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Decentralization and Vertical Control in China's Government Controlled Firms

机译:中国政府控制公司的权力下放与垂直控制

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China's government controlled firms face two conflict tasks: For one thing, government should credibly delegate efficiency to firms to make them competitive. For the other, the government also needs to control the firms to achieve their political goals. We suggest one way in which the China's government solves this conflict tasks by building pyramidal business groups in which they delegate authority while simultaneously creating vertical correlations to maintain control. Further, we theorize that higher levels of government are more likely to pursue this strategy. Results of quantitative analysis of China's government controlled business groups generally support our expectations.
机译:中国政府控制公司面临两项冲突任务:一方面,政府应可靠地将效率委托给公司,使其成为竞争力。 另一方面,政府还需要控制公司实现政治目标。 我们建议中国政府通过建立金字塔的业务团体来解决这一冲突任务,其中他们代表权限同时创造垂直相关性以维持控制。 此外,我们了解更高水平的政府更有可能追求这一战略。 中国政府控制业务集团的定量分析结果普遍支持我们的期望。

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