Market liberalization and firm performance during China's economic transition

Seung Ho Park (First Author), Shaomin Li (Participant Author), David K Tse (Participant Author)

科研成果: 期刊稿件期刊论文

195 引用 (Web of Science)

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
页(从-至)127-147
期刊Journal of International Business Studies
37
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

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