decisions highly contingent on firm characteristics and past performance, complicating the identification of the privatization … requirements in China. This paper finds that Chinese cities whose top officials were older than age 58 were 20 percent less likely … specification (including its random-growth variant). The paper further finds that the privatization effects are significantly larger …

"The paper evaluates the effects of privatization in the post-communist economies and China. In post … institutional development. In China relatively more estimates suggest that privatization to domestic owners improves the level of …-communist economies privatization to foreign owners results in a rapid improvement in performance of firms, while performance effects of …

A void in the literature on the business environment is how it evolves over time. Focusing on China during its crucial … better educated, with more diverse sectoral experience. Market competition increased over time, especially after China …

independent regulation, partial privatization of the generation company (KenGen), and establishment of complementary entities …