"Well-governed SOEs are effective vehicles for infrastructure delivery and industrial policy"

Governing sustainability transitions through business model innovation: Towards a systems understanding

Ronan Bolton, Matthew Hannon

论文聚焦地方当局主导的ESCo模式，体现公有主体在基建与产业政策中的作用，但未直接论证SOEs治理质量与效能的关系。