The performance impact of firm ownership transformation in China

John Beirne, Guy S. Liu and Pei Sun

No 1598, Working Paper Series from European Central Bank

Abstract: Does firm ownership change affect performance? On the basis of a mean-value analysis and a fixed effects panel analysis of over 1100 Chinese companies during the period of ownership reform (1997-2003), this paper examines the performance impact of firm ownership transformation in China. The data used allows us to compare the performance impacts of different methods taken to restructure the ownership of state firms, such as full versus partial privatisation. For China, a state-capitalist nation and the world's largest state sector under transition, the mix of state and private ownership JEL Classification: L33, O40, P27

Keywords: Chinese enterprise reform; corporate governance; firm ownership; firm performance; privatisation (search for similar items in EconPapers)
Date: 2013-10
New Economics Papers: this item is included in nep-bec, nep-eff and nep-tra
Note: 733190
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:20131598

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