improvement of people's welfare is the main cause of China's development miracle. Originality/value The innovation impetus of the …

This paper examines the progress of state-owned enterprise (SOE) reform in the People’s Republic of China. After …

of large state-owned enterprises (SOEs) in China. Our model shows that the delegation of decision making authority to SOE … of the party-committee control within large SOEs in China …

This study examines the determinants of the restructuring of China's SOEs in the late 1990s. Our study yields four … force for managers of China's SOEs. Furthermore, we offer evidence that decisions about labor retrenchment in traditional …

State enterprise reforms are underway in China, and include some positive and overdue corporate governance reform …

In the hierarchy of China's state sector, both before and during the current reform period, government bureaucrats …

investment transactions. Perhaps even more striking is the speed of China’s capital market growth. It took merely three decades … for China’s capital market to advance as the world’s second most meaningful market. Chinese firms—many of which are … obstructions, China’s illiberal governance system plays an important role in promoting market regularity, providing investors with …

We provide a theory of how growth, corruption, and a low-powered public-sector pay scale coexist in a stable … equilibrium in the early stage of China's development. The regionally decentralized authoritarian regime of China features lower …-powered public-sector pay scale in China. We propose a principal-agent model, where the principal represents the Chinese people …

exogenous shocks to the risk of corruption investigation, we find that the new credit cards originated to bureaucrats do not …-bureaucrats in the treated provinces during the post-crackdown period. We use our estimates to infer the size of corruption and …