Does Group Affiliation Improve Firm Performance? The Case of Chinese State-Owned Firms
This paper analyses the performance of state-owned business groups in China. Group affiliation can be important for economic policy evaluation since the Chinese government promotes the formation of business groups as a first step in the process of reforming state enterprises into modern corporations. The analysis applies a range of econometric techniques to a sample of 657 Chinese state-owned firms in 2005 and shows that group affiliation has a robust positive effect on performance. Group affiliation may in this respect provide a successful alternative to large-scale privatisation.
Year of publication: |
2009
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Authors: | Yu, Huanjun ; Ees, Hans Van ; Lensink, Robert |
Published in: |
Journal of Development Studies. - Taylor & Francis Journals, ISSN 0022-0388. - Vol. 45.2009, 10, p. 1615-1632
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Publisher: |
Taylor & Francis Journals |
Saved in:
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