Showing 1 - 10 of 8,155
Persistent link: https://www.econbiz.de/10012650066
We investigate empirically the relationship between ownership identity and the performance of firms in terms of … profitability and solvency. Using cross-sectional data covering over 25,000 firms worldwide and by employing various empirical … methods, we find robust support for the inferior performance of government enterprises over privately owned firms …
Persistent link: https://www.econbiz.de/10012861129
We track firms at birth and compare the growth pattern of IPO firms and their birth-matched counterparts. Firms that are larger at birth with faster initial growth are more likely to attain a larger size later in life and go public. Firms in the top percentile of predicted propensity to go...
Persistent link: https://www.econbiz.de/10011847755
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
Persistent link: https://www.econbiz.de/10012301690
The purpose of this study is to examine the impact of ownership concentration on the performance of Indian commercial … study to examine the relationship between ownership concentration and bank performance during 2009-2010 to 2018-2019. The … various proxies of bank performance, and sub-samples based on ownership and size of the bank. The present study may be useful …
Persistent link: https://www.econbiz.de/10013373173
We study the relation between state ownership and cash holdings in China's share-issue privatized firms from 1993 to … 2007. We find that the level of cash holdings declines as state ownership increases. This negative relation is attributable … to the soft-budget constraint (SBC) inherent in state ownership. The Chinese financial system is dominated by the state …
Persistent link: https://www.econbiz.de/10013115833
. Specifically, we examine the determinants of residual state ownership after privatization over a window of up to six years after … divestiture. We find that the residual state ownership is largely influenced by the size of the firm, the level of investor … also important determinants of the residual state ownership in newly privatized firms. This result confirms that …
Persistent link: https://www.econbiz.de/10013155841
ownership after privatization over a window of up to six years after divestiture. We find that the residual state ownership is … cohesion are important determinants of the residual state ownership in newly privatized firms. This result confirms that … privatization is politically shaped and constrained by a dynamic that will differ between countries …
Persistent link: https://www.econbiz.de/10013155862
We study the relation between state ownership and cash holdings in China's share-issue privatized firms from 2000 to … 2012. We find that the level of cash holdings increases as state ownership declines. For the average firm in our sample, a … 10 percentage-point decline in state ownership leads to an increase of about RMB 55 million in cash holdings. This …
Persistent link: https://www.econbiz.de/10013031410