Property rights and China's enterprise reform


Grant Data
Project Title
Property rights and China's enterprise reform
Principal Investigator
Dr Xiao, Geng   (Principal investigator)
Co-Investigator(s)
Dr Yu   (Co-Investigator)
Professor Woo   (Co-Investigator)
Professor Sachs   (Co-Investigator)
Dr Zhao Haiying   (Co-Investigator)
Duration
39
Start Date
1998-08-01
Completion Date
2001-10-31
Amount
956000
Conference Title
Presentation Title
Sponsor
RGC General Research Fund (GRF)
HKU Project Code
HKU 7167/98H
Grant Type
General Research Fund (GRF)
Funding Year
1998/1999
Status
Completed
Objectives
Propose a theory of property rights and state ownership which could explain the "privatization of assets and socialization of liabilities" in China's state sector. Test, using relevant econometric methods, the proposed theory with firm-level industrial survey data collected by the State Statistical Bureau of China and other available micro and macro statistics. Apply the tested theory to the analysis and assessment of China's recent enterprise reform initiatives such as public listing of SOEs in stock exchanges in Shanghai, Shenzhen, and Hong Kong, establishing large state-owned holding companies, and transforming small SOEs into employee share-holding cooperatives.