A Multi-Task Theory of the State Enterprise Reform

41 Pages Posted: 31 Oct 2000

See all articles by Chong-En Bai

Chong-En Bai

The University of Hong Kong - School of Economics and Finance; University of Michigan - William Davidson Institute

David D. Li

Hong Kong University of Science & Technology (HKUST) - Department of Economics

Zhigang Tao

The University of Hong Kong - School of Business

Yijiang Wang

University of Minnesota - Twin Cities - Carlson School of Management

Date Written: March 2001

Abstract

During transition, maintaining employment and providing a social safety net to the unemployed are important to social stability, which in turn is crucial for the productivity of the whole economy. Because independent institutions for social safety are lacking and firms with strong profit incentives have little incentives to promote social stability due to its public good nature, state-owned enterprises (SOEs) are needed to continue their role in providing social welfare. Charged with the multi-tasks of efficient production as well as social welfare provision, SOEs continue to be given low profit incentives and consequently, their financial performance continues to be poor.

Keyword s: Dual-track reform, multi-task, social stability, unemployment

JEL Classification: P31, P23, P20, D21, J23, L20

Suggested Citation

Bai, Chong-En and Li, David Daokui and Tao, Zhigang and Wang, Yijiang, A Multi-Task Theory of the State Enterprise Reform (March 2001). Available at SSRN: https://ssrn.com/abstract=246468 or http://dx.doi.org/10.2139/ssrn.246468

Chong-En Bai (Contact Author)

The University of Hong Kong - School of Economics and Finance ( email )

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University of Michigan - William Davidson Institute ( email )

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David Daokui Li

Hong Kong University of Science & Technology (HKUST) - Department of Economics ( email )

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China
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HOME PAGE: http://home.ust.hk/~davidli

Zhigang Tao

The University of Hong Kong - School of Business ( email )

Meng Wah Complex
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Hong Kong
China
(852) 2857-8223 (Phone)
(852) 2858-5614 (Fax)

Yijiang Wang

University of Minnesota - Twin Cities - Carlson School of Management ( email )

321 19th Avenue South
Industrial Relations Center
Minneapolis, MN 55455
United States
612-624-6814 (Phone)
612-624-8360 (Fax)

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