Through the lens of the theory of the firm, I examine how a series of reforms affected the performance of Chinese state-owned enterprises with a panel dataset of more than 500 firms. The study finds that performance improved with various reforms such as increasing competition, appointing new...

Using multiple sources of national- and firm-level data around the world, this paper investigates how the effects of the business environment depend on whether themeasure is de jure or de facto, and how business environment effects differ by ownership and size. The paper compares estimates of...