We study the impact of state-owned enterprises (SOEs) on the quality of entrepreneurship in China. Using long series of … SOE jobs, leading them to select into the SOE sector in the pre SOE reform era. When the SOE sector was downsized, some …

capture, and then protect, these rents leads to the creation of new distortions, even as the reform process tries to move … forward. In this paper I illustrate this idea with a study of the People's Republic of China. Under the plan, prices were … governments throughout the economy sought to capture these rents by developing high margin industries. Continued reform, and …

The majority of state-owned enterprises (SOEs) in China were privatized through ownership reforms over the last two … decades. Using a comprehensive dataset of all medium and large enterprises in China between 1998 and 2013, we show that … there are clear improvements in performance post-privatization. The tiger can change its stripes; however, the government …

This paper studies the urban land market in China in 2003--2007. In China, all urban land is owned by the state …

We document the market response to an unexpected announcement of proposed sales of government-owned shares in China. In … 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 …

and widely taking place in China, it is much less known whether and to what extent privatization has improved resource …While it is by now well known that the privatization of township- and village-run enterprises (TVREs) has been rapidly … allocation and productivity. As a first step toward the fuller understanding of the effect of privatization, this study …

Starting in the late 1990s, China undertook a dramatic transformation of the large number of firms under state control …