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Full privatization through controlling rights transfer in China : the extent of its success

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Firm performance, asset acquisition and the method of controlling rights transfer : evidence from the Chinese market

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Full privatization through controlling rights transfer in China: the extent of its success

Bai, Yunxia; Lin, Bing-Xuan; Wang, Yaping; Wu, Liansheng - In: Applied Economics 45 (2013) 14, pp. 1857-1867

This article investigates the effect of the second step of privatization in China, which is full privatization through controlling rights transfer after share issue partial privatization. It finds that fully privatized firms perform worse than state-controlled enterprises. Expropriation by...

Persistent link: https://www.econbiz.de/10010549550