کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5048048 | 1370936 | 2008 | 9 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Change of control and the success of China's share-issue privatization
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
Using two newly available datasets of exchange-listed firms in China covering the period from 1994 to 2003, we test if share-issue privatization, defined here as a change of corporate control from the State to private owners rather than the IPO event used in earlier studies, improved firm performance. Our econometric analysis shows that privatization, when accompanied by a change of control, has had positive effects on profitability and the productivity of labor that are both statistically and economically significant.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: China Economic Review - Volume 19, Issue 4, December 2008, Pages 605-613
Journal: China Economic Review - Volume 19, Issue 4, December 2008, Pages 605-613
نویسندگان
Peter L. ROUSSEAU, Sheng XIAO,