Property Rights and Markets in China's Transition (An Analysis of Markets, Property Rights Behavior, and Performance)

Author: Liu Xiaoxuan
Publisher:
Publish Date: 2003-12-01
Features: Does there exist a causal relationship or mutual determination between market structure and profit rates? Under China's transition economy, is the transformation of ownership the fundamental way to improve corporate performance? Which is the more important factor in determining performance—ownership or market competition? These are all widely debated issues in the field of economics. However, the major flaw of these debates lies in their one-sidedness, focusing either on property rights or on the market, inevitably leading to biases. This book, based on a summary of previous research theories, studies the issue of ownership structure against the backdrop of market structure and analyzes the corresponding performance-determining factors within this two-dimensional space, filling a gap in the field of economics research.
Focusing on the characteristics and current state of China's economy, this book examines and measures China's industrial structure and market structure, combining in-depth and specific analyses with the latest data provided by the industrial census. It holds significant guidance for policy makers at the forefront of reform, researchers, and corporate decision-makers.