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The unfinished business of state-owned enterprise reform in the People's Republic of China
Holz, Carsten A. - 2019
This paper examines the progress of state-owned enterprise (SOE) reform in the People's Republic of China. After defining SOEs and considering their scope of operation within the PRC economy, the focus of the paper is on the major reform waves that followed the deterioration of SOE profitability...
Persistent link: https://www.econbiz.de/10012026451
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Executive compensation, firm performance, and corporate governance in China : evidence from firms listed in the Shanghai and Shenzhen stock exchanges
Kato, Takao (contributor); Long, Cheryl (contributor) - 2005
This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data on executive compensation and ownership structure, we find for...
Persistent link: https://www.econbiz.de/10003225948
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The Unfinished Business of State-Owned Enterprise Reform in the People's Republic of China
Holz, Carsten A. - 2019
This paper examines the progress of state-owned enterprise (SOE) reform in the People’s Republic of China. After defining SOEs and considering their scope of operation within the PRC economy, the focus of the paper is on the major reform waves that followed the deterioration of SOE...
Persistent link: https://www.econbiz.de/10012867873
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Market Solutions to the Information Challenge of China's Legal System : Overseas Listings of State-Owned Enterprises
Chen, Ruoying - 2016
China could not have achieved its economic growth in a vacuum of legal development. But its legal system is facing unprecedented challenges brought about by vast social changes and the country's increasingly deep integration with the rest of the world. One such challenge is the sudden...
Persistent link: https://www.econbiz.de/10012977333
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Restructuring of the SOE Sector in Vietnam : Where Do We Stand and What are the Challenges Ahead?
Wacker, Konstantin M. - 2016
This paper reviews Vietnam’s recent experience with reforming the state-owned enterprise (SOE) sector. It therefore sets the stage by overviewing key developments since Đổi Mới and highlighting some stylized facts about the SOE sector before quantitatively assessing the legal and...
Persistent link: https://www.econbiz.de/10014125708
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Productive Versus Innovative Inefficiency in China's State Enterprises
Wu, Yanbing - 2015
This paper proposes the new hypothesis that the loss of innovative efficiency is greater than the loss of productive efficiency in Chinese state-owned enterprises (SOEs). SOE reform in China has been able to achieve substantial improvements in SOE productive efficiency by using supervision and...
Persistent link: https://www.econbiz.de/10013011452
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The determinants of asset stripping : theory and evidence from the transition economies
Campos, Nauro (contributor);  … - 2005
During the transition from plan to market, managers and politicians succeeded in maintaining control of large parts of the stock of socialist physical capital. Despite the obvious importance of this phenomenon, there have been no efforts to model, measure and investigate this process...
Persistent link: https://www.econbiz.de/10003299971
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Asset stripping, rule of law and firm survival : the Hoff-Stiglitz model and mass privatization in Montenegro
Koman, Matjaž; Lakičević, Milan; Prašnikar, Janez; … - 2013
-oriented issue of why a large number of efficient firms disappeared during mass privatization in a booming economy of Montenegro …. Econometrically, we present the first study to look at firms that disappeared during a mass privatization transition, improving upon … remaining in samples when estimating the effects of privatization or other ownership changes. We also show that one needs to …
Persistent link: https://www.econbiz.de/10010226663
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Investment efficiency, state-owned enterprises and privatisation : evidence from Vietnam in transition
O'Toole, Conor M.; Morgenroth, Edgar L. W.; Ha Thi Thu Thuy - 2015
Our research tests the difference in investment efficiency between state-owned enterprises (SOEs) and private firms and then evaluates the effect of privatisation and equitisation policies on the investment efficiency of former state owned enterprises (SOEs). We use a novel dataset from Viet Nam...
Persistent link: https://www.econbiz.de/10010499591
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The Transformation of Collectively Owned Enterprises and its Outcomes in China, 2001-2005
Jun, Xia - 2014
privatization literature, we argue that the transformed COEs in the ongoing organizational transformation process may achieve better …
Persistent link: https://www.econbiz.de/10013070784