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-owned sector of the economy (FOSE), a best-performing sector in China's non-state-owned economy, has been decreasing since 2003 in …
Persistent link: https://www.econbiz.de/10013128724
This paper investigates the effect of state-owned enterprises reform, a policy phrased as “grasping the large, letting the small go” on firms' capital efficiency in Chinese industrial firms. First, we present several styled facts on investment rates in state and private industrial firms from...
Persistent link: https://www.econbiz.de/10013238407
During transition, maintaining employment and providing a social safety net to the unemployed are important to social stability, which in turn is crucial for the productivity of the whole economy. Because independent institutions for social safety are lacking and firms with strong profit...
Persistent link: https://www.econbiz.de/10014144003
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
This paper adopts a political approach to analyze the relationship between the state and state-owned business in China … discuss their implications for future SOE reform in China. It argues that SOE reform is part of the CCP's effort to rebuild …
Persistent link: https://www.econbiz.de/10013027027
Previous studies have primarily focused on the relative success of collectively owned enterprises (COEs) in China … privatization literature, we argue that the transformed COEs in the ongoing organizational transformation process may achieve better …
Persistent link: https://www.econbiz.de/10013070784
Persistent link: https://www.econbiz.de/10012977225
have set up stronger governance than domestic private firms that have not experienced privatization. I propose seven … governments' fiscal conditions in the privatization year and privatized firms' governance, which suggests a significant role … played by local governments in shaping corporate governance during the privatization process …
Persistent link: https://www.econbiz.de/10013004652
We estimate the effects of privatization on zombie versus healthy state-owned enterprises (SOEs) in China, extending … privatization of underperforming, zombie-like entities can lead to substantial economic improvements and greater efficiency …
Persistent link: https://www.econbiz.de/10015056119
explore an optimal strategy for state-owned enterprise (SOE) reforms in China. We argue that ceteris paribus the current … illnesses of low efficiency and rent-seeking commonly suffered by China's state-owned sector can be cured by a two … then to become Pareto optimal under the full privatization …
Persistent link: https://www.econbiz.de/10012902547