Bai, Chong-En and Lu, Jiangyong and Tao, Zhigang (2007): How Does Privatization Work in China?
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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.
|Item Type:||MPRA Paper|
|Original Title:||How Does Privatization Work in China?|
|Subjects:||L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior|
|Depositing User:||Jiangyong Lu|
|Date Deposited:||06. Jan 2008 16:57|
|Last Modified:||12. Feb 2013 21:11|