-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 …

perspective of investment-cash flow sensitivity, and the effects of privatization reform on muffling the institutionally … sharply after the Split-share Structure Reform in China, shedding light on the positive impacts of the reform in alleviating …

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 …

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 …

During the subprime financial crisis of 2007-2009, the U.S. transformed its policies from a focus on privatization and … principles that drive growth and foster innovation. The article attempts to reconcile the reality of massive government … innovation. At the core of the prescriptive regulatory proposal are three principles: (1) there must be political insulation of …