-natural experiment: China's Split-share Structure Reform. State-Owned Enterprises (SOEs) have an advantage over non-SOEs in securing … significantly after the reform, which converted SOEs' non-tradable state-owned shares to tradable shares, sharply increasing the … probability of privatization. The effects were more pronounced among SOEs under higher threats of privatization (e.g., firms with …

This paper investigates the impact of the ongoing mixed-ownership reform on the innovation activities of SOEs in China …. We find that the reform improves SOE’s innovation, and the impact is heterogeneous, by exploring in different industries … industries and eastern developed region. As a new form of state-sector reform, this mixed-ownership reform happens not only in …

This paper documents recent structural changes in China's corporate landscape, based on company level data, providing a … complementary perspective to that of official Chinese statistics. We classify China's largest companies by revenue since 2004 (based …

privatization (i.e., IPO) has different effects depending on the types of owners to whom it gives control in corporate governance …

reform in China. It also conducts empirical studies of the change in ownership and board composition in over 30 SOEs which …This Article provides an early assessment of the impact on corporate governance of the most recent wave of SOE reform … announced by the CCP in 2013, officially known as the mixed-ownership reform (MOR). It offers a comprehensive and detailed …

We study the relation between state ownership and cash holdings in China's share-issue privatized firms from 1993 to …

show that state ownership has a U-shaped relationship with firm performance. The Split Share Structure Reform in 2005 … connections. The Split Share Structure Reform made previously non-tradable shares legally tradable, improving corporate governance …

privatization could improve the performance of public firms. However, a study over a longer period is needed before these results …

We study the relation between state ownership and cash holdings in China's share-issue privatized firms from 2000 to …

We document reversals of privatization in China—local governments re-possessing ownership stakes in a quarter of … previously privatized firms during 1998–2007, a period when the privatization process was still ongoing. This type of ownership … provinces led by an official without strong political status in the Chinese Communist Party. A reversal in privatization led to …