State Corporate Enterprises in China: Lessons from Management and Competitive Advantages
State Corporate Enterprises in China: Lessons from Management and Competitive Advantages

Summary/Abstract: Although the state ownership on enterprises is densely criticized by classical economists as inefficient, nevertheless state-owned enterprises (SOEs) particularly in developing countries contribute to the creation of GDP, trade and capital flows. The system of their corporate governance is built in a bit different way than in the private sector: not only in the sphere of administrative power delegation, but also regarding the status of legal person, the rights of investors, transferability of their shares, as well as providing of competitive advantages. Lessons learned from the advantages and disadvantages of state company management in China, where they are most common, are in the focus of this article.

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