In China, state governance in corporations serves the purpose of Party control over the political, social, and economic … and social objectives. Both objectives must be controlled and managed well through the corporate sector in order for China …

' efficiency when government intervention is the norm in China …

China IPO sample of SOEs, we conclude that SOEs underprice their IPOs more. Specifically, SOEs controlled by the central …

companies is not evidence per se that China's SIP program is ineffective or unsuccessful. Instead, the positive privatization … their EBIT/Sales by 3.8%. After adjusting for this negative listing effect, however, we show that China's SIP program yields … -- which have accounted for the bulk of China's listed companies and market capitalization …

Using a unique list of 528 fake state-owned enterprises (SOEs) exposed in China, we examine whether and how investors …

In China, a large proportion of companies are state owned, and this factor is a likely important driver of assets … & MacBeth (1973) regressions, we show that the SOE factor is critical in explaining cross section returns in China's domestic … pricing mechanism in China. While accounting for the SOE impact improves explanatory power of the asset pricing model, further …