Personnel Power: Governing State-Owned Enterprises

نویسندگان

چکیده

Abstract State-owned enterprises (SOEs) retain a strong presence in many economies around the world. How do governments manage these firms given their dual economic and political nature? Many states use authority over executive appointments as key means of governing SOEs. We analyze nature this “personnel power” by assessing patterns SOE leaders’ mobility China, country with largest state-owned sector. Using logit multinomial models on an original dataset central attributes company information from 2003 to 2017, we measure effects performance connectedness likelihood staying power. find that leaders well-performing those patronage ties elites charge evaluation are more likely stay office. These findings suggest can leverage personnel power pursuit stability when management is highly politically integrated.

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ژورنال

عنوان ژورنال: Business and Politics

سال: 2021

ISSN: ['1469-3569', '1369-5258']

DOI: https://doi.org/10.1017/bap.2021.5