Mention526633
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| so:text | All the alleged key causes of SOE inefficiency—the principal-agent problem, the free-rider problem and the soft budget constraint—are, while real, not unique to state-owned enterprises. Large private-sector firms with dispersed ownership also suffer from the principal-agent problem and the free-rider problem. So, in these two areas, forms of ownership do matter, but the critical divide is not between state and private ownership—it is between concentrated and dispersed ownerships. (en) |
| so:isPartOf | https://en.wikiquote.org/wiki/Ha-Joon_Chang |
| so:description | Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008) (en) |
| qkg:hasContext | qkg:Context259542 |
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| qkg:Quotation499100 | qkg:hasMention |
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