quantification of the gains from optimal ownership within multinational firms, by exploiting a major liberalization of China's policy …Seminal theories of the firm posit that firm ownership is allocated to minimize contractual inefficiencies. Yet, it … remains unclear how much the optimal ownership choice affects firm performance in practice. This paper provides a first …

Purpose – The purpose of this paper is to link literature on China’s real estate sector and the impact of governance …, ownership and political connectedness on firm financial performance. Whether these factors impact listed real estate firms …, ownership, local government political connectedness, accounting data and ultimate control. Two-way interactions are estimated …

"The paper evaluates the effects of privatization in the post-communist economies and China. In post … institutional development. In China relatively more estimates suggest that privatization to domestic owners improves the level of … performance. Concentrated private ownership has a stronger positive effect on performance than dispersed ownership in the post …