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This paper studies insider privatization in rural China and provides an explanation of why some firms have performed … the buyout price and postprivatization incentives. Drawing on data we collected in China, we find evidence supporting the …
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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 predicts that a firm's postprivatization incentives...
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students in China. We surveyed three counties in Shaanxi Province and exploit the fact that, while the counties are adjacent to …
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Nearly a quarter of all children under the age of two in China are left behind in the countryside as parents migrate to … of labor from rural to urban areas has been a key driver of China's prosperity in recent decades, it may entail a …
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This paper describes the process of privatization of China's Township Enterprises. Findings from a recent field survey … analysis, however, finds a positive impact of privatization on technical efficiency. Efficiency of China's rural industries … to China's business environment that the gains could rise further. However, we cannot say if the gain in efficiency is …
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