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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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Corporate Governance of Chinese Privatized Firms : Evidence from a Survey of Non-Listed Enterprises
Zhong, Ninghua - 2016
have set up stronger governance than domestic private firms that have not experienced privatization. I propose seven … governments' fiscal conditions in the privatization year and privatized firms' governance, which suggests a significant role … played by local governments in shaping corporate governance during the privatization process …
Persistent link: https://www.econbiz.de/10013004652
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State ownership and firm performance : empirical evidence from Chinese listed companies
Yu, Mei - In: China journal of accounting research : CJAR 6 (2013) 2, pp. 75-87
While the relationship between state ownership and firm performance has been widely researched, the empirical evidence has provided mixed results. This study applies panel data regression techniques to 10,639 firm-year observations of non-financial Chinese listed firms during 2003–2010 to...
Persistent link: https://www.econbiz.de/10011825783
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Imprinting and peer effects in acquiring state ownership : evidence from private firms in China
Li, Bin; Pan, Ailing; Xu, Lei; Liu, Xin; Qin, Shuqian - In: Pacific-Basin finance journal 61 (2020), pp. 1-15
Persistent link: https://www.econbiz.de/10012494476
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The effects of bank privatization on performance and prudential behavior in China : does state ownership matter?
Cheng, Maoyong; Zhao, Hong; Lin, Jerry W. - In: Asia-Pacific journal of accounting & economics : APJAE 24 (2017) 3/4, pp. 387-406
Persistent link: https://www.econbiz.de/10011741117
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State ownership and market liberalization : evidence from China's domestic M&A market
Ma, Ming; Sun, Xian; Waisman, Maya; Zhu, Yun - In: Journal of international money and finance 69 (2016), pp. 205-223
Persistent link: https://www.econbiz.de/10011711911
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Chinese privatization : causes and outcomes
Yao, Yang - In: China & world economy 13 (2005) 1, pp. 66-80
Persistent link: https://www.econbiz.de/10002994196
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State ownership and political connections
Tihanyi, László; Aguilera, Ruth V.; Heugens, Pursey; … - In: Journal of management 45 (2019) 6, pp. 2293-2321
Persistent link: https://www.econbiz.de/10012064101
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Insider Privatization with a Tail : The Buyout Price and Performance of Privatized Firms in Rural China
Li, Hongbin; Rozelle, Scott - 2003
This paper studies insider privatization in transition economies. We show theoretically that the underperformance of … insider-privatized firms could be due to the manager-cum-owner's lack of incentives after privatization. A screening theory … privatization; in contrast, heavily discounted firms perform indistinguishably from government-owned firms …
Persistent link: https://www.econbiz.de/10014107516
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Financial Constraints of Private Firms and Bank Lending Behavior
Behr, Patrick - 2015
We investigate whether and how financial constraints of private firms depend on bank lending behavior. Bank lending behavior, especially its scale, scope and timing, is largely driven by bank business models which differ between privately owned and state-owned banks. Using a unique dataset on...
Persistent link: https://www.econbiz.de/10013038432