Financial Effects of Private Vs. Government Stock Ownership: Evidence from Literature of Listed Chinese Companies

被引：3
|
作者：
Long, Frank [1 ,2 ]
He, Yan [3 ]
机构：
[1] Wuhan Univ, Wuhan, Hubei, Peoples R China
[2] Duke Kunshan Univ, Sch Business, Kunshan, Peoples R China
[3] Indiana Univ Southeast, Sch Business, 4201 Grant Line Rd, New Albany, IN 47150 USA
来源：
CHINESE ECONOMY | 2018年 / 51卷 / 03期
关键词：
financial effects; government stock ownership; listed Chinese companies; private stock ownership;
D O I：
10.1080/10971475.2017.1399099
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We collect evidence from the literature of listed Chinese companies about private vs. government stock ownership in seven financial areas. Based on a total of 106 financial effects examined, our study categorizes 39% as positive effects of private ownership, 25% as negative effects of private ownership, and 36% as mixed or ambiguous. Thus, private ownership seems to have an advantage over government ownership, but privatization per se in China seems not an absolute guarantee for effective corporate financial management.
引用
收藏
页码：263 / 289
页数：27
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