by Yao Fang. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1993. / Includes bibliographical references (leaves 51-55). / ABSTRACT --- p.3 / CHAPTERS / Chapter I. --- INTRODUCTION --- p.4 / Chapter II. --- CHINA'S STATE ENTERPRISES AND THEIR MANAGEMENT --- p.8 / Chapter 2.1. --- The operation of the state enterprise system --- p.8 / Chapter 2.2. --- Agent problems in the management of state enterprises --- p.10 / Chapter 2.2.1 --- Managers as agents of the government --- p.11 / Chapter 2.3. --- Soft budget constraints --- p.13 / Chapter 2.3.1. --- Implication --- p.14 / Chapter III. --- PROPERTY RIGHTS AND THE ORIGIN OF THE INEFFICIENCY --- p.17 / Chapter 3.1. --- Enterprises and government apparatus --- p.17 / Chapter 3.2. --- Specification of property rights --- p.19 / Chapter 3.3. --- Institutional arrangement --- p.21 / Chapter IV. --- A REVIEW ON PRC'S ENTERPRISE REFORM --- p.24 / Chapter 4.1. --- The reconstruction of labour ownership --- p.24 / Chapter 4.2. --- The manager reform --- p.26 / Chapter 4.3. --- Some outcomes of the delegation --- p.27 / Chapter V. --- SHARE SYSTEM : A PROSPECT FUTURE --- p.29 / Chapter 5.1. --- To liberalize the economic foundation --- p.29 / Chapter 5.2. --- Share ownership system --- p.30 / Chapter 5.2.1. --- Purposes of share system reform --- p.31 / Chapter 5.2.2. --- Important factors in the application --- p.33 / Chapter 5.2.3. --- Some steps of share system reform --- p.34 / Chapter VI. --- CASE STUDY : SHANGHAI FEILO COMPANY LIMITED --- p.38 / Chapter 6.1. --- Introduction --- p.38 / Chapter 6.2. --- The process of transforming the share system --- p.40 / Chapter 6.3. --- Financial outcomes of the company --- p.43 / Chapter 6.4. --- Problems of the new system --- p.43 / Chapter VII. --- CONCLUSION --- p.46 / BIBLIOGRAPHY --- p.51

by Chak Hoi Kee, Clara, Lee Chi Chung, Jonathan. / Thesis (M.B.A.)--Chinese University of Hong Kong, 2000. / Includes bibliographical references (leaves 69-72). / ABSTRACT --- p.II / TABLE OF CONTENTS --- p.III / INTRODUCTION --- p.1 / METHODOLOGY --- p.3 / LITERATURE REVIEW --- p.4 / PRIVATIZATION --- p.7 / Chapter 4.1 --- Definition --- p.7 / Chapter 4.2 --- Privatization and Economic Theory --- p.8 / Chapter 4.2.1 --- Principal Agent Problem --- p.8 / Chapter 4.2.2 --- Non-Profit Maximizing Objectives --- p.9 / Chapter 4.2.3 --- Access to Information --- p.9 / Chapter 4.2.4 --- Alternate Suggestions --- p.9 / Chapter 4.3 --- Motivations for Privatization --- p.10 / SOE REFORMS IN CHINA --- p.11 / Chapter 5.1 --- Inadequacy of Previous SOE Reforms --- p.11 / Chapter 5.2 --- Development of the Shareholding System Reform - Early Attempts --- p.12 / Chapter 5.3 --- Setback (1989-1991) --- p.12 / Chapter 5.4 --- Rapid Expansion and Standardization --- p.13 / Chapter 5.5 --- A Step Closer to Privatization --- p.14 / Chapter 5.6 --- Shrinking State Ownership --- p.15 / Chapter 5.7 --- """Let Go of the Small""" --- p.17 / Chapter 5.8 --- Take a Firm Grip on the Large --- p.18 / Chapter 5.9 --- Current Situation --- p.18 / DEVEOPMENT OF THE CHINESE CAPITAL MARKET --- p.20 / Chapter 6.1 --- The Chinese Stock Market --- p.20 / Chapter 6.2 --- Types of Shares --- p.21 / "TSINGTAO BREWERY COMPANY LIMITED (""TSINGTAO"")" --- p.23 / Chapter 7.1 --- Background --- p.23 / Chapter 7.2 --- Ownership --- p.24 / Chapter 7.3 --- Group Structure --- p.25 / LEGAL PERSONS --- p.25 / PRC INVESTORS --- p.25 / THE COMPANY --- p.25 / Chapter 7.4 --- Board of Directors (as of 1998) --- p.26 / Chapter 7.5 --- The Brewery Industry --- p.27 / Chapter 7.6 --- Initial Public Offering --- p.28 / Chapter 7.6.1 --- Business Performance Prior to IPO --- p.28 / Chapter 7.6.2 --- Restructuring of the Group --- p.29 / BOARD OF DIRECTORS --- p.30 / GENERAL MANAGER --- p.30 / Chapter 7.7 --- IPO in Hong Kong and Shanghai --- p.30 / Chapter 7.8 --- Business Downturn 1993-1996 --- p.32 / Chapter 7.8.1 --- Deny Reporting the First Interim Result --- p.32 / Chapter 7.8.2 --- Misuse of the IPO Proceeds --- p.33 / Chapter 7.8.3 --- Disappointing 1994 Results --- p.33 / Chapter 7.8.4 --- Unsuccessful Acquisition Attempts --- p.34 / Chapter 7.8.5 --- Loss of the Leading Position --- p.35 / Chapter 7.8.6 --- Change in Management --- p.36 / Chapter 7.9 --- Turnaround 1996-Present --- p.37 / Chapter 7.9.1 --- Second Restructuring in 1997 --- p.37 / Chapter 7.9.2 --- Refocus Efforts in Marketing Activities --- p.38 / Chapter 7.9.3 --- Expansion to the Low-Middle Market --- p.39 / Chapter 7.9.4 --- Further Acquisition Via Low Cost Expansion --- p.39 / Chapter 7.9.5 --- Enhancing Shareholders Value --- p.40 / Chapter 7.9.6 --- Outstanding First Half 1999 Results --- p.40 / Chapter 7.10 --- Financial Performance --- p.41 / CHINA TELECOM (HONG KONG) LIMITED --- p.43 / Chapter 8.1 --- Introduction --- p.43 / Chapter 8.2 --- Privatization --- p.43 / Chapter 8.3 --- Board of Directors --- p.45 / Chapter 8.3.1 --- Executive Directors --- p.46 / Chapter 8.3.2 --- Non-Executive Directors --- p.47 / Chapter 8.3.3 --- Independent Non-Executive Directors --- p.47 / Chapter 8.4 --- Government Regulations --- p.48 / Chapter 8.5 --- Telecommunication Industry in China --- p.48 / Chapter 8.6 --- Acquisition (1997-1999) --- p.49 / Chapter 8.7 --- Sales Analysis --- p.50 / Chapter 8.8 --- Profitability Analysis --- p.52 / Chapter 8.9 --- Financial Positions --- p.53 / Chapter 8.10 --- Overall Performance --- p.54 / Chapter 8.11 --- Future Prospects --- p.55 / IMPLICATIONS --- p.56 / Chapter 9.1 --- Agency Problem Remained --- p.56 / Chapter 9.2 --- Corporate Governance Weakened --- p.58 / Chapter 9.3 --- Corporate Disclosure --- p.58 / Chapter 9.4 --- Disappointing Results --- p.58 / Chapter 9.5 --- Turnaround --- p.59 / Chapter 9.6 --- Competition --- p.59 / Chapter 9.7 --- Scrutiny from the Capital Market --- p.60 / Chapter 9.8 --- "Is Privatization Necessary or is it a ""Red Herring""?" --- p.61 / RECOMMENDATIONS --- p.62 / Chapter 10.1 --- Corporate Governance Incentives --- p.62 / Chapter 10.2 --- Diversified Representation of Board Members --- p.63 / Chapter 10.3 --- Create a market for corporate control --- p.63 / Chapter 10.4 --- Modernize financial accounting and auditing practices --- p.64 / Chapter 10.5 --- Establishing the Rule of Law --- p.65 / SUMMARY AND CONCLUSION --- p.66 / BIBLIOGRAPHY --- p.69

