This paper studies insider privatization in rural China and provides an explanation of why some firms have performed … well after privatization but others have not. We show theoretically that the underperformance of insider-privatized firms … could be due to the manager-cum-owner's lack of incentives after privatization. A screening theory predicts that the buyout …

We study the reform of China’s state-owned enterprises (SOE) with a focus on the corporatization of SOEs. We first … have a higher borrowing capacity than they would under privatization …

1995. We focus on the two primary types of ownership change in Russia: the privatization of existing state …

We construct and analyze a unique database with 1992-99 information on privatization transactions and labor … describe the post-privatization ownership structure and to test the effect of alternative privatization policies on firm … and domestic blockholders, but insider and mass privatization are also estimated to have positive, although smaller …

We construct and analyze a unique database with 1992-99 information on privatization transactions and labor … describe the post-privatization ownership structure and to test the effect of alternative privatization policies on firm … and domestic blockholders, but insider and mass privatization are also estimated to have positive, although smaller …

This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using … comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data on executive … cash compensation (salary and bonus) for top executives with respect to shareholder value in China. In addition, sales …

This is an empirical study that examines the underpricing and aftermarket long-term performance of IPOs in China and … China. The findings demonstrate that initial IPO returns influence the market value long-term and that the ownership …

particular, on the strategies and practises followed by Italian companies to manage human resources in China, by estimating the … determinants that lead Italian companies to a better human resource management and performance in China …

Previous studies have primarily focused on the relative success of collectively owned enterprises (COEs) in China … privatization literature, we argue that the transformed COEs in the ongoing organizational transformation process may achieve better …