Showing 1 - 10 of 466
This paper examines the progress of state-owned enterprise (SOE) reform in the People's Republic of China. After …
Persistent link: https://www.econbiz.de/10012026451
We analyze the extent of the integrated control of the state over privatized firms during the post-privatization decade (1995-2005) in the Czech Republic. During this period the integrated control potential of the state resembled a corporate pyramid. While pyramidal control was not fully...
Persistent link: https://www.econbiz.de/10003887481
We construct a novel data set to show that, between 2003-2020, up to one-fifth of America's largest firms had a non-financial blockholder or insider as their largest shareholder. Blockholders and insiders tend to be less diversified than institutional investors. Measures of "universal" and...
Persistent link: https://www.econbiz.de/10013365123
We reveal motivations of Chinese firms for issuing Seasoned Equity Offerings (SEO) by examining why firms change the use of SEO proceeds and how they use unspecified SEO proceeds. Using 533 SEOs issued by Chinese firms during 1999 - 2006, we find that firms do not use unspecified SEO proceeds on...
Persistent link: https://www.econbiz.de/10010477889
industrial firms in China, we show that firms in locations historically affected by the CMC rules exhibit higher innovation … reduce local corruption and stimulate firms' investment in R&D and training to this day. We identify a causal effect by …
Persistent link: https://www.econbiz.de/10014478735
tax reforms in China to shed light on the differential impact of taxation on firms under different ownership regimes …
Persistent link: https://www.econbiz.de/10010509590
potential concerns on China's state-backed OFDI and its implication on long-term sustainability. -- outward foreign direct …
Persistent link: https://www.econbiz.de/10009377792
Subordination of business to political influence has remains pervasive in China. We construct a Schumpeterian …, and total factor productivity (TFP) using firm-level data for China between 1998 and 2007. We find, consistent with the …
Persistent link: https://www.econbiz.de/10011571621
enforcement and political control are the most important determinants of China's corruption. Additionally, we find that corruption …This paper uses a multiple indicators and multiple causes (MIMIC) model and estimates the extent of corruption in 30 … Chinese provinces from 1995 to 2015. Treating corruption as an unobserved latent variable, the MIMIC results show that both …
Persistent link: https://www.econbiz.de/10011884334
China. We demonstrate that drug advertising inspections are used by provincial governments to discriminate against firms …
Persistent link: https://www.econbiz.de/10010252132