Focusing on the anti-business logic behavior of state-owned enterprises controllers,\nthis paper finds that the behavior is characterized by lack of cost constraints,\ncontrol of commodity prices to make it lower than market equilibrium\nprice, stressing on scale while neglecting efficiency, etc., which causes\nconsequences of overcapacity in some state-owned enterprises, zombie enterprises,\nthe loss of state-owned assets, financial burdens for the state, and\nunequal market status for private enterprises. Finally, the paper puts forward\neffective solutions.
Loading....