Journal of Law, Economics, and Organization, April 1998. <p> We study China's township-village enterprises (TVEs) from an organizational perspective with a focus on governance. Unlike most previous studies, we interpret the firm boundaries of TVEs at the community level rather than the enterprise...</p>

Forthcoming, Quarterly Journal of Economics, May 1998 <p> We develop a theory of the ownership of firms in an environment without secure property rights against state encroachment. "Private ownership" leads to excessive revenue hiding and "state ownership" (i.e., national government ownership)...</p>