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Article: A nationwide survey of privatized firms in China

TitleA nationwide survey of privatized firms in China
Authors
KeywordsFisher equation
Monetary policy rules
Predictability
Issue Date2008
PublisherSeoul National University, Institute of Economic Research.
Citation
Seoul Journal of Economics, 2008, v. 21 n. 2, p. 311-331 How to Cite?
AbstractThis descriptive study is based on a nationwide survey of privatization in China. Between 1995 and 2005, close to 100,000 firms with 11.4 trillion RMB in assets were privatized in China. This privatization process encompassed two-thirds of state-owned enterprises and state assets. Privatization in China has created concentrated private ownership and greatly changed corporate governance. After privatization, the state has withdrawn from firms’ daily decision making. Soft budget constraints have been substantially hardened. Firms have become more efficient and more profitable.
Persistent Identifierhttp://hdl.handle.net/10722/60185
ISSN

 

DC FieldValueLanguage
dc.contributor.authorGuo, Yen_HK
dc.contributor.authorGan, Jen_HK
dc.contributor.authorXu, Cen_HK
dc.date.accessioned2010-05-31T04:05:26Z-
dc.date.available2010-05-31T04:05:26Z-
dc.date.issued2008en_HK
dc.identifier.citationSeoul Journal of Economics, 2008, v. 21 n. 2, p. 311-331en_HK
dc.identifier.issn1225-0279-
dc.identifier.urihttp://hdl.handle.net/10722/60185-
dc.description.abstractThis descriptive study is based on a nationwide survey of privatization in China. Between 1995 and 2005, close to 100,000 firms with 11.4 trillion RMB in assets were privatized in China. This privatization process encompassed two-thirds of state-owned enterprises and state assets. Privatization in China has created concentrated private ownership and greatly changed corporate governance. After privatization, the state has withdrawn from firms’ daily decision making. Soft budget constraints have been substantially hardened. Firms have become more efficient and more profitable.-
dc.languageengen_HK
dc.publisherSeoul National University, Institute of Economic Research.-
dc.relation.ispartofSeoul Journal of Economicsen_HK
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.subjectFisher equation-
dc.subjectMonetary policy rules-
dc.subjectPredictability-
dc.titleA nationwide survey of privatized firms in Chinaen_HK
dc.typeArticleen_HK
dc.identifier.emailXu, C: cgxu@hku.hken_HK
dc.identifier.authorityXu, C=rp01118en_HK
dc.description.naturepostprint-
dc.identifier.hkuros167262en_HK
dc.identifier.volume21en_US
dc.identifier.issue2-
dc.identifier.spage311en_US
dc.identifier.epage331en_US
dc.publisher.placeKorea, Republic of-

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