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Article: What Causes Privatization? Evidence from Import Competition in China
| Title | What Causes Privatization? Evidence from Import Competition in China |
|---|---|
| Authors | |
| Issue Date | 21-Jun-2023 |
| Publisher | Institute for Operations Research and Management Sciences |
| Citation | Management Science, 2023 How to Cite? |
| Abstract | In this paper, we identify product market competition as a driver of privatization. Using product market shocks caused by trade liberalization of China, which has the world’s largest state sector, we find that subjecting state-owned enterprises (SOEs) to higher competition leads to an increase in private ownership. This response is strengthened when SOEs operate in industries with large technology or productivity gaps from those in the frontier economies or when SOEs impose large fiscal burdens on local governments. Our findings are consistent with politicians’ incentives to boost economic growth for better career development and to shed burdens when rents decrease. |
| Persistent Identifier | http://hdl.handle.net/10722/331007 |
| ISSN | 2023 Impact Factor: 4.6 2023 SCImago Journal Rankings: 5.438 |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Hu, Qing | - |
| dc.contributor.author | Li, Wenjing | - |
| dc.contributor.author | Lin, Chen | - |
| dc.contributor.author | Wei, Lai | - |
| dc.date.accessioned | 2023-09-21T06:51:56Z | - |
| dc.date.available | 2023-09-21T06:51:56Z | - |
| dc.date.issued | 2023-06-21 | - |
| dc.identifier.citation | Management Science, 2023 | - |
| dc.identifier.issn | 0025-1909 | - |
| dc.identifier.uri | http://hdl.handle.net/10722/331007 | - |
| dc.description.abstract | <p>In this paper, we identify product market competition as a driver of privatization. Using product market shocks caused by trade liberalization of China, which has the world’s largest state sector, we find that subjecting state-owned enterprises (SOEs) to higher competition leads to an increase in private ownership. This response is strengthened when SOEs operate in industries with large technology or productivity gaps from those in the frontier economies or when SOEs impose large fiscal burdens on local governments. Our findings are consistent with politicians’ incentives to boost economic growth for better career development and to shed burdens when rents decrease.<br></p> | - |
| dc.language | eng | - |
| dc.publisher | Institute for Operations Research and Management Sciences | - |
| dc.relation.ispartof | Management Science | - |
| dc.title | What Causes Privatization? Evidence from Import Competition in China | - |
| dc.type | Article | - |
| dc.identifier.doi | 10.1287/mnsc.2023.4847 | - |
| dc.identifier.eissn | 1526-5501 | - |
| dc.identifier.issnl | 0025-1909 | - |