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Economic reform, institutional transition, and firm contractual form innovation: An empirical study on China's township and village enterprises.

機譯:經濟改革,制度變遷和企業(yè)契約形式創(chuàng)新:對中國鄉(xiāng)鎮(zhèn)企業(yè)的實證研究。

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摘要

Since China launched economic reform in 1978, its economy has been growing at a remarkable rate. Its institutional transition toward a free market system is significant as well. However, China's reform has followed a distinctive strategy from other reforming former centrally planning economies, i.e., it takes a bottom-up endogenous rather than top-down exogenous reform path.; This empirical study on China's township and village enterprises shows that the community public ownership of rural enterprises has effectively combined the comparative advantage of local government leaders in external management and of firm managers in internal management--two unmarketed inputs in firm's operation--to overcome the imperfection in both market and government during the transition. It has also led to a swift expansion of this sector. In response to the transitional environment, the managerial contractual form applied to collective TVEs has been innovated continuously. Such innovation entitles firm managers more control and residual claim rights over the firms in the purpose of motivating them to take more responsibilities and risks toward firms' financial performance, and reducing contract enforcement costs. The contractual structure in this sector has evolved from a government-leader dominant fixed-wage form to partnership style profit-sharing form, then to privatization-oriented fixed-payment form in the past fifteen years.; This dissertation explicates how the central government's partial reform efforts in market liberalization have become the driving force to induce the contractual form innovation in the TVE sector, and how heterogeneity in firms' technical structure and in the local economic setting may affect community government's decisions regarding contractual form innovation. The labor-intensive firms, especially those in richer areas, are among the first group to be granted fixed-payment contracts, while the capital-intensive firms, or those in relatively backward areas, have notably lagged in such movement. However, development in the whole market system may result in the diffusion of contractual form innovation and lead to an "induced privatization" in this sector, because such innovation stimulates the formation of effectively functioning markets for rural labor and managers and demands further reform on legal and political dimensions.
機譯:自1978年中國進行經濟改革以來,中國經濟一直以驚人的速度增長。其向自由市場體系的體制過渡也很重要。但是,中國的改革采取了與其他改革原先的中央計劃經濟體不同的戰(zhàn)略,即采取自下而上的內生性而非自上而下的外生性改革路徑。這項關于中國鄉(xiāng)鎮(zhèn)企業(yè)的實證研究表明,農村企業(yè)的社區(qū)公有制有效地結合了地方政府領導人在外部管理中和公司經理在內部管理中的比較優(yōu)勢-這是公司運營中的兩個非市場投入-以克服過渡期間市場和政府的不完善。這也導致該部門的迅速擴張。為適應這種過渡環(huán)境,適用于集體鄉(xiāng)鎮(zhèn)企業(yè)的管理合同形式已經不斷創(chuàng)新。這種創(chuàng)新賦予公司經理更多的控制權和對公司的剩余索償權,以激勵他們對公司的財務業(yè)績承擔更多的責任和風險,并減少合同執(zhí)行成本。在過去的十五年中,該部門的合同結構已經從以政府領導人為主導的固定工資形式發(fā)展為合伙制式的利潤分享形式,然后發(fā)展為面向私有化的固定付款形式。本文闡述了中央政府在市場自由化方面的部分改革努力如何成為誘發(fā)鄉(xiāng)鎮(zhèn)企業(yè)合同形式創(chuàng)新的驅動力,以及企業(yè)技術結構和地方經濟環(huán)境的異質性如何影響社區(qū)政府的合同決策。形成創(chuàng)新。勞動密集型企業(yè),特別是富裕地區(qū)的企業(yè),是首批獲得固定付款合同的企業(yè)之一,而資本密集型企業(yè)或相對落后地區(qū)的企業(yè)則明顯落后于這種趨勢。但是,整個市場體系的發(fā)展可能導致合同形式創(chuàng)新的擴散,并導致該部門的“誘發(fā)私有化”,因為這種創(chuàng)新會刺激農村勞動力和管理人員有效運作的市場的形成,并要求對法律進行進一步改革。和政治層面。

著錄項

  • 作者

    Chen, HongYi.;

  • 作者單位

    University of California, Berkeley.;

  • 授予單位 University of California, Berkeley.;
  • 學科 Economics General.; Economics Agricultural.; Sociology Social Structure and Development.
  • 學位 Ph.D.
  • 年度 1997
  • 頁碼 296 p.
  • 總頁數 296
  • 原文格式 PDF
  • 正文語種 eng
  • 中圖分類 經濟學;農業(yè)經濟;社會結構和社會關系;
  • 關鍵詞

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