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Leadership capability and the effectiveness of state-owned enterprise


In this paper, a conceptual model of state-owned enterprises(SOEs) is built up based on several different perspectives, such as property right approach, management approach, and leadership capability approach. Using the data of World Bank’s survey on 1500 Chinese firms from five cities in 2001, the authors conclude that differences in leadership capabilities represented by leaders’ demographic characteristics exert influences on enterprise efficiency. Specifically, the degree of such influences in the SOEs is much higher than that of in the non-state-owned enterprise(NSOE) due to reasons of property right problems and insufficient incentive mechanisms in SOEs. Furthermore, the authors argue that empowering reforms will lead to phenomenon of differentiation in SOEs, causing huge differences in enterprise performances in the long run.


基于产权学派、 맜理学派及领导者能力学派的观点建立概念模型, 利用世界银行 2001 年对我国 5 个城市 1500 家企业的调查数据, 采用计量统计方法对数据进行分析, 得出由领导者传记性特征所代表的能力差异会影响企业效率的结论。 同时, 由于产权和激励机制方面的不足, 这种影响程度在国有企业内部会远大于非国有企业。 放权式改革政策会导致国有企业间的分化现象, 最终导致企业间的经营业绩现很大差异。


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Correspondence to Runtian Jing.

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Jing, R., Liu, Y. & Liu, P. Leadership capability and the effectiveness of state-owned enterprise. Front. Bus. Res. China 2, 219–239 (2008).

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