How Does Privatization Work in China?
Lu Jiangyong () and
Zhigang Tao ()
MPRA Paper from University Library of Munich, Germany
Using a comprehensive panel data set of China’s state-owned enterprises, we investigate the impacts of privatization, of different time sequences and extent of non-state ownership, on social welfare and firm performance. Attention has been focused on the sources of gain in firm performance and the long-run impacts of privatization. It is found that the privatization of China’s state-owned enterprises was achieved with limited compromise on social welfare responsibilities, and significant gain in firm performance was obtained by motivating the management and reducing agency cost at the management level.
JEL-codes: L2 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cna, nep-dev and nep-tra
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https://mpra.ub.uni-muenchen.de/6599/1/MPRA_paper_6599.pdf original version (application/pdf)
Journal Article: How does privatization work in China? (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:6599
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