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privatization literature, we argue that the transformed COEs in the ongoing organizational transformation process may achieve better …
Persistent link: https://www.econbiz.de/10013070784
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 on Fortune Global 500 rankings), and...
Persistent link: https://www.econbiz.de/10013184745
process. Particularly, it analyzes the symbiotic link between share issue privatization (SIP), i.e. privatization in public …
Persistent link: https://www.econbiz.de/10014061636
management is transferred from bureaucrats to capitalists, which implies privatization of the state enterprises. China is already …
Persistent link: https://www.econbiz.de/10014107344
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
We document that publicly listed Chinese state-owned enterprises (SOEs) are less productive and profitable than publicly listed firms in which the state has no ownership stake. In particular, Chinese listed SOEs are more capital intensive and have a lower average product of capital than...
Persistent link: https://www.econbiz.de/10013226435
Network embeddedness is an essential determinant of enterprise innovation, but the mechanism of its impact on innovation performance remains unclear. Based on resource dependence theory, this study analyzes the influence of structural embeddedness and relational embeddedness on innovation...
Persistent link: https://www.econbiz.de/10013449184
The challenge of power sector reform in the Arab Republic of Egypt has long been dominated by extremely high subsidies …, accumulation of arrears from the sector, poorly-maintained physical capital, and cross-subsidies across customer classes. Egypt …. Egypt has been able to achieve universal access with more or less reliable power over the entire period, except when chronic …
Persistent link: https://www.econbiz.de/10012229762
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
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