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- W2034028371 abstract "As a contribution to the wider institutional analysis of China's enterprise reform, this paper argues that the principal agent theory is not suitable for analysis of China's public enterprises, notably state-owned enterprises, as by definition, it requires a decision-making principal and clearly defined property rights. The problems of the theory's application include the enigmatic identity of the principals and the inability of deducing refutable hypotheses. One primary reason for the divergent views about the identity of principals is widespread misconceptions of private property rights. These misconceptions lead to divergent views about the nature of another important actor in China's economy, the township and village enterprises. It is hoped that clarification of these concepts will improve the understanding of China's economy." @default.
- W2034028371 created "2016-06-24" @default.
- W2034028371 creator A5068468052 @default.
- W2034028371 date "2009-03-01" @default.
- W2034028371 modified "2023-10-01" @default.
- W2034028371 title "Principal Agent Theory and Private Property Rights in China's Economic Reform" @default.
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- W2034028371 doi "https://doi.org/10.1142/s0219747209000259" @default.
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