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We analyze a new management survey for around 1,000 firms and 10,000 employees across two large provinces in China. The …
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This paper studies insider privatization in rural China and provides an explanation of why some firms have performed … the buyout price and postprivatization incentives. Drawing on data we collected in China, we find evidence supporting the …
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This paper studies insider privatization in transition economies. We show theoretically that the underperformance of insider-privatized firms could be due to the manager-cum-owner's lack of incentives after privatization. A screening theory predicts that a firm's postprivatization incentives...
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