主管:中国科学院
主办:中国优选法统筹法与经济数学研究会
   中国科学院科技战略咨询研究院

Chinese Journal of Management Science ›› 2007, Vol. 15 ›› Issue (2): 15-20.

Previous Articles     Next Articles

Soft Budget Constraints and Transformation of the State-Owned Enterprise:Factor Input Analysis

CHENG Bin-hong   

  1. Department of Corporate Finance, International Business School, Nankai University University, Tianjin 30071, China
  • Received:2006-02-11 Revised:2007-02-26 Online:2007-04-30 Published:2007-04-30

Abstract: The paper studies the formation path of soft constraint by dynamic optimization and the process of State-owned enterprises(SOEs) transformation in China. The conclusion meansthe dismatch of factor input with the product model, and the outcome of the transformation of SOEs in China is to make factor input and product model satisfy the condition of weak matching.

Key words: soft budget constraints, path choice, matching

CLC Number: