question archive When China reformed state-owned enterprises, it tried a new approach to choosing managers: it put managerial jobs up for auction
When China reformed state-owned enterprises, it tried a new approach to choosing managers: it put managerial jobs up for auction
Subject:MarketingPrice:2.88 Bought15
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 outside bidders won, there was little productivity improvement. If incumbent managers were not generally more qualified, how can you explain this result?
Option 1
Low Cost Option
Download this past answer in few clicks
2.88 USD
PURCHASE SOLUTION
Option 2
Custom new solution created by our subject matter experts
GET A QUOTE
rated 5 stars
Purchased 15 times
