| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5092226 | Journal of Comparative Economics | 2013 | 17 Pages |
Abstract
⺠We examined the performance of firms acquired by their managers under Gaizhi in China. ⺠We performed a non-parametric Mahalanois matching method. ⺠Firms privatized by insiders experienced a significant decrease in profitability prior to privatization. ⺠Accompanied by a decrease in labor productivity, an increase in overdue receivable, and an increase in R&D investment. ⺠We do not observe a similar pattern among firms acquired by outsiders.
Related Topics
Social Sciences and Humanities
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Economics and Econometrics
Authors
Susan Feng Lu, David Dranove,