' efficiency when government intervention is the norm in China …

In China, state governance in corporations serves the purpose of Party control over the political, social, and economic … and social objectives. Both objectives must be controlled and managed well through the corporate sector in order for China …

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 …

Previous studies show that profitability does not improve after share issue privatization (SIP) in China. We explore …

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 …

Using a unique list of 528 fake state-owned enterprises (SOEs) exposed in China, we examine whether and how investors …

In China, a large proportion of companies are state owned, and this factor is a likely important driver of assets … & MacBeth (1973) regressions, we show that the SOE factor is critical in explaining cross section returns in China's domestic … pricing mechanism in China. While accounting for the SOE impact improves explanatory power of the asset pricing model, further …