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Do Share Issue Privatizations Really Improve Firm Performance in China?
Li, Bo - 2015
companies is not evidence per se that China's SIP program is ineffective or unsuccessful. Instead, the positive privatization … their EBIT/Sales by 3.8%. After adjusting for this negative listing effect, however, we show that China's SIP program yields … -- which have accounted for the bulk of China's listed companies and market capitalization …
Persistent link: https://www.econbiz.de/10013012697
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Executive compensation, firm performance, and corporate governance in China : evidence from firms listed in the Shanghai and Shenzhen stock exchanges
Kato, Takao (contributor); Long, Cheryl (contributor) - 2005
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 …
Persistent link: https://www.econbiz.de/10003225948
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The Impact of Residual Government Ownership in Privatized Firms : New Evidence from China
Liao, Jing - 2011
-privatization performance in China. Using panel data on 514 firms for the period from 1999 to 2004, the similar sample period with previous …
Persistent link: https://www.econbiz.de/10013125138
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Corporate Governance of Chinese Privatized Firms : Evidence from a Survey of Non-Listed Enterprises
Zhong, Ninghua - 2016
By using a dataset containing over 1,200 Chinese non-listed firms, this study examines the corporate governance of privatized firms. Based on the summary statistics for 22 governance structures, I find that privatized domestic private firms have set up stronger governance than domestic private...
Persistent link: https://www.econbiz.de/10013004652
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Relative performance evaluation and executive compensation : evidence from Chinese listed companies
Chen, Donghua; Liang, Shangkun; Zhu, Pin - In: China journal of accounting research : CJAR 5 (2012) 2, pp. 127-144
This paper focuses on the effect of relative performance evaluation (RPE) on top managers’ compensation in Chinese public firms. Overall, we find no evidence of an RPE effect or any asymmetry in firms’ use of RPE. The results obtained using Albuquerque’s (2009) method are similar to those...
Persistent link: https://www.econbiz.de/10011825215
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State ownership and firm performance : empirical evidence from Chinese listed companies
Yu, Mei - In: China journal of accounting research : CJAR 6 (2013) 2, pp. 75-87
While the relationship between state ownership and firm performance has been widely researched, the empirical evidence has provided mixed results. This study applies panel data regression techniques to 10,639 firm-year observations of non-financial Chinese listed firms during 2003–2010 to...
Persistent link: https://www.econbiz.de/10011825783
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Top Management Turnover, Firm Performance and Government Control : Evidence from China’s Listed State-Owned Enterprises
Hu, Fang - 2010
Using a sample of 916 Chinese listed state-owned enterprises (SOEs) from 2001 to 2005, we find the likelihood of top management turnover is negatively associated with firm performance, suggesting the existence of an effective market-based corporate governance mechanism in an emerging economy...
Persistent link: https://www.econbiz.de/10013149357
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The Effect of Public Sector Downsizing on Private Firm Profits : Evidence From China
Zhou, Zhengyi - 2020
The Public Institution Reform of China in 2011 effectively downsized public institutions, which is an important …
Persistent link: https://www.econbiz.de/10012848692
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The Impact of Privatization on State-Owned Enterprises Performance and Efficiency : Case Study of Sudan Airways
Mohamed, Issam A.W. - 2011
The current paper analyzes the impacts of privatization of Sudan air carrier, Sudan Airways. The hypothetical framework in this study is that alternative policies other than privatization are feasible. Sudan airways represents the sovereignty of the country carrying its flag, its objectives is...
Persistent link: https://www.econbiz.de/10013130174