"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 …

"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 …

Reform of 2005. This reform allowed a reduction of government ownership by making government shares tradable. We find that … the impact of government ownership on leverage is dependent on whether the government is the largest shareholder in a firm … and whether the government ownership is through a parent state-owned enterprise. In addition, we document that the largest …