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We review previous literature on productivity spillovers of foreign direct investment (FDI) in China and conduct our own analysis using a crosssection of firm data. We find that the evidence of FDI spillovers on the productivity of Chinese domestic firms is mixed, with many positive results...
Persistent link: https://www.econbiz.de/10010264864
. -- FDI spillovers ; institutions ; SOE ; privatization ; China …
Persistent link: https://www.econbiz.de/10003809743
It is generally agreed that privatization of state-owned enterprises (SOEs) improves economic efficiency, but it is … a theoretical model of the macroeconomic relationships between privatization, efficiency, output, and employment. The … model explains how privatization affects employment in transition and developing economies through different, and often …
Persistent link: https://www.econbiz.de/10013066765
privatization literature, we argue that the transformed COEs in the ongoing organizational transformation process may achieve better …
Persistent link: https://www.econbiz.de/10013070784
methods taken to restructure the ownership of state firms, such as full versus partial privatization. For China, a state …-capitalist nation and the world's largest state sector under transition, the mix of state and private ownership -- partial privatization …
Persistent link: https://www.econbiz.de/10013074635
Exploiting the large exogenous variation in privatisation around China's 2005 Non-tradeable Share (NTS) reform, we assess its impact on private benefits of control and performance. While the reform required all listed firms to convert its NTS into tradeable ones, the process was partial and...
Persistent link: https://www.econbiz.de/10012839251
-owned enterprises (SOEs), opening up the gate to China's secondary privatization. The expectation of privatization quickly boosted SOE … SOE performance are positively correlated to government agents' privatization-led incentive of increasing state …-owned share value. In terms of privatization methodology, the reform adopted a market mechanism that played an effective …
Persistent link: https://www.econbiz.de/10013008165
efficiency and performance. To identify the role of patronage connection in privatization, we use the mandatory retirement age … privatization deals and jumps in efficiency for privatized SOEs when local politicians lose connections to Central Committee members …
Persistent link: https://www.econbiz.de/10012851337
Using a sample of privately owned listed firms in China, we document that firms' political connections have a positive effect on their likelihood of becoming insolvent and inefficient (which we call zombies or zombie firms). The results are more pronounced for firms that are located in regions...
Persistent link: https://www.econbiz.de/10012853182
Using China's Non-tradeable Share (NTS) reform as a natural experiment and exploiting its staggered adoption, we assess the impact of share privatisation on corporate performance and earnings management. 2005 NTS reform required all listed firms with NTS to adopt it by 2006 though the process of...
Persistent link: https://www.econbiz.de/10012854888