Using a sample of privately owned listed firms in China, we document that firms' political connections have a positive …

This paper documents recent structural changes in China's corporate landscape, based on company level data, providing a … complementary perspective to that of official Chinese statistics. We classify China's largest companies by revenue since 2004 (based …

This paper documents recent structural changes in China’s corporate landscape, based on company-level data, providing a … complementary perspective to that of official Chinese statistics. We classify China’s largest companies by revenue since 2004 (based …

This paper investigates how politicians' patronage connections affect privatizations in China. The connections to top … political leaders (i.e., Central Committee of the Communist Party of China) make local politicians engage more in rent … efficiency and performance. To identify the role of patronage connection in privatization, we use the mandatory retirement age …