Showing 141 - 150 of 133,735
China could not have achieved its economic growth in a vacuum of legal development. But its legal system is facing … by this problem, and illustrate the ways in which China has developed unique market solutions to the informational … challenges faced by its legal system. Using the example of initial public offerings of equity securities by China's state owned …
Persistent link: https://www.econbiz.de/10012977333
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
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
characterizes China's state sector. The model demonstrates the nature of the bargain between the principals (i.e., officials from … China's State Asset Council) and the agents (large-SOE managers). We derive an indifference payoff point, which maximizes … party in the game. This condition helps to explain the inability of China's political economy system to privatize …
Persistent link: https://www.econbiz.de/10012853205
We document the reversal of privatization in China—local governments re-possessing ownership stakes in a quarter of …
Persistent link: https://www.econbiz.de/10012856887
We investigate the power structure of the Chinese political system and its implications on corporate sectors. We document large-scale ‘re-nationalization' — local government re-possessing controlling ownership stakes in previously privatized firms during the period 1999-2007. Firms located...
Persistent link: https://www.econbiz.de/10013049682
brands and their markets and culture-specific global brand development in emerging markets, such as China. Case studies are … that taps into China's rich cultural heritage, instead of relying on cheap mass production; connecting to ideas of …
Persistent link: https://www.econbiz.de/10013024542
structures exist. In China, dual class share and pyramiding coexisted in listed companies until the dual share reform was …
Persistent link: https://www.econbiz.de/10013027435
China has made much progress since it first opened to the outside world in 1978 under the guidance of paramount leader … evident from the fact that China is now the world's largest trading nation and the second largest economy.This article begins … with the state of China's economic and social life under Mao and proceeds to examine the genesis of economic reform that …
Persistent link: https://www.econbiz.de/10012983729
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