECONOMY","volume":null,"pages":null},"PeriodicalIF":1.4000,"publicationDate":"2014-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.2753/CES1097-1475470504.2014.11082916","citationCount":"25","resultStr":"{\"title\":\"Chinese State-Owned Enterprises: Are They Inefficient?\",\"authors\":\"Shaomin Li, Y. Lin, David D. Selover\",\"doi\":\"10.2753/CES1097-1475470504.2014.11082916\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Abstract Using a panel data set of 200,000+ Chinese firms constructed by merging the Chinese census of manufacturing firms for 2000–2005, we compare the performance of Chinese state-owned enterprises (SOEs) and private firms in terms of rates of return, productivity, growth, costs, and investment. Using panel regressions, we find that Chinese industrial state-owned enterprises are, indeed, less efficient than private firms and pay less attention to costs, inventories, accounts receivables, investment, employee welfare, financing, and administration. We find that this adversely affects their performance. The findings are consistent with the soft-budget constraint hypothesis.\",\"PeriodicalId\":45785,\"journal\":{\"name\":\"CHINESE ECONOMY\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":1.4000,\"publicationDate\":\"2014-09-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://sci-hub-pdf.com/10.2753/CES1097-1475470504.2014.11082916\",\"citationCount\":\"25\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"CHINESE ECONOMY\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2753/CES1097-1475470504.2014.11082916\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"CHINESE ECONOMY","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2753/CES1097-1475470504.2014.11082916","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
Chinese State-Owned Enterprises: Are They Inefficient?
Abstract Using a panel data set of 200,000+ Chinese firms constructed by merging the Chinese census of manufacturing firms for 2000–2005, we compare the performance of Chinese state-owned enterprises (SOEs) and private firms in terms of rates of return, productivity, growth, costs, and investment. Using panel regressions, we find that Chinese industrial state-owned enterprises are, indeed, less efficient than private firms and pay less attention to costs, inventories, accounts receivables, investment, employee welfare, financing, and administration. We find that this adversely affects their performance. The findings are consistent with the soft-budget constraint hypothesis.
期刊介绍:
The Chinese Economy offers an objective and analytical perspective on economic issues concerning China. It features research papers by scholars from around the world as well as selected translations of important articles from Chinese sources. The journal aims to provide expert insight on China"s economic development and directions for future research and policy analysis.