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Article: How does privatization work in China?

TitleHow does privatization work in China?
Authors
Bai, CELu, JTao, Z
KeywordsFirm employment
Firm performance
Managerial expenses
Privatization
Social welfare responsibility
Issue Date2009
PublisherAcademic Press. The Journal's web site is located at http://www.elsevier.com/locate/jce
Citation
Journal Of Comparative Economics, 2009, v. 37 n. 3, p. 453-470 How to Cite?
DOI: http://dx.doi.org/10.1016/j.jce.2008.09.006
AbstractBai, Chong-En, Lu, Jiangyong, and Tao, Zhigang-How does privatization work in China? Using a comprehensive panel data set of China's state-owned enterprises, we investigate the impacts of privatization on social welfare and firm performance indicators. The privatization of China's state-owned enterprises was found to have little impact on the change of firm employment, but it did lead to increasing sales and hence higher labor productivity. Meanwhile, there was a gain in firm profitability contributed to mostly by the reduction of managerial expenses to sales. The impact of privatization was sustainable in the long run, and was more pronounced when state ownership was reduced to minority position as opposed to majority position. © 2008 Association for Comparative Economic Studies.
Persistent Identifierhttp://hdl.handle.net/10722/146080
ISSN
0147-5967
2023 Impact Factor: 2.8
2023 SCImago Journal Rankings: 1.504
ISI Accession Number ID
WOS:000271113300008
References
References in Scopus

 

DC FieldValueLanguage
dc.contributor.authorBai, CEen_HK
dc.contributor.authorLu, Jen_HK
dc.contributor.authorTao, Zen_HK
dc.date.accessioned2012-03-27T09:10:41Z-
dc.date.available2012-03-27T09:10:41Z-
dc.date.issued2009en_HK
dc.identifier.citationJournal Of Comparative Economics, 2009, v. 37 n. 3, p. 453-470en_HK
dc.identifier.issn0147-5967en_HK
dc.identifier.urihttp://hdl.handle.net/10722/146080-
dc.description.abstractBai, Chong-En, Lu, Jiangyong, and Tao, Zhigang-How does privatization work in China? Using a comprehensive panel data set of China's state-owned enterprises, we investigate the impacts of privatization on social welfare and firm performance indicators. The privatization of China's state-owned enterprises was found to have little impact on the change of firm employment, but it did lead to increasing sales and hence higher labor productivity. Meanwhile, there was a gain in firm profitability contributed to mostly by the reduction of managerial expenses to sales. The impact of privatization was sustainable in the long run, and was more pronounced when state ownership was reduced to minority position as opposed to majority position. © 2008 Association for Comparative Economic Studies.en_HK
dc.languageengen_US
dc.publisherAcademic Press. The Journal's web site is located at http://www.elsevier.com/locate/jceen_HK
dc.relation.ispartofJournal of Comparative Economicsen_HK
dc.subjectFirm employmenten_HK
dc.subjectFirm performanceen_HK
dc.subjectManagerial expensesen_HK
dc.subjectPrivatizationen_HK
dc.subjectSocial welfare responsibilityen_HK
dc.titleHow does privatization work in China?en_HK
dc.typeArticleen_HK
dc.identifier.emailTao, Z: ztao@hku.hken_HK
dc.identifier.authorityTao, Z=rp01097en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/j.jce.2008.09.006en_HK
dc.identifier.scopuseid_2-s2.0-70249133745en_HK
dc.identifier.hkuros198884en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-70249133745&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume37en_HK
dc.identifier.issue3en_HK
dc.identifier.spage453en_HK
dc.identifier.epage470en_HK
dc.identifier.isiWOS:000271113300008-
dc.publisher.placeUnited Statesen_HK
dc.identifier.scopusauthoridBai, CE=13805990500en_HK
dc.identifier.scopusauthoridLu, J=13805758400en_HK
dc.identifier.scopusauthoridTao, Z=7201884505en_HK
dc.identifier.citeulike5356532-
dc.identifier.issnl0147-5967-

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