| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 1003258 | Research in International Business and Finance | 2007 | 17 Pages |
Abstract
This study investigates the influence of the degree of state ownership and ownership concentration on firm performance using annual data for 1034 companies listed on China's two exchanges for the period from 2000 to 2004. We find that, on average, the firms’ performance is negatively influenced by the state ownership. However, such a negative relationship is significant only at high levels of government ownership. Moreover, we find that a balanced ownership structure enhances the firm performance and there are indications of detrimental effects of block ownership.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Abeyratna Gunasekarage, Kurt Hess, Amity (Jie) Hu,