China's success in attracting foreign direct investment has been cast in doubt as mainly a transfer of capital, not knowhow, because its financial system is incapable of allocating domestic savings and hard-earned foreign reserves to domestic enterprises. To shed light on this debate, we examine...

Using a comprehensive panel data set of China’s state-owned enterprises, we investigate the impacts of privatization, of different time sequences and extent of non-state ownership, on social welfare and firm performance. Attention has been focused on the sources of gain in firm performance and...

Bai, Chong-En, Lu, Jiangyong, and Tao, Zhigang--How does privatization work in China? Using a comprehensive panel data set of China's state-owned enterprises, we investigate the impacts of privatization on social welfare and firm performance indicators. The privatization of China's state-owned...

Poor protection of private property has limited the access to bank loans by private enterprises in developing and transition economies. Under those circumstances, private entrepreneurs have resorted to various ways of enhancing the "de facto" protection of private property. Using a dataset of...

Although China's state-owned enterprises have beenproven inefficient, China has been slow to move its state-owned ventures towardprivatization.Considering this slow process, this research examines howstate-owned enterprises are impacted during the organizational changesassociated with...