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Category > Economics Posted 22 Jun 2017 My Price 4.00

when china reformed

when china reformed state owned enterprises it tried a new approach to choosing managers, it put managerial jobs up for auction.the bids for the jobs consisted of promises of future profit streams that the managers would generate and then deliver to the state. in cases where the incumbent manager was the winning bidder, firm productivity tended to increase dramatically. when the outside bidders won, there was little productivity improvement. if incumbent manager were not generally more qualified how can you explain this result?

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SuperTutor
(15)
Status NEW Posted 22 Jun 2017 07:06 AM My Price 4.00

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