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investment. In order to explore a title-granting scheme in Shenzhen, China, I collect a sample of 83 listed SOE firms, with 32 of … stock market price and a long-term 63% extra increase in investment, when compared with non-landholders, despite that there … greater increases in share price and investment. Potentially, solving the hold-up problem of all unentitled land would bring …
Persistent link: https://www.econbiz.de/10012972439
The case of China seems to present a counterexample to the literature on economic institutions as its private enterprises have achieved spectacular growth despite poor protection of private properties and difficulties in accessing external finance. In this study, we address this apparent puzzle...
Persistent link: https://www.econbiz.de/10013155246
investment at the micro level. What is not clear is whether and how property rights protection affects a firm's allocation of … investment across industries for a given size of investment. In this paper, using a survey data set of private enterprises in … several possible channels through which property rights protection may affect the allocation of investment across industries …
Persistent link: https://www.econbiz.de/10014215811
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....
Persistent link: https://www.econbiz.de/10013022725
Introduction : from vice to the virtue of owning private property -- Exit, or evict : re-grounding rights in need -- Bargaining demolition : when needs and desires meet -- Investing citizens : embracing desires and risks -- Affective ownership : situating rights in desires -- The property...
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