Professional Managers and Long-term Investment in State-owned Enterprises
Autor: | Yu Lingli, Wu lan, Mao Liqing |
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Rok vydání: | 2020 |
Předmět: |
lcsh:GE1-350
Finance Market competition business.industry State owned media_common.quotation_subject 05 social sciences Investment (macroeconomics) Term (time) State (polity) 0502 economics and business 050211 marketing business China lcsh:Environmental sciences 050203 business & management media_common |
Zdroj: | E3S Web of Conferences, Vol 214, p 02039 (2020) |
ISSN: | 2267-1242 |
DOI: | 10.1051/e3sconf/202021402039 |
Popis: | In the background of mixed ownership reform, the introduction of professional managers in state- owned enterprises is to gradually integrate with the market, participate in market competition, and improve the efficiency of state-owned assets. However, due to the late introduction of China, the professional manager system of state-owned enterprises is constantly developing and improving. The results of this study show that the introduction of professional managers in state-owned enterprises will reduce the long-term investment of enterprises, but it is not significant in the case of the combination of manager and chairman. This paper puts forward a new direction and thinking for the construction of professional manager system. |
Databáze: | OpenAIRE |
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