Article Abstract:
A theory is developed on ambiguous property rights in which property owners have to contest the actual control right in all situations. The highly successful non-state sector of China is a prime example of ambiguous property rights, which arise because of a market environment that is imperfect. It was suggested that in China's undeveloped market environment, ambiguous property rights are more efficient than clearly defined private property rights.
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Article Abstract:
Research is presented describing the development of an optimal ownership arrangement model for analysing the affects of privatization in Chinese collective enterprises undergoing transitional economic change.
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Article Abstract:
Research is presented describing the development of a financial model to measure the influence on economic performance of interest rate changes and credit control by the Chinese government.
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