Showing 1 - 10 of 4,384
We estimate the effects of privatization on zombie versus healthy state-owned enterprises (SOEs) in China, extending … privatization of underperforming, zombie-like entities can lead to substantial economic improvements and greater efficiency …
Persistent link: https://www.econbiz.de/10015056119
privatization literature, we argue that the transformed COEs in the ongoing organizational transformation process may achieve better …
Persistent link: https://www.econbiz.de/10013070784
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
We study how ownership affects productivity. Privatization of state-owned enterprises (SOEs) was a major economic … exploit a lag structure in the timing of ownership changes (i.e., privatization/liquidation takes time to implement). Results … suggest private firms are 53% more productive than SOEs on average, but the benefits of privatization take several years to …
Persistent link: https://www.econbiz.de/10013234474
Twenty years of debate regarding the restructuring of the Chinese freight railway have failed to yield a consensus. Early policy statements favoring the creation of above-the-rail competition over a monopoly infrastructure – the “European” model of rail restructuring – have broadened...
Persistent link: https://www.econbiz.de/10012913165
This paper examines the determinants of privatization in Chinese rural industry by using data that we collected from …
Persistent link: https://www.econbiz.de/10014072379
purchase shares of SOEs, so it can be regarded as a privatization plan for SOEs. Using the Difference-in-Differences (DiD … suggests that privatization enhances SOE profitability by reducing redundant workers, administrative fees, and related … privatization can enhance firm performance under China's ongoing mixed-ownership reform …
Persistent link: https://www.econbiz.de/10014353509
This is an empirical study that examines the underpricing and aftermarket long-term performance of IPOs in China and IPO underpricing. Corporate governance aspects that may play a role in IPOs, such as ownership structure and external directors, are studied.The study show that firms with higher...
Persistent link: https://www.econbiz.de/10013156611
This paper evaluates the impact of privatization on firm employment using a panel dataset of 386 firms in China in the … the dynamic impact of privatization on employment growth and find that the performance of privatized firms improves over … time. These findings are robust even after we control other performance and financial variables as well as the pre-privatization …
Persistent link: https://www.econbiz.de/10009365342
During the 1990s, ownership of China's listed firms remained stable: state entities remained in control of restructured state-owned enterprises since only a minority of shares were allowed to trade publicly and to be owned privately. However, since 1999, the ownership of China's listed firms has...
Persistent link: https://www.econbiz.de/10005438454