File Download
Supplementary

Conference Paper: What makes privatization work? The case of China

TitleWhat makes privatization work? The case of China
Authors
Issue Date2008
Citation
The National Bureau of Economic Research's (NBER's) Working Group on China, Cambridge, MA., 3 October 2008. How to Cite?
AbstractUsing a unique hand-collected nationwide survey, this paper studies China’s privatization, by far the largest one in human history. We find that privatization in China has improved performance, but only for firms bought out by managers (MBOs). Consistent with improved performance, MBO firms are less likely be influenced by the state in their daily operation and are more likely to take various restructuring measures. We also find city governments with stronger fiscal disciplines and with less political burdens of disposing laid-off works tend to use the MBO method to privatize. Our empirical design deals with the selection issues by applying a difference-in-difference approach and an IV approach.
Persistent Identifierhttp://hdl.handle.net/10722/63825

 

DC FieldValueLanguage
dc.contributor.authorGan, Jen_HK
dc.contributor.authorGuo, Yen_HK
dc.contributor.authorXu, Cen_HK
dc.date.accessioned2010-07-13T04:33:03Z-
dc.date.available2010-07-13T04:33:03Z-
dc.date.issued2008en_HK
dc.identifier.citationThe National Bureau of Economic Research's (NBER's) Working Group on China, Cambridge, MA., 3 October 2008.-
dc.identifier.urihttp://hdl.handle.net/10722/63825-
dc.description.abstractUsing a unique hand-collected nationwide survey, this paper studies China’s privatization, by far the largest one in human history. We find that privatization in China has improved performance, but only for firms bought out by managers (MBOs). Consistent with improved performance, MBO firms are less likely be influenced by the state in their daily operation and are more likely to take various restructuring measures. We also find city governments with stronger fiscal disciplines and with less political burdens of disposing laid-off works tend to use the MBO method to privatize. Our empirical design deals with the selection issues by applying a difference-in-difference approach and an IV approach.-
dc.languageengen_HK
dc.relation.ispartofNBER's Working Group on China 2008-
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.titleWhat makes privatization work? The case of Chinaen_HK
dc.typeConference_Paperen_HK
dc.identifier.emailXu, C: cgxu@hku.hken_HK
dc.identifier.authorityXu, C=rp01118en_HK
dc.description.naturepostprint-
dc.identifier.hkuros167337en_HK

Export via OAI-PMH Interface in XML Formats


OR


Export to Other Non-XML Formats