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perspective of investment-cash flow sensitivity, and the effects of privatization reform on muffling the institutionally …
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This Article provides an early assessment of the impact on corporate governance of the most recent wave of SOE reform announced by the CCP in 2013, officially known as the mixed-ownership reform (MOR). It offers a comprehensive and detailed account of the background, policy and regulatory...
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probability of privatization. The effects were more pronounced among SOEs under higher threats of privatization (e.g., firms with … side of privatization reforms in mitigating credit misallocation, and enlightens policy makers to practical resolutions to …
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