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Productivity Effects of Tve Privatization : The Case Study of Garment and Metal Casting Enterprises in the Greater Yangtze River Region

Sonobe, Tetsushi; Otsuka, Keijiro - 2021

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

Persistent link: https://www.econbiz.de/10013233007

The Rise of State-Connected Private Owners in China

Bai, Chong-En; Hsieh, Chang-Tai; Song, Zheng (Michael); … - 2021

We use administrative registration records with information on the owners of all Chinese firms to document their connections through equity investments. We show that the largest private owners have direct equity ties with state owners, the next largest private owners have equity ties with...

Persistent link: https://www.econbiz.de/10014090294

Intellectual Property Rights Protection, Ownership, and Innovation : Evidence from China

Fang, Lily H. - 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 …

Persistent link: https://www.econbiz.de/10012982038

Dynamic Labor Demand in China : Public and Private Objectives

Cooper, Russell - 2010

This paper studies dynamic labor demand by private and public manufacturing plants in China. It contributes along two dimensions. First, it uncovers the objectives of public enterprises and compares them to private enterprises. Second, it estimates adjustment costs of these plants and thus their...

Persistent link: https://www.econbiz.de/10013136558

The Chinese Corporate Savings Puzzle : a Firm-Level Cross-Country Perspective

Bayoumi, Tamim - 2010

China's high corporate savings rate is commonly claimed to be a key driver for the country's large current account surplus. The mainstream explanation for high corporate savings is a combination of windfall profits in state-owned firms, especially in resource sectors, and mis-governance of...

Persistent link: https://www.econbiz.de/10013137314

Do Financial Frictions Explain Chinese Firms’ Saving and Misallocation?

Bai, Yan - 2018

We use firm-level data to identify financial frictions in China and explore the extent to which they can explain firms' saving and capital misallocation. We first document the features of the data in terms of firm dynamics and debt financing. State-owned firms have higher leverage and pay much...

Persistent link: https://www.econbiz.de/10012923717

Monetary Stimulus Amidst the Infrastructure Investment Spree : Evidence from China's Loan-Level Data

Chen, Kaiji; Gao, Haoyu; Higgins, Patrick C.; Waggoner, … - 2022

We study the impacts of the 2009 monetary stimulus and its interaction with infrastructure spending on credit allocation. We develop a two-stage estimation approach and apply it to China's loan-level data that covers all sectors in the economy. We find that except for the manufacturing sector,...

Persistent link: https://www.econbiz.de/10013289458

Economic Transition and Private-Sector Labor Demand : Evidence from Urban China

Iyer, Lakshmi - 2014

This paper studies the policy determinants of economic transition and estimates the demand for labor in the infant private sector in urban China. We show that a reform that untied access to housing in urban areas from working for the state sector accounts for more than a quarter of the overall...

Persistent link: https://www.econbiz.de/10013061768

Rise of Bank Competition : Evidence from Banking Deregulation in China

Gao, Haoyu; Ru, Hong; Townsend, Robert M.; Yang, Xiaoguang - 2023

Using comprehensive loan-level data in China, we investigate how the deregulation on bank entry barriers alters local banking industrial organisation and its economic consequences. We document a novel trade-off: the potential benefits of deregulation are adversely mitigated by entrant banks’...

Persistent link: https://www.econbiz.de/10014256421

State Capitalism vs. Private Enterprise

Chen, Donghua - 2015

We study the efficiency of capital allocations at state-controlled and privately owned business groups in China. Using highly granular data on within-group capital transfers, we document stark differences: while private groups allocate more capital to units with better investment opportunities,...

Persistent link: https://www.econbiz.de/10013028547