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Article: Profit-sharing and financial performance in the Chinese state enterprises: Evidence from panel data

TitleProfit-sharing and financial performance in the Chinese state enterprises: Evidence from panel data
Authors
KeywordsChina
Financial performance
Productivity
Profit-sharing
State-owned enterprises
Issue Date1996
PublisherSpringer New York LLC. The Journal's web site is located at http://springerlink.metapress.com/openurl.asp?genre=journal&issn=1573-9414
Citation
Economics Of Planning, 1996, v. 29 n. 3, p. 205-222 How to Cite?
AbstractThis paper examines the effects of incentives in employee remuneration on financial performance in a sample of Chinese state-owned enterprises (SOEs) during the late 1980s and early 1990s. The estimates show that bonus payments as a form of profit-sharing between employees and the state have positive effects on both the total factor productivity and profitability of the sample SOEs. Moreover, the actual level of bonus payments is found to be lower than the optimal level which a competitive firm would set to maximise profits. These results suggest that profit-sharing introduced in Chinese state-owned enterprises as one of the centrepieces of economic reforms over the last decade has been effective. © 1996 Kluwer Academic Publishers.
Persistent Identifierhttp://hdl.handle.net/10722/138719
ISSN
2003 Impact Factor: 0.207
2008 SCImago Journal Rankings: 0.237
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorZhuang, Jen_HK
dc.contributor.authorXu, Cen_HK
dc.date.accessioned2011-09-08T08:13:10Z-
dc.date.available2011-09-08T08:13:10Z-
dc.date.issued1996en_HK
dc.identifier.citationEconomics Of Planning, 1996, v. 29 n. 3, p. 205-222en_HK
dc.identifier.issn0013-0451en_HK
dc.identifier.urihttp://hdl.handle.net/10722/138719-
dc.description.abstractThis paper examines the effects of incentives in employee remuneration on financial performance in a sample of Chinese state-owned enterprises (SOEs) during the late 1980s and early 1990s. The estimates show that bonus payments as a form of profit-sharing between employees and the state have positive effects on both the total factor productivity and profitability of the sample SOEs. Moreover, the actual level of bonus payments is found to be lower than the optimal level which a competitive firm would set to maximise profits. These results suggest that profit-sharing introduced in Chinese state-owned enterprises as one of the centrepieces of economic reforms over the last decade has been effective. © 1996 Kluwer Academic Publishers.en_HK
dc.languageengen_US
dc.publisherSpringer New York LLC. The Journal's web site is located at http://springerlink.metapress.com/openurl.asp?genre=journal&issn=1573-9414en_HK
dc.relation.ispartofEconomics of Planningen_HK
dc.rightsThe original publication is available at www.springerlink.com-
dc.subjectChinaen_HK
dc.subjectFinancial performanceen_HK
dc.subjectProductivityen_HK
dc.subjectProfit-sharingen_HK
dc.subjectState-owned enterprisesen_HK
dc.titleProfit-sharing and financial performance in the Chinese state enterprises: Evidence from panel dataen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0013-0451&volume=29&issue=3&spage=205&epage=222&date=1996&atitle=Profit-sharing+and+financial+performance+in+the+Chinese+state+enterprises:+Evidence+from+panel+data+-
dc.identifier.emailXu, C: cgxu@hku.hken_HK
dc.identifier.authorityXu, C=rp01118en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1007/BF00683949-
dc.identifier.scopuseid_2-s2.0-0030423286en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0030423286&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume29en_HK
dc.identifier.issue3en_HK
dc.identifier.spage205en_HK
dc.identifier.epage222en_HK
dc.identifier.isiWOS:A1996WC63100005-
dc.publisher.placeNetherlandsen_HK
dc.identifier.scopusauthoridZhuang, J=24823242900en_HK
dc.identifier.scopusauthoridXu, C=23020300700en_HK

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