000			01131pab a2200181 454500
008			180718b2001 xxu||||| |||| 00| 0 eng d
100			_aFreund, Elizabeth M.
245			_aFizz, froth, flat: the challenge of converting China's SOEs into shareholding corporations
260			_c2001
300			_ap.96-111
362			_aSpring
520			_aChina's attempts to convert its state firms into shareholding corporations have failed to alter SOE management behavior. This article examines this failure by looking at the flotation of Tsingtao Brewery shares in Hong Kong. The article argues that for reforms to be meaningful, changes need to be made to economic, political and legal institutions by which SOEs operate. These changes, such as allowing SOE directors managerial autonomy and clarifying areas of the Company Law, create incentives for managers to run their firms as business entities responsive to market forces and responsible to their investors. - Reproduced
650			_aStockholders - China
650			_aPublic sector - China
650			_aPublic sector
773			_aPolicy Studies Review
909			_a48779
999			_c48779 _d48779