Showing 1 - 10 of 869
Starting in the late 1990s, China undertook a dramatic transformation of the large number of firms under state control …
Persistent link: https://www.econbiz.de/10012457662
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 …
Persistent link: https://www.econbiz.de/10012469077
We study the impact of state-owned enterprises (SOEs) on the quality of entrepreneurship in China. Using long series of …
Persistent link: https://www.econbiz.de/10014372457
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 …
Persistent link: https://www.econbiz.de/10012479431
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 …
Persistent link: https://www.econbiz.de/10012464873
in China in the years around the privatizations of state-owned enterprises (SOEs). Innovation increases after SOE …
Persistent link: https://www.econbiz.de/10012455995
We note the absence of prior literature on analytical structures to be used for China and other economies with …
Persistent link: https://www.econbiz.de/10012465882
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
Persistent link: https://www.econbiz.de/10001791048
Persistent link: https://www.econbiz.de/10000112367