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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
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Can a Tiger Change its Stripes? Reform of Chinese State-Owned Enterprises in the Penumbra of the State
Harrison, Ann E. - 2019
there are clear improvements in performance post-privatization. The tiger can change its stripes; however, the government …
Persistent link: https://www.econbiz.de/10012894408
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Profiting from Government Stakes in a Command Economy : Evidence from Chinese Asset Sales
Calomiris, Charles W. - 2010
contrast to the quot;privatization premiumquot; found in earlier work, we find a negative effect of government ownership on …, suggesting that personal ties can substitute for the benefits of government ownership. The quot;privatization discountquot; is … with relatively high welfare payments to employees, which presumably would fall with privatization, benefit …
Persistent link: https://www.econbiz.de/10012759554
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Grasp the Large, Let Go of the Small : The Transformation of the State Sector in China
Hsieh, Chang-Tai - 2015
Starting in the late 1990s, China undertook a dramatic transformation of the large number of firms under state control. Small state-owned firms were privatized or closed. Large state-owned firms were corporatized and merged into large industrial groups under the control of the Chinese state. The...
Persistent link: https://www.econbiz.de/10013026794
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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 privatizations, and this increase is larger in cities with...
Persistent link: https://www.econbiz.de/10012982038
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Exporting and Firm Performance : Evidence from a Randomized Trial
Atkin, David - 2014
producers in Egypt. Combined with detailed survey data, we causally identify the impact of exporting on firm performance …
Persistent link: https://www.econbiz.de/10013043622
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Ownership Characteristics, Real Exchange Rate Movements and Labor Market Adjustment in China
Mao, Risheng - 2011
This paper uses a firm level multi-industry data set covering 456 Chinese manufacturing sectors to assess the implications of Renminbi (RMB) real exchange rate appreciation for adjustments in employment and wage rates. We stress differences in both industry and firm characteristics within...
Persistent link: https://www.econbiz.de/10013118843
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Volatility and Dispersion in Business Growth Rates : Publicly Traded Versus Privately Held Firms
Davis, Steven J. - 2014
We study the variability of business growth rates in the U.S. private sector from 1976 onwards. To carry out our study, we exploit the recently developed Longitudinal Business Database (LBD), which contains annual observations on employment and payroll for all U.S. businesses. Our central...
Persistent link: https://www.econbiz.de/10012752211
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The Land that Lean Manufacturing Forgot? Management Practices in Transition Countries
Bloom, Nicholas - 2014
We have conducted the first survey on management practices in transition countries. We found that Central Asian transition countries, such as Uzbekistan and Kazakhstan, have on average very poor management practices. Their average scores are below emerging countries such as Brazil, China and...
Persistent link: https://www.econbiz.de/10013067648
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Do Students Care About School Quality? Determinants of Dropout Behavior in Developing Countries
Hanushek, Eric A. - 2007
on educational policy in developing countries. Unique panel data on primary school age children in Egypt permit …
Persistent link: https://www.econbiz.de/10012778157