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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...
Persistent link: https://www.econbiz.de/10014107516
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 …
Persistent link: https://www.econbiz.de/10014066983
China has experienced during the past 20 years as well as being responsible for some of the remaining barriers, the nation … rural China. Surprisingly, however, even though the potential for gain and for damage is great, almost no literature exists … rest of this paper as follows. In the first section, I will first review China's macro setting and discuss a number of the …
Persistent link: https://www.econbiz.de/10014112434
New research on the political economy of policy-induced distortions to incentives for optimal resource use in agriculture and insights from the study of the dramatic reforms in former state-controlled economy has led to enhanced insights on the role of governance structures on policy making in...
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randomized controlled trial involving 1,418 disadvantaged (economically poor) students in rural China, we find that the promise …
Persistent link: https://www.econbiz.de/10011419214
Using rural household panel data from three Chinese provinces, this paper identifies determinants of long-term poverty and tests the duration dependence on the probability to leave poverty. Special emphasis is given to the selection of the poverty line and inter-regional differences across...
Persistent link: https://www.econbiz.de/10011586956