Research on the Performance of the State-owned Forestry Industry Enterprise Based on the Principal-Agent Theory
Since the establishment of the People’s Republic of China, the state-owned forestry industry (SOFI) has contributed greatly to national construction and social development. However, since the end of the 1970s the SOFI has been affected by the “two crises” [poor economic performance and ecological degradation], and these to date have yet to be resolved.