This paper utilizes a natural experiment to examine the role of the protection of property rights in promoting investment. In order to explore a title-granting scheme in Shenzhen, China, I collect a sample of 83 listed SOE firms, with 32 of them holding about-to-be-entitled lands. Those...

The most notable, or at least the most noted, form of property evolution has been the transfer of exclusive rights from collectives to individuals and vice versa, such as the farm collectivization in Soviet Union and the establishment of the People's Communes in Mao's China and their reversals....

Introduction -- A Study of the System of Capital from the Property Rights System and Its Evolution -- A Comparative Study of Marxist TPR and Modern TPR -- Institution, Institutional Change, and Economic Growth -- Property Rights Structure, Corporate Governance Structure and Its Issues in China...