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Have China's enterprise reforms led to improved efficiency and profitability?
16 references·16 citing·34 second hopsampled
Have China's enterprise reforms led to improved efficiency and profitability? (2005)Have China's enterprise reforms led to im…China share issue privatization: the extent of its success (2003)China share issue privatizati…State-Owned and Privately Owned Firms: An Empirical Analysis of Profitability, Leverage, and Labor Intensity (2001)State-Owned and Privately Own…From State to Market: A Survey of Empirical Studies on Privatization (2001)From State to Market: A Surve…When Does Privatization Work? The Impact of Private Ownership on Corporate Performance in the Transition Economies (1999)When Does Privatization Work?…The grabbing hand: government pathologies and their cures (1999)The grabbing hand: government…The Grabbing Hand: Government Pathologies and Their Cures (1999)The Grabbing Hand: Government…The Financial and Operating Performance of Newly Privatized Firms: Evidence from Developing Countries (1998)The Financial and Operating P…State versus Private Ownership (1998)State versus Private OwnershipCompetition, Policy Burdens, and State-Owned Enterprise Reform. (1998)Competition, Policy Burdens, …Ownership and operating performance of companies that go public (1997)Ownership and operating perfo…A Theory of Privatisation (1996)A Theory of PrivatisationThe Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis (1994)The Financial and Operating P…Autonomy and Incentives in Chinese State Enterprises (1994)Autonomy and Incentives in Ch…The Socialist System: The Political Economy of Communism. (1993)The Socialist System: The Pol…Economic Perspectives on Privatization (1991)Economic Perspectives on Priv…Ownership and Performance in Competitive Environments: A Comparison of the Performance of Private, Mixed, and State-Owned Enterprises (1989)Ownership and Performance in …An empirical investigation of the effects of competition, efficiency and risk-taking on profitability: An application in Indian banking (2021)An empirical investigation of…Cash holdings and firm performance relationship: Do firm-specific factors matter? (2020)Cash holdings and firm perfor…The Emergence of China and India in the Global Market (2016)The Emergence of China and In…Political instability, access to private debt, and innovation investment in China (2016)Political instability, access…Overinvestment, inflation uncertainty, and managerial overconfidence: Firm level analysis of Chinese corporations (2016)Overinvestment, inflation unc…IPOs, institutional complexity, and management accounting in hybrid organisations: A field study in a state-owned enterprise in China (2016)IPOs, institutional complexit…Value relevance, earnings management and corporate governance in China (2015)Value relevance, earnings man…The impact of corporate governance on state-owned and non-state-owned firms efficiency in China (2015)The impact of corporate gover…The societal relevance of management accounting innovations: economic value added and institutional work in the fields of Chinese and Thai state-owned enterprises (2014)The societal relevance of man…Ownership Structure and Risk-Taking: Comparative Evidence from Private and State-Controlled Banks in China (2013)Ownership Structure and Risk-…Can Internal Governance Mechanisms Prevent Asset Appropriation? Examination of Type I Tunneling in C hina (2013)Can Internal Governance Mecha…The Effects of Political Connections and State Ownership on Corporate Litigation in China (2011)The Effects of Political Conn…State-ownership and financial constraints on investment of Chinese-listed firms: new evidence (2011)State-ownership and financial…Tax, Financial Reporting, and Tunneling Incentives for Income Shifting: An Empirical Analysis of the Transfer Pricing Behavior of Chinese-Listed Companies (2010)Tax, Financial Reporting, and…Justifying top management pay in a transitional economy (2010)Justifying top management pay…State ownership and listed firm performance: a universally negative governance relationship? (2009)State ownership and listed fi…The Modern Corporation and Private Property (1933)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Takeover Bids, The Free-Rider Problem, and the Theory of the Corporation (1980)The institutional environment for infrastructure investment (2002)On the Existence of an Optimal Capital Structure: Theory and Evidence (1984)Politicians and Firms (1994)Political Connections and Corporate Bailouts (2006)Politically connected CEOs, corporate governance, and Post-IPO performance of China's newly partially privatized firms☆ (2007)Earnings management and the underperformance of seasoned equity offerings11We thank Brad Barber (the referee), Randy Beatty, Vic Bernard, K.C. Chan, Kent Daniel, M. DeFond, Laura Field, David Heike, Chuan Yang Hwang, Jonathan Karpoff, S.P. Kothari, Charles Lee, Wayne Mikkelson (the editor), Tim Opler, Krishna Palepu, K. Ramesh, Jay Ritter, Terry Shevlin, Doug Skinner, Sheridan Titman, Ross Watts, Jerry Zimmerman, and seminar participants at the University of California Finance and Accounting Conference (Davis, March 1995), the NBER Corporate Finance Conference (Boston, August 1995), the Center for Research in Security Prices Seminar (Chicago, October 1995), the American Finance Association Conference (San Francisco, 1996), the American Accounting Association Conference (Chicago, August 1996), the University of Michigan, and the University of Rochester for helpful comments and discussions. (1998)International Corporate Governance (2003)A Survey of Corporate Governance (1997)Law and Finance (1998)Corporate Ownership Around the World (1999)The Fundamental Institutions of China's Reforms and Development (2011)The Nature of the Firm (1937)The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration (1986)Multitask Principal–Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design (1991)Government Ownership of Banks (2002)The effects of government ownership on bank lending (2003)Politicians and banks: Political influences on government-owned banks in emerging markets (2005)The Problem of Social Cost (1960)World Investment Report (2017)A Brief History of Neoliberalism (2020)Social Traps and the Problem of Trust (2005)Corruption, institutions, and economic development (2009)Why Anticorruption Reforms Fail—Systemic Corruption as a Collective Action Problem (2012)Local Governments as Industrial Firms: An Organizational Analysis of China's Transitional Economy (1995)On the unintended consequences of publishing performance data in the public sector (1995)The Weakness of Civil Society in Post-Communist Europe (2003)Enterprise Restructuring in Transition: A Quantitative Survey (2002)Economic Analysis of Corruption: A Survey (2003)Understanding the Soft Budget Constraint (2003)Gender and corruption (2001)Public sector efficiency: An international comparison (2005)
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References

