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Article: A nationwide survey of privatized firms in China
Title | A nationwide survey of privatized firms in China |
---|---|
Authors | |
Keywords | Fisher equation Monetary policy rules Predictability |
Issue Date | 2008 |
Publisher | Seoul National University, Institute of Economic Research. |
Citation | Seoul Journal of Economics, 2008, v. 21 n. 2, p. 311-331 How to Cite? |
Abstract | This 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withdrawn from firms’ daily decision making.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 Identifier | http://hdl.handle.net/10722/60185 |
ISSN | 2023 Impact Factor: 0.4 2023 SCImago Journal Rankings: 0.284 |
DC Field | Value | Language |
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dc.contributor.author | Guo, Y | en_HK |
dc.contributor.author | Gan, J | en_HK |
dc.contributor.author | Xu, C | en_HK |
dc.date.accessioned | 2010-05-31T04:05:26Z | - |
dc.date.available | 2010-05-31T04:05:26Z | - |
dc.date.issued | 2008 | en_HK |
dc.identifier.citation | Seoul Journal of Economics, 2008, v. 21 n. 2, p. 311-331 | en_HK |
dc.identifier.issn | 1225-0279 | - |
dc.identifier.uri | http://hdl.handle.net/10722/60185 | - |
dc.description.abstract | This 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 After privatization, the state has withdrawn from firms’ daily decision making.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.language | eng | en_HK |
dc.publisher | Seoul National University, Institute of Economic Research. | - |
dc.relation.ispartof | Seoul Journal of Economics | en_HK |
dc.subject | Fisher equation | - |
dc.subject | Monetary policy rules | - |
dc.subject | Predictability | - |
dc.title | A nationwide survey of privatized firms in China | en_HK |
dc.type | Article | en_HK |
dc.identifier.email | Xu, C: cgxu@hku.hk | en_HK |
dc.identifier.authority | Xu, C=rp01118 | en_HK |
dc.description.nature | postprint | - |
dc.identifier.hkuros | 167262 | en_HK |
dc.identifier.volume | 21 | en_US |
dc.identifier.issue | 2 | - |
dc.identifier.spage | 311 | en_US |
dc.identifier.epage | 331 | en_US |
dc.publisher.place | Korea, Republic of | - |
dc.identifier.issnl | 1225-0279 | - |