We study the efficiency of capital allocations at state-controlled and privately owned business groups in China. Using …

as a spur to improve profitability, efficiency, investment, and growth. In contrast to the operating and financial …. Profitability and efficiency decline in the five years after privatization. Sales grow, capital investment improves, and debt levels … fall after privatization. We argue that the privatizations have been unsuccessful (in terms of profitability and efficiency …

We study the efficiency of capital allocations at state-controlled and privately owned business groups in China. Using …

the profitability, supply response, and input demand of tobacco farms in Pakistan remain unknown. Our study fills this gap … by examining farm-level profitability, input demand, and output supply using survey data of 140 tobacco farms by …