  • 2001From State to Market: A Survey of Empirical Studies on Privatization3,555 cited
  • 1998State versus Private Ownership1,837 cited
  • 1994The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis1,416 cited
  • 1993The Socialist System: The Political Economy of Communism.1,352 cited
  • 2001State-Owned and Privately Owned Firms: An Empirical Analysis of Profitability, Leverage, and Labor Intensity1,218 cited
  • 1996A Theory of Privatisation1,213 cited
  • 1989Ownership and Performance in Competitive Environments: A Comparison of the Performance of Private, Mixed, and State-Owned Enterprises1,132 cited
  • 1999The Grabbing Hand: Government Pathologies and Their Cures1,020 cited
  • 1999The grabbing hand: government pathologies and their cures991 cited
  • 2003China share issue privatization: the extent of its success961 cited
  • 1991Economic Perspectives on Privatization834 cited
  • 1998The Financial and Operating Performance of Newly Privatized Firms: Evidence from Developing Countries778 cited
  • 1994Autonomy and Incentives in Chinese State Enterprises762 cited
  • 1997Ownership and operating performance of companies that go public735 cited
  • 1998

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Competition, Policy Burdens, and State-Owned Enterprise Reform.
727 cited
  • 1999When Does Privatization Work? The Impact of Private Ownership on Corporate Performance in the Transition Economies698 cited
  • Cited by

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    • 2013Ownership Structure and Risk-Taking: Comparative Evidence from Private and State-Controlled Banks in China183 cited
    • 2010Tax, Financial Reporting, and Tunneling Incentives for Income Shifting: An Empirical Analysis of the Transfer Pricing Behavior of Chinese-Listed Companies128 cited
    • 2015Value relevance, earnings management and corporate governance in China125 cited
    • 2016Political instability, access to private debt, and innovation investment in China105 cited
    • 2013Can Internal Governance Mechanisms Prevent Asset Appropriation? Examination of Type I Tunneling in C hina98 cited
    • 2016The Emergence of China and India in the Global Market97 cited
    • 2014The societal relevance of management accounting innovations: economic value added and institutional work in the fields of Chinese and Thai state-owned enterprises72 cited
    • 2009State ownership and listed firm performance: a universally negative governance relationship?68 cited
    • 2011State-ownership and financial constraints on investment of Chinese-listed firms: new evidence64 cited
    • 2010Justifying top management pay in a transitional economy63 cited
    • 2016IPOs, institutional complexity, and management accounting in hybrid organisations: A field study in a state-owned enterprise in China61 cited
    • 2015The impact of corporate governance on state-owned and non-state-owned firms efficiency in China54 cited
    • 2016Overinvestment, inflation uncertainty, and managerial overconfidence: Firm level analysis of Chinese corporations53 cited
    • 2020Cash holdings and firm performance relationship: Do firm-specific factors matter?53 cited
    • 2021An empirical investigation of the effects of competition, efficiency and risk-taking on profitability: An application in Indian banking50 cited