toc / Urban Planning and Environmental Management / Master / Master of Science in Urban Planning

published_or_final_version / Urban Studies / Master / Master of Social Sciences

As the economic reform deepened, private sector became the major force in the industrial expansion and collective sector diminished dramatically. Previous researches on the role of local government have been challenged. Instead of "local government as industrial firms" put forward by Andrew Walder, this dissertation proposes a new explanation "local government as agents". Local government has withdrawn from the direct intervention in firms' internal management. It turns to offer public services, as well as help firms to achieve institutional innovation and obtain scarce institutional resources. The firms will pay back to the local government in the forms of tax and other non-financial income. There are mutual selections between "agents" and "star" firms. Horizontal competitions between different governments always exist, and the "star" firms make use of these competitions to bargain with government to obtain more favorable policies. / Based on a case study of a privately-owned automobile enterprise (Geely Holding Group) in China, this study aims at exploring the interactions between institutional environment, local government and individual enterprises, as well as answering these two questions: Under an ambiguous institutional environment, (1) how can the private automobile enterprise deal with various institutional barriers and be able to survive and develop? (2) what role does local government play in this process? Informed by the work of Victor Nee, here in this thesis I put forward an integrated theoretical framework of institutions, local government, enterprises and social network in order to analyze the issues raised above. Qualitative research methods, such as participant observation, in-depth interview and archival research, were employed to collect data in the field. / Institutional ambiguity increases the cost of implementing rules and regulations on the local level, which makes local government more powerful in explaining and executing policies. Thus, local government has many chances to "filter" or "purify" institutional factors which are inconsistent with local interests, and share the profit with enterprises in its jurisdiction by helping them break through the institutional barriers. Based on the interaction between institution, local government and enterprises, cooperative alliance between enterprises and local government has been established, while the relationship between the central and local governments is covered non-cooperative. / It is found that institutional ambiguity is not only an obstacle but also an opportunity for organizational growth. Institutional ambiguity may create grey zones in the economic fields, where enterprises have chances to break through the administrative barriers with the help of local government. Economic and technical barriers can be partially lowered by administrative barriers. On the other hand, institutional ambiguity does increase the indeterminacy of economic actions; so the enterprises incline to rely on social network and establish legitimacy to reduce the risk. / 蔣怡. / Adviser: Tai-lok Lui. / Source: Dissertation Abstracts International, Volume: 71-01, Section: A, page: 0351. / Thesis (Ph.D.)--Chinese University of Hong Kong, 2009. / Includes bibliographical references (p. 204-210). / Electronic reproduction. Hong Kong : Chinese University of Hong Kong, [2012] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Electronic reproduction. Ann Arbor, MI : ProQuest Information and Learning Company, [200-] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Electronic reproduction. Ann Arbor, MI : ProQuest Information and Learning Company, [200-] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Abstracts in Chinese and English. / Jiang Yi.