Large firms and industrial reform in former planned economies: the case of China
研究了中国工业改革中大型国有企业的强劲增长，指出国家计划通过保护和支持选定的企业发挥了重要作用，这些企业逐渐向现代公司制度演变。
In China's industrial reform, alongside the much-studied dynamism of small industries, there has been a simultaneous powerful growth of large-scale state industry. State planning has played an important role in this process, through heavy protection from international competition and support for selected enterprises which it was hoped would benefit from economies of scale and scope. These enterprises have undergone gradual institutional change, with growing foreign investment, and slow movement towards multi-plant operation. This process is one in which there are emerging institutions resembling the modern business corporation, albeit with specific Chinese features.