EVENT INFORMATION

1
Januari
1987

Enterprise contracting ties managers’ rewards to firm results

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📅 1 Januari 1987 📍 China

Contract responsibility arrangements spread in state industry, allowing firms to retain earnings after remitting agreed revenue to the state. This was an incremental way to grant autonomy without immediate privatization. Negotiated contracts varied, and incentives to maximize short-term profit could conflict with investment, worker security and public goals.

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Personen in deze gebeurtenis

Zhao Ziyang

enterprise managers

Organisaties in dit Evenement

State Council

state-owned enterprises