دانلود مقاله ISI انگلیسی شماره 80735
ترجمه فارسی عنوان مقاله

عمر طولانی شرکت های دولتی چین: تضعیف اسطوره عملکرد ضعیف مالی

عنوان انگلیسی
Long live China’s state-owned enterprises: deflating the myth of poor financial performance
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
80735 2002 37 صفحه PDF
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of Asian Economics, Volume 13, Issue 4, July–August 2002, Pages 493–529

ترجمه کلمات کلیدی
اصلاحات سازمانی دولتی ؛شرکت سودآوری دولتی ؛ شدت سرمایه
کلمات کلیدی انگلیسی
P31; P2; M4; L5; D2State-owned enterprise reform; State-owned enterprise profitability; Capital intensity
پیش نمایش مقاله
پیش نمایش مقاله  عمر طولانی شرکت های دولتی چین: تضعیف اسطوره عملکرد ضعیف مالی

چکیده انگلیسی

China’s industrial state-owned enterprises (SOEs) are commonly perceived as performing poorly. This leads authors to conclude that SOE reform so far has been a failure, and to recommend all-out privatization. Industrial SOE profitability indeed declined drastically in the course of the reform period, and industrial SOEs are always less profitable than industrial non-SOEs. However, the gap between SOEs and non-SOEs can be explained by just two factors: SOEs face higher circulation tax rates than non-SOEs, and have a higher capital intensity. In as far as these are the result of government policies and historical factors discriminating against SOEs, privatization of SOEs may improve these enterprises’ profitability levels, but privatization is not a necessary condition. The decline in SOE profitability over time furthermore is well explained by economic transition factors; non-SOE profitability declined following a similar time pattern, and non-SOEs are no better suited to withstand shocks such as the 1989–1990 economic downturn.