Does Group Affiliation Improve Firm Performance? The Case of Chinese State-Owned Firms

Huanjun Yu, Hans Van Ees and Robert Lensink

Journal of Development Studies, 2009, vol. 45, issue 10, 1615-1632

Abstract: This paper analyses the performance of state-owned business groups in China. Group affiliation can be important for economic policy evaluation since the Chinese government promotes the formation of business groups as a first step in the process of reforming state enterprises into modern corporations. The analysis applies a range of econometric techniques to a sample of 657 Chinese state-owned firms in 2005 and shows that group affiliation has a robust positive effect on performance. Group affiliation may in this respect provide a successful alternative to large-scale privatisation.

Date: 2009
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Citations: View citations in EconPapers (6)

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DOI: 10.1080/00220380902952365

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