EVENT INFORMATION

1
Yanüari
1987

Enterprise contracting ties managers’ rewards to firm results

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📅 1 Yanüari 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.

Inisiá sesion pa gusta òf marká e relato aki.
🔖 Marká

Personanan den e suseso aki

Zhao Ziyang

enterprise managers

Organisashonnan den e Evento aki

State Council

state-owned enterprises