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With deregulation and globalization, and the impact of these developments on economies worldwide, it has become necessary for the PRC authorities to consider an approach that would further attune its economic engine toward sustained growth. This paper argues that certain sectors of the economy
Persistent link: https://www.econbiz.de/10011282569
dataset of over 4,000 enterprises and considers both the prior educational attainment of workers and in-service training … programs of enterprises. Differences between small, medium-sized, and large enterprises and between countries are also … productivity. The productivity of small and medium-sized enterprises (SMEs) is enhanced by a higher level of skills and education …
Persistent link: https://www.econbiz.de/10011522028
Prepared for the Handbook Of New Institutional Economics, this chapter focuses on how the NIE has been used to understand transition and how the experience of transition can help inform the NIE. It first shows that the NIE, as an analytical tool, hardly played any role at all in early...
Persistent link: https://www.econbiz.de/10005823503
ownership-legal form categories of firms. By using a large panel of quarterly observations, we eliminate biases introduced by …
Persistent link: https://www.econbiz.de/10009477230
Reform of 2005. This reform allowed a reduction of government ownership by making government shares tradable. We find that … the impact of government ownership on leverage is dependent on whether the government is the largest shareholder in a firm … and whether the government ownership is through a parent state-owned enterprise. In addition, we document that the largest …
Persistent link: https://www.econbiz.de/10012621003
quantification of the gains from optimal ownership within multinational firms, by exploiting a major liberalization of China's policy …Seminal theories of the firm posit that firm ownership is allocated to minimize contractual inefficiencies. Yet, it … remains unclear how much the optimal ownership choice affects firm performance in practice. This paper provides a first …
Persistent link: https://www.econbiz.de/10014377525
health services. China's recent health reforms call for non-discrimination against private providers and emphasize … Shandong Province, China. The case study draws on three primary sources of data: administrative records; a household survey of …
Persistent link: https://www.econbiz.de/10010317191
We investigate ownership effects on capital and adjustments speed to the target capital ratio in China from 2000 to … 2012 and find that state-owned banks hold higher levels of capital than banks of other ownership types. Foreign banks are … banks, while foreign minority ownership results in a faster adjustment process. Capital is positively influenced by …
Persistent link: https://www.econbiz.de/10012148733
Since China joined the WTO in 2001, the pressure for bank reforms has mounted as China ought to fully open up its …, but it appears that the last hope for raising bank efficiency is through ownership reform. Whether ownership reform and … foreign competition can solve China's banking problem remains to be tested. This paper aims to answer this question through …
Persistent link: https://www.econbiz.de/10003725555
"The paper evaluates the effects of privatization in the post-communist economies and China. In post … institutional development. In China relatively more estimates suggest that privatization to domestic owners improves the level of … performance. Concentrated private ownership has a stronger positive effect on performance than dispersed ownership in the post …
Persistent link: https://www.econbiz.de/10003791159