STATE OWNERSHIP IN PUBLICLY LISTED CHINESE FIRMS AND ITS PERFORMANCE

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Ji Li ORCID logo, Guiyao Tang ORCID logo, Amy YY Chen ORCID logo, Nick M. Yan

https://doi.org/10.22495/cocv7i3c3p5

Abstract

Based on research, we studied the state ownership in publicly listed Chinese firms, and develop an empirical test of the relationship between state ownership and firm performance. We demonstrate the importance of some unique Chinese factors to understanding organizational behavior in China. The study indicates