Autonomy and Incentives in Chinese State Enterprises

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ID: 305483
1994
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Abstract
When the responsibility for output decisions was shifted from the state to the firm, and when firms were allowed to retain more of their profits, managers of Chinese state-owned enterprises strengthened workers' incentives. The managers paid more in bonuses and hired more workers on fixed-term contracts. The new incentives were effective: productivity increased with increases in bonus payments and in contract workers. The increase in autonomy raised workers' incomes (but not managers' incomes) and investment in the enterprise, but tended not to raise remittances to the state.
Reference Key
openalex_W2084411001 Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Trish Groves, Yongmiao Hong, John McMillan, Blake Alan Naughton
Journal the quarterly journal of economics
Year 1994
DOI
10.2307/2118432
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Keywords Keywords not found

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