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Previous studies have primarily focused on the relative success of collectively owned enterprises (COEs) in China …
Persistent link: https://www.econbiz.de/10013070784
Southern China in 1998. By employing several econometric specifications, we find that the probability of a firm being … that it does not vary with government policies. Our findings highlight the decentralized nature of China's reforms …
Persistent link: https://www.econbiz.de/10014072379
Starting from the 3rd Plenary Session of the 18th Central Committee of the Communist Party of China, held in November … 2013, China initiated another round of state-owned enterprise (SOE) reform. This study examines policy documents, analyzes … resulted in stronger, better, and potentially larger SOEs in China. These insights hold significant relevance for investors and …
Persistent link: https://www.econbiz.de/10014350080
The empirical effect of enterprise autonomy on the performance of state-owned enterprises is surprisingly scant despite autonomy being a preferred reform instrument in many countries, and of ten chosen over privatization. Using longitudinal data on performance contracts for state-owned...
Persistent link: https://www.econbiz.de/10010903913
intuitively appealing explanation for the job gains and losses caused by privatization in China during its transition. The model …
Persistent link: https://www.econbiz.de/10013066765
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 …
Persistent link: https://www.econbiz.de/10013156611
efficiency in Chinese state-owned enterprises (SOEs). SOE reform in China has been able to achieve substantial improvements in … analysis of ownership-industry-year data for an important reform period in China …
Persistent link: https://www.econbiz.de/10013011452
President Xi Jinping pronounced in April 2014 that China has entered a New Normal in economic growth, and the common … World Bank's projections in January 2016 that China's growth rate would drop to 6.7 percent in 2016 and then to 6.5 percent …. In this paper we (1) identify some of the major structural reforms that would entrench dynamism into China's economy, and …
Persistent link: https://www.econbiz.de/10012988366
reform during China's rapid growth, but its true impact remains controversial. Although private firms seem more productive …
Persistent link: https://www.econbiz.de/10013234474
a stark distinction between SOEs and privately owned enterprises (“POEs”) misperceives the reality of China … “ownership bias” of prevailing analyses of Chinese firms by exploring the blurred boundary between SOEs and POEs in China. We … ownership of enterprise. We explain the mechanisms of capture in China and argue that due to China's institutional environment …
Persistent link: https://www.econbiz.de/10013033935