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Can a Tiger Change Its Stripes? Reform of Chinese State-Owned Enterprises in the Penumbra of the State
Harrison, Ann - 2019
there are clear improvements in performance post-privatization. The tiger can change its stripes; however, the government …
Persistent link: https://www.econbiz.de/10012479431
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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/10012479586
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Profiting from Government Stakes in a Command Economy : Evidence from Chinese Asset Sales
Calomiris, Charles - 2008
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 … relatively high welfare payments to employees, which presumably would fall with privatization, benefit disproportionately from …
Persistent link: https://www.econbiz.de/10012464873
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Intellectual Property Rights Protection, Ownership, and Innovation : Evidence from China
Fang, Lily - 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/10012455995
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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/10012457662
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Reluctant Entrepreneurs : Evidence from China's SOE Reform
Fang, Hanming; Li, Ming; Wu, Zenan; Zhang, Yapei - National Bureau of Economic Research - 2023
We study the impact of state-owned enterprises (SOEs) on the quality of entrepreneurship in China. Using long series of firm registration and performance data, we document that the massive SOE downsizing in the late 1990s significantly improved the quality of entrepreneur- ship. Compared with...
Persistent link: https://www.econbiz.de/10014372457
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Privatization's Impacts on State-Owned Enterprises : A Tale of Zombie versus Healthy Firms
Wang, Ruiting; Wang, Xue; Xu, Gang; Zha, Tao - National Bureau of Economic Research - 2024
We estimate the effects of privatization on zombie versus healthy state-owned enterprises (SOEs) in China, extending … privatization of underperforming, zombie-like entities can lead to substantial economic improvements and greater efficiency …
Persistent link: https://www.econbiz.de/10015056119
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Efficient Local Government Service Provision : The Role of Privatization and Public Sector Unions
Jerch, Rhiannon - 2016
among top 20 largest cities by population. We estimate the cost savings from privatization and explore the political economy … of why privatization rates are lower in high cost unionized areas. Our analysis finds that the full privatizaton could …
Persistent link: https://www.econbiz.de/10012456586
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Redistribution Through Public Employment : The Case of Italy
Alesina, Alberto - 1999
This paper examines the regional distribution of public employment in Italy. It documents two sets of facts. This first … the wage bill in the South of Italy can be identified as a subsidy. Both the size of public employment and the level of …
Persistent link: https://www.econbiz.de/10012471398
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Hospital Ownership and Public Medical Spending
Duggan, Mark - 2000
The hospital market is served by firms that are private for-profit, private not-for-profit, and government-owned and operated. I use a plausibly exogenous change in hospital financing that was intended to improve medical care for the poor to test three theories of organizational behavior. My...
Persistent link: https://www.econbiz.de/10012470961