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State Capitalism vs. Private Enterprise
Ljungqvist, Alexander - 2015
We study the efficiency of capital allocations at state-controlled and privately owned business groups in China. Using …
Persistent link: https://www.econbiz.de/10012457736
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Reluctant Entrepreneurs : Evidence from China's SOE Reform
Fang, Hanming; Li, Ming; Wu, Zenan; Zhang, Yapei - National Bureau of Economic Research - 2023
We study the impact of state-owned enterprises (SOEs) on the quality of entrepreneurship in China. Using long series of firm registration and performance data, we document that the massive SOE downsizing in the late 1990s significantly improved the quality of entrepreneur- ship. Compared with...
Persistent link: https://www.econbiz.de/10014372457
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Can a Tiger Change Its Stripes? Reform of Chinese State-Owned Enterprises in the Penumbra of the State
Harrison, Ann - 2019
there are clear improvements in performance post-privatization. The tiger can change its stripes; however, the government …
Persistent link: https://www.econbiz.de/10012479431
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Do Public Firms Respond to Industry Opportunities More Than Private Firms? The Impact of Initial Firm Quality
Maksimovic, Vojislav - 2019
We track firms at birth and compare the growth pattern of IPO firms and their birth-matched counterparts. Firms that are larger at birth with faster initial growth are more likely to attain a larger size later in life and go public. Firms in the top percentile of predicted propensity to go...
Persistent link: https://www.econbiz.de/10012479586
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Profiting from Government Stakes in a Command Economy : Evidence from Chinese Asset Sales
Calomiris, Charles - 2008
contrast to the "privatization premium" found in earlier work, we find a negative effect of government ownership on returns at … positive effects on profits of political ties through government ownership outweigh the potential efficiency costs of … that personal ties can substitute for the benefits of government ownership. The "privatization discount" is higher for …
Persistent link: https://www.econbiz.de/10012464873
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Grasp the Large, Let Go of the Small : The Transformation of the State Sector in China
Hsieh, Chang-Tai - 2015
Starting in the late 1990s, China undertook a dramatic transformation of the large number of firms under state control. Small state-owned firms were privatized or closed. Large state-owned firms were corporatized and merged into large industrial groups under the control of the Chinese state. The...
Persistent link: https://www.econbiz.de/10012457662
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Intellectual Property Rights Protection, Ownership, and Innovation : Evidence from China
Fang, Lily - 2016
Using a difference-in-difference approach, we study how intellectual property right (IPR) protection affects innovation in China in the years around the privatizations of state-owned enterprises (SOEs). Innovation increases after SOE privatizations, and this increase is larger in cities with...
Persistent link: https://www.econbiz.de/10012455995
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Governance, regulation, and privatization in the Asia-Pacific Region : [NBER-East Asia Seminar on Economics, volume 12 ; papers presented at the NBER's East Asia Seminar on Economi...
Itō, Takatoshi (contributor); Krueger, Anne O. (contributor) - 2004
Persistent link: https://www.econbiz.de/10001791048
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Market Provision of Public Goods : The Case of Broadcasting
Anderson, Simon P. - 2000
This paper studies the market provision of a specific type of public good: radio and television broadcasts. Its main focus is to explore the ability of the market to provide broadcasting efficiently in a world in which broadcasters earn revenues by selling time to advertisers and advertisements...
Persistent link: https://www.econbiz.de/10012471263
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Does Social Security Privatization Produce Efficiency Gains?
Nishiyama, Shinichi - 2005
, privatization reduces efficiency by about $5,600 per future household despite improved labor supply incentives … at restoring risk sharing, thereby allowing partial privatization to produce efficiency gains of $2,700 per future … face uninsurable risks. We simulate a stylized 50-percent privatization using an overlapping-generations model where …
Persistent link: https://www.econbiz.de/10012467055