English, Article, Journal or magazine article edition: Behavioural Differences among Chinese Firms From the Perspective of Earnings Determination Xin Meng; Frances Perkins

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/42245
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Behavioural Differences among Chinese Firms From the Perspective of Earnings Determination
Author
  • Xin Meng
  • Frances Perkins
Physical Description
  • preprint
Notes
  • RePEc:wop:anuetd:9609
  • Firms with different ownership structure behave differently. Currently there are three major ownership structures in China’s industrial sector: state enterprises, collective enterprises, and private enterprises Market-oriented economic reform has given great autonomy to firm managers in terms of decision making. Nevertheless, properties are still owned by different levels of governments in the case of the state and the collective sectors. This may cause a separation between the function of decision-making and riskbearing, thereby inducing firms to pursue the objectives of maximising income per capita. To understand the behavioural differences among firms under different ownership structures, this paper analyses firms’ earnings determination behaviour using a data set comprised of all three sectors. The main findings are that the state and the collective sectors behave more like Labour Managed Firms, in that they try to maximise income per worker within the firm instead of profit, whereas the private sector behaves more like capitalist firms. Further, firms with a higher degree of risk-bearing tend to pay more attention to their economic and financial performance when making decisions on how to share profit.
  • RePEc:pas:papers:1996-09
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment