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

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 …

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 …

have set up stronger governance than domestic private firms that have not experienced privatization. I propose seven … governments' fiscal conditions in the privatization year and privatized firms' governance, which suggests a significant role … played by local governments in shaping corporate governance during the privatization process …

The Public Institution Reform of China in 2011 effectively downsized public institutions, which is an important …

privatization (i.e., IPO) has different effects depending on the types of owners to whom it gives control in corporate governance …

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 …