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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

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

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

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 … that personal ties can substitute for the benefits of government ownership. The "privatization discount" is higher for … relatively high welfare payments to employees, which presumably would fall with privatization, benefit disproportionately from …

Persistent link: https://www.econbiz.de/10012464873

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

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

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

Macroeconomic Aspects of German Unification

Sinn, Hans-Werner - 1991

insufficient claims on state owned enterprises. The centralized privatization of state owned enterprises, which bypasses the East … German population, is seen as a major obstacle to quick recovery, and an alternative privatization procedure is discussed …

Persistent link: https://www.econbiz.de/10012475424

The Private and External Costs of Germany's Nuclear Phase-Out

Jarvis, Stephen - 2019

in Germany after the Fukushima accident in 2011. We use hourly data on power plant operations and a novel machine …

Persistent link: https://www.econbiz.de/10012480542

Federal Lands, Opportunity Costs, and Bureaucratic Management

Libecap, Gary D. - 2018

The federal government owns and administers 472, 892,659 acres or 21% of the land area of the lower US, making it both the country's largest land owner and among the largest by a central government among western democracies. This condition is surprising, given that the US generally is viewed as...

Persistent link: https://www.econbiz.de/10012453015

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