摘要
This paper examines the impact of market liberalization on firm performance through institutional changes during the economic reform in China. The conceptualization focuses on the decentralization of control, ownership restructuring, and industrial policy as the primary institutional changes to implement market liberalization in China. These institutional changes affect firm performance by shaping managerial incentives, affecting transaction and agency costs, and making selective resource allocations across and within industries. Using a large-scale data set including 23,577 firms between 1992 and 1996, the study examines how market liberalization affects the profitability and productivity of Chinese firms and the relationship between ownership change and the performance of state-owned enterprises.
源语言 | 英语 |
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页(从-至) | 127-147 |
期刊 | Journal of International Business Studies |
卷 | 37 |
期 | 1 |
DOI | |
出版状态 | 已出版 - 2006 |
Corresponding author email
psam@ceibs.edu关键词
- economic transition
- firm performance
- market liberalization
成果物的来源
- FT
- Scopus
- SSCI