【摘要】 本文从形式权威的视角分析了政府的控制权和经理主动权之间的权衡、政府的关系专用投资与经理的关系专用投资之间的投资阻塞。与政策性负担造成国有企业没有自生能力的传统观点不同,本文认为是各方努力及关系专用投资的投资阻塞问题造成了国有企业没有自生能力。更多还原

【Abstract】 This paper analyses the tradeoff between the government’s control and the manager’s initiative, and the holdup between the government’s and the manager’s relation-specific investments, in the sense of authority form. Traditional opinion holds that it is policy burden that results in SOEs’ lack of viability, however, this paper argues that it is the holdup problem that brings about SOEs’ lack of viability.更多还原