Add to ORKGThere are two main theories about the costs and benefits of public ownership: the efficiency theory that public ownership is a means for government to achieve its social objectives and the political patronage theory that public ownership is used by government officials to pursue their personal gains. The latest development of the efficiency theory emphasizes that state-owned enterprises engage in multiple tasks and one of the tasks has externalities. This theory implies that the incentives for privatization depend on the level of the government. Using a panel data set of 26,153 state-owned enterprises in China from 1995 to 1997, this paper tests this as well as other implications of the two main theories of public ownership and finds strong...
February 2008We analyze related party transactions between Chinese publicly listed firms and their s...
By tracing the identity of large shareholders, this paper groups China’s listed companies into four ...
We construct a formal model on the general lines of the rent-seeking theory to explain the pattern o...
There are two main theories about the costs and benefits of public ownership: the efficiency theory ...
China's collectively-owned enterprises are unconventional, as they are nominally owned by those peop...
China's collectively-owned enterprises are unconventional, as they are nominally owned by those...
This study examines the government's incentives to control partially privatized SOEs in share issue ...
China's remarkable economic growth occurred despite (1) the lack of rule of law to secure property r...
In general, this study is about privatisation and corporate governance, examining the association be...
ABSTRACT: We construct a formal model on the general lines of the rent-seeking theory to explain the...
We uniquely analyze the advantages and disadvantages of private ownership versus state ownership und...
We construct a formal model on the general lines of the rent-seeking theory to explain the pattern o...
On the basis of its main theoretical premise: that the form of ownership makes a difference for eco...
We investigate the endogenous choice problem of Chinese state-owned enterprises in their decision on...
China has re-emerged at global centre stage. It has achieved impressive economic growth under a poli...
February 2008We analyze related party transactions between Chinese publicly listed firms and their s...
By tracing the identity of large shareholders, this paper groups China’s listed companies into four ...
We construct a formal model on the general lines of the rent-seeking theory to explain the pattern o...
There are two main theories about the costs and benefits of public ownership: the efficiency theory ...
China's collectively-owned enterprises are unconventional, as they are nominally owned by those peop...
China's collectively-owned enterprises are unconventional, as they are nominally owned by those...
This study examines the government's incentives to control partially privatized SOEs in share issue ...
China's remarkable economic growth occurred despite (1) the lack of rule of law to secure property r...
In general, this study is about privatisation and corporate governance, examining the association be...
ABSTRACT: We construct a formal model on the general lines of the rent-seeking theory to explain the...
We uniquely analyze the advantages and disadvantages of private ownership versus state ownership und...
We construct a formal model on the general lines of the rent-seeking theory to explain the pattern o...
On the basis of its main theoretical premise: that the form of ownership makes a difference for eco...
We investigate the endogenous choice problem of Chinese state-owned enterprises in their decision on...
China has re-emerged at global centre stage. It has achieved impressive economic growth under a poli...
February 2008We analyze related party transactions between Chinese publicly listed firms and their s...
By tracing the identity of large shareholders, this paper groups China’s listed companies into four ...
We construct a formal model on the general lines of the rent-seeking theory to explain the pattern o...