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Retained State Shareholding in Chinese PLCs: Does Government Ownership Reduce Corporate Value?
Tian, Lihui; Estrin, Saul - Institute for the Study of Labor (IZA) - 2005
The role of government shareholding in corporate performance is central to an understanding of China’s newly privatized large firms. In this paper, we analyze shareholders as agents that can both harm and benefit companies. We examine the ownership structure of 826 listed corporations and find...
Persistent link: https://www.econbiz.de/10005822452
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Retained State Shareholding in Chinese PLCs : Does Government Ownership Reduce Corporate Value?
Tian, Lihui; Estrin, Saul - 2005
The role of government shareholding in corporate performance is central to an understanding of China?s newly privatized large firms. In this paper, we analyze shareholders as agents that can both harm and benefit companies. We examine the ownership structure of 826 listed corporations and find...
Persistent link: https://www.econbiz.de/10010262209
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Retained State Shareholding in Chinese PLCs: Does Government Ownership Reduce Corporate Value?
Tian, Lihui; Estrin, Saul - William Davidson Institute, University of Michigan - 2005
The role of government shareholding in corporate performance is central to an understanding of China’s newly privatized large firms. In this paper, we analyze shareholders as agents that can both harm and benefit companies. We examine the ownership structure of 826 listed corporations and find...
Persistent link: https://www.econbiz.de/10005784638
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Retained State Shareholding in Chinese PLCs: Does Government Ownership Reduce Corporate Value?
Estrin, Saul; Tian, Lihui - C.E.P.R. Discussion Papers - 2005
The role of government shareholding in corporate performance is central to an understanding of China’s newly privatized large firms and the stock market. In this paper, we analyse shareholders as agents that can both harm and benefit companies. We examine the ownership structure of 826 listed...
Persistent link: https://www.econbiz.de/10005656424
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Retained State Shareholding in Chinese Plcs : Does Government Ownership Reduce Corporate Value?
Tian, Lihui - 2005
The role of government shareholding in corporate performance is central to an understanding of China's newly privatized large firms. In this paper, we analyze shareholders as agents that can both harm and benefit companies. We examine the ownership structure of 826 listed corporations and find...
Persistent link: https://www.econbiz.de/10012736716
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Retained State Shareholding in Chinese Plcs : Does Government Ownership Reduce Corporate Value?
Tian, Lihui - 2005
The role of government shareholding in corporate performance is central to an understanding of China's newly privatized large firms. In this paper, we analyze shareholders as agents that can both harm and benefit companies. We examine the ownership structure of 826 listed corporations and find...
Persistent link: https://www.econbiz.de/10012784909
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Privatization, Competition, and Budget Constraints: Disciplining Enterprises in Russia
Earle, John S.; Estrin, Saul - W.E. Upjohn Institute for Employment Research
Persistent link: https://www.econbiz.de/10010849999
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Privatization and the Structure of Enterprise Ownership
Earle, John S.; Estrin, Saul - W.E. Upjohn Institute for Employment Research
Persistent link: https://www.econbiz.de/10010850058
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Institutions, networks and entrepreneurship development in Russia: an exploration
Aidis, Ruta; Estrin, Saul - 2006
In this paper we explore the ways in which institutions and networks influence entrepreneurial development in Russia … institutional environment in Russia in terms of three dimensions: on the rate of productive entrepreneurial activity measured in … addition, the analysis explores the effectiveness of Russia's informal networks for circumventing the weak institutional …
Persistent link: https://www.econbiz.de/10010267935
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Institutions, Networks and Entrepreneurship Development in Russia: An Exploration
Aidis, Ruta; Estrin, Saul - 2006
In this paper we explore the ways in which institutions and networks influence entrepreneurial development in Russia … institutional environment in Russia in terms of three dimensions: on the rate of productive entrepreneurial activity measured in … addition, the analysis explores the effectiveness of Russia’s informal networks for circumventing the weak institutional …
Persistent link: https://www.econbiz.de/10009476879