Financial Effects of Private Vs. Government Stock Ownership: Evidence from Literature of Listed Chinese Companies

Frank Long and Yan He

Chinese Economy, 2018, vol. 51, issue 3, 263-289

Abstract: We collect evidence from the literature of listed Chinese companies about private vs. government stock ownership in seven financial areas. Based on a total of 106 financial effects examined, our study categorizes 39% as positive effects of private ownership, 25% as negative effects of private ownership, and 36% as mixed or ambiguous. Thus, private ownership seems to have an advantage over government ownership, but privatization per se in China seems not an absolute guarantee for effective corporate financial management.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:mes:chinec:v:51:y:2018:i:3:p:263-289

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DOI: 10.1080/10971475.2017.1399099

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