LEADER 04845nam 2200673 a 450 001 9910814639903321 005 20200520144314.0 010 $a1-281-93569-7 010 $a9786611935696 010 $a981-279-527-8 035 $a(CKB)1000000000537836 035 $a(EBL)1681240 035 $a(SSID)ssj0000121391 035 $a(PQKBManifestationID)11128732 035 $a(PQKBTitleCode)TC0000121391 035 $a(PQKBWorkID)10109881 035 $a(PQKB)11595452 035 $a(MiAaPQ)EBC1681240 035 $a(WSP)00005242 035 $a(Au-PeEL)EBL1681240 035 $a(CaPaEBR)ebr10255416 035 $a(CaONFJC)MIL193569 035 $a(OCoLC)815752535 035 $a(EXLCZ)991000000000537836 100 $a20040213d2003 uy 0 101 0 $aeng 135 $aurbuu|||uu||| 181 $ctxt 182 $cc 183 $acr 200 10$aChina's industrial state-owned enterprises between profitability and bankruptcy /$fCarsten A. Holz 205 $a1st ed. 210 $aSingapore ;$aHong Kong $cWorld Scientific$dc2003 215 $a1 online resource (372 p.) 300 $aDescription based upon print version of record. 311 $a981-238-332-8 320 $aIncludes bibliographical references (p. 317-341) and index. 327 $aPreface; Contents; List of Tables; List of Figures; 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; Defining the Object of Analysis; Industrial SOEs in Perspective; Sectoral and Regional Classification of Industrial SOEs; Profit and Profitability Measures; Profit; Profitability in the Literature; Profitability in This Book; Data Sources; Appendix 1: Value-added; Appendix 2: Depreciation 327 $aAppendix 3: Labor Remuneration Wages; Social Welfare Expenditures for Current Employees; Pensions and Social Welfare Expenditures for Retirees; Part 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 327 $aCompetition 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; Conclusions; 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; Part II Industrial SOE Profitability in Perspective; 6. SOEs versus Non-SOEs; Profitability Patterns of SOEs versus Non-SOEs; Selection Bias 327 $aExplaining 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; References; Index 330 $aAfter decades of declining profitability, China's industrial state-owned enterprises appear to be obsolete. This book utilizes extensive data and qualitative as well as quantitative analyses to examine the reasons for the decline in the profitability of these industrial state-owned enterprises, to determine their current profitability patterns across various dimensions, and to account for profitability gaps between these enterprises and those managed under other ownership forms. China's recent enterprise reform measures are also evaluated. A differentiated picture emerges that clarifies past 517 1 $aGuo you qi ye gai ge 606 $aGovernment business enterprises$zChina$xFinance 606 $aGovernment corporations$zChina$xFinance 606 $aPrivatization$zChina 607 $aChina$xEconomic conditions$y1976-2000 615 0$aGovernment business enterprises$xFinance. 615 0$aGovernment corporations$xFinance. 615 0$aPrivatization 676 $a338.0951 700 $aHolz$b Carsten$01660126 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910814639903321 996 $aChina's industrial state-owned enterprises between profitability and bankruptcy$94015149 997 $aUNINA