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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/10012890903

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

Behavioral Economics Perspectives on Public Sector Pension Plans

Beshears, John - 2011

We describe the pension plan features of the states and the largest cities and counties in the U.S. Unlike in the private sector, defined benefit (DB) pensions are still the norm in the public sector. However, a few jurisdictions have shifted towards defined contribution (DC) plans as their...

Persistent link: https://www.econbiz.de/10013130979

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

Public Procurement and the Private Supply of Green Buildings

Simcoe, Timothy - 2014

We measure the impact of municipal policies requiring governments to construct green buildings on private-sector adoption of the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) standard. Using matching methods, panel data, and instrumental variables, we find...

Persistent link: https://www.econbiz.de/10013065448

Comparing the Investment Behavior of Public and Private Firms

Asker, John - 2014

We evaluate differences in investment behavior between stock market listed and privately held firms in the U.S. using a rich new data source on private firms. Listed firms invest less and are less responsive to changes in investment opportunities compared to observably similar, matched private...

Persistent link: https://www.econbiz.de/10013067390

Wages, Pensions, and Public-Private Sector Compensation Differentials for Older Workers

Bewerunge, Philipp - 2013

We use a sample of full-time workers over 50 years of age from the 2004 and 2006 waves of the Health and Retirement Study to investigate whether workers in federal, state, and local government receive more generous wage and pension compensation than private sector workers, ceteris paribus. With...

Persistent link: https://www.econbiz.de/10013075859

Private Deception and the Rise of Public Employment Offices in the United States, 1890 - 1930

Lee, Woong - 2008

At the turn of the 20th century, state and local governments in the United States began to establish public employment offices. These non-profit governmental organizations match job seekers and businesses, one of their main objectives being to protect job seekers from fraudulent activities by...

Persistent link: https://www.econbiz.de/10012773150