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It is generally agreed that privatization of state-owned enterprises (SOEs) improves economic efficiency, but it is … a theoretical model of the macroeconomic relationships between privatization, efficiency, output, and employment. The … model explains how privatization affects employment in transition and developing economies through different, and often …
Persistent link: https://www.econbiz.de/10013066765
privatization literature, we argue that the transformed COEs in the ongoing organizational transformation process may achieve better …
Persistent link: https://www.econbiz.de/10013070784
This paper examines the determinants of privatization in Chinese rural industry by using data that we collected from …
Persistent link: https://www.econbiz.de/10014072379
We study how ownership affects productivity. Privatization of state-owned enterprises (SOEs) was a major economic … exploit a lag structure in the timing of ownership changes (i.e., privatization/liquidation takes time to implement). Results … suggest private firms are 53% more productive than SOEs on average, but the benefits of privatization take several years to …
Persistent link: https://www.econbiz.de/10013234474
We estimate the effects of privatization on zombie versus healthy state-owned enterprises (SOEs) in China, extending … productivity and TFP, reduces bank and government subsidies, alleviates leverage and administrative expenses, improves liquidity … privatization of underperforming, zombie-like entities can lead to substantial economic improvements and greater efficiency …
Persistent link: https://www.econbiz.de/10015056119
Twenty years of debate regarding the restructuring of the Chinese freight railway have failed to yield a consensus. Early policy statements favoring the creation of above-the-rail competition over a monopoly infrastructure – the “European” model of rail restructuring – have broadened...
Persistent link: https://www.econbiz.de/10012913165
purchase shares of SOEs, so it can be regarded as a privatization plan for SOEs. Using the Difference-in-Differences (DiD … suggests that privatization enhances SOE profitability by reducing redundant workers, administrative fees, and related … privatization can enhance firm performance under China's ongoing mixed-ownership reform …
Persistent link: https://www.econbiz.de/10014353509
This paper proposes the new hypothesis that the loss of innovative efficiency is greater than the loss of productive efficiency in Chinese state-owned enterprises (SOEs). SOE reform in China has been able to achieve substantial improvements in SOE productive efficiency by using supervision and...
Persistent link: https://www.econbiz.de/10013011452
a matched sample of employees and enterprises, we examine the effects of privatization on wage structures in rural … industry in two provinces of China. We find that privatization was associated with increased wage and earnings inequality. We …
Persistent link: https://www.econbiz.de/10014105100
Starting from the 3rd Plenary Session of the 18th Central Committee of the Communist Party of China, held in November 2013, China initiated another round of state-owned enterprise (SOE) reform. This study examines policy documents, analyzes pilot SOEs, and conducts an empirical study using a...
Persistent link: https://www.econbiz.de/10014350080