About the Authors |
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xi | |
Editorial Committee |
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xiii | |
Foreword |
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xv | |
Acknowledgments |
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xix | |
Introduction |
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xxi | |
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xxv | |
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xxix | |
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Chapter 1 The Theory and Process of SOE Reform |
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1 | (34) |
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1 The Reform of SOEs: "Decentralizing Power and Giving Up Profits" (1978--1986) |
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3 | (7) |
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2 The Reform of SOEs: "Separating Control From Ownership" (1987--1992) |
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10 | (6) |
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3 The Reform of SOEs: "Establishing a Modern Enterprise System" (1993--present) |
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16 | (8) |
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4 Policies which drove the reform of SOEs |
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24 | (10) |
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34 | (1) |
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Chapter 2 Classification of State-Owned Assets and State-Owned Enterprises |
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35 | (10) |
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1 Classified by the Nature of Assets |
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35 | (2) |
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2 Classified by Government Management Method |
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37 | (5) |
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3 SOEs Under the Ministry of Finance |
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42 | (3) |
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Chapter 3 The Current Performance of SOEs (1): Efficiency |
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45 | (46) |
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1 Literature Review of Research into the Efficiency of SOEs |
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45 | (5) |
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2 The Basic Approach of this Report on Efficiency |
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50 | (1) |
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3 The Nominal Performance of SOEs |
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51 | (1) |
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4 Back to Reality: Unpaid Costs and State Subsidies |
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52 | (22) |
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5 Discussion on the "Enterprise as Society" and "The Burden of Retired Workers" |
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74 | (5) |
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6 The Real Performance of SOEs |
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79 | (3) |
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82 | (9) |
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Supplementary Information |
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83 | (8) |
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Chapter 4 Current Performance of SOEs (2): Distribution |
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91 | (34) |
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1 The Influence of Subsidies and Costs that Should have been Paid on Distribution from the Perspective of National Income |
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91 | (4) |
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2 The Monetary and Non-monetary Incomes of the Employees of SOEs |
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95 | (14) |
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3 Comparison of Income of Senior Managers between SOEs and Other Types of Enterprises |
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109 | (3) |
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4 Comparison of the Tax Payment between SOEs and Other Types of Enterprises |
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112 | (3) |
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5 The Profit Payment and Dividend Distribution of SOEs |
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115 | (8) |
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123 | (2) |
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Chapter 5 "State Advance and Private Retreat" and its Impact on Market Competition |
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125 | (32) |
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1 Have SOEs Advanced or Retreated in Recent Years? |
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126 | (8) |
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2 Typical Cases of the State's Advance |
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134 | (20) |
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3 An Analysis of the Phenomenon of "State Advance" |
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154 | (3) |
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Chapter 6 The Macroeconomic Impact of SOEs |
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157 | (18) |
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1 The Integration of State Assets and "Economic Fragility" |
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157 | (3) |
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2 The Impact of SOE Performance on China's Real Estate Market |
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160 | (6) |
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3 The Impact of the Current Performance of SOEs: The Case of the Stock Market |
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166 | (6) |
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4 The Impact of the Current Performance of SOEs: Bulk Stock |
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172 | (1) |
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173 | (2) |
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Chapter 7 Political Economy: An Analysis of SOE's Performance |
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175 | (18) |
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1 Historical Origins of SOEs' Current Problems |
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175 | (3) |
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2 Institutional Status of SOEs in the Early 1990s |
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178 | (3) |
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3 The Interests of SOE Managements against this Distorted Institutional Background |
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181 | (5) |
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4 The "Revolving Door" of SOE Managers and Government Officials |
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186 | (1) |
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5 "In-house Lobbying" by SOE Managements |
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187 | (2) |
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6 Constitutional Defects of Government Departments in China: "Bureaucratic Law-Making" |
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189 | (4) |
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Chapter 8 The Nature of SOEs: An Economic Perspective |
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193 | (6) |
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1 The Nature of Enterprises |
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193 | (1) |
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2 The Nature of the State |
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194 | (1) |
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194 | (3) |
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197 | (1) |
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5 The Constitutional Relationship between SOEs and the Government |
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197 | (2) |
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Chapter 9 The Nature of SOEs: A Legal Perspective |
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199 | (16) |
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1 SOEs as Special Public Institutions |
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200 | (4) |
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2 The Normative Significance of SOEs as Special Public Institutions |
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204 | (3) |
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3 The Strategic Significance to China's SOE Reform of Reaffirming the Public Nature of SOEs |
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207 | (6) |
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213 | (2) |
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Chapter 10 Continued SOE Reform |
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215 | (146) |
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1 Reflection and Comments on SOE Reform |
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215 | (9) |
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2 Short-term SOE Reform Plans |
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218 | (6) |
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3 Ultimate Goals of SOE Reform |
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224 | (8) |
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Sub-Report 1 Comments on the "Mission" of SOEs |
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231 | (1) |
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1 Theory of "Enriching the Country and Strengthening the Military" |
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232 | (5) |
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2 Theory of "National Economy and People's Livelihoods" |
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237 | (4) |
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3 Theory of "National Security" |
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241 | (8) |
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4 Theory of "International Competitiveness" |
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249 | (3) |
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5 Theory of "Social Responsibility" |
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252 | (7) |
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6 Theory of "Ruling Foundations" |
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259 | (8) |
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265 | (2) |
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Sub-Report 2 Conflicts between SASAC's Mandate and its Actual Role |
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267 | (1) |
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267 | (1) |
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2 Process of SASAC's Establishment |
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268 | (6) |
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274 | (5) |
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4 Conflicts in SASAC's Role |
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279 | (3) |
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282 | (5) |
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285 | (2) |
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Sub-Report 3 Lack of Rent for Land for Industrial and Commercial Purposes in China |
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287 | (1) |
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1 Calculation of Rents for State-Owned Land for Industrial and Mining Purposes and Land of State-Owned Industrial Enterprises |
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287 | (12) |
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2 Calculation of State-Owned Land for Commercial and Service purposes |
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299 | (4) |
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3 Rent of State-Owned Land for Industrial and Mining Purposes and Rent of Land for Commercial and Service Purposes |
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303 | (3) |
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Supplementary Information |
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306 | (11) |
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315 | (2) |
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Sub-Report 4 Evolution of SOE-Related Policies |
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317 | (1) |
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317 | (3) |
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320 | (8) |
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3 Principal-Agent Relationships |
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328 | (4) |
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4 Corporate Governance Structure |
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332 | (3) |
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5 Profit Distribution and Relevant Financial Policies |
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335 | (4) |
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6 Transfer and Transaction of Property Rights |
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339 | (3) |
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7 Remuneration and Internal Distribution System |
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342 | (5) |
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8 Social Responsibilities of SOEs |
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347 | (2) |
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9 Policy Sources of SOE Monopolies |
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349 | (12) |
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360 | (1) |
Bibliography |
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361 | (8) |
Index |
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369 | |