The role of State-owned enterprises in China
Chinese SOEs are social enterprises that effectively balance the demands of multiple stakeholders. More importantly, China’s institutions provides a better supporting ecosystem for SOEs to reinforce the creation of social value when pursuing value maximization. The Chinese SOEs are able to sacrifice profits and efficiency to fulfill social roles (including environmental ones) when necessary. State-owned enterprises (SOEs) are important components of the Chinese economy. Although SOEs are generally considered inefficient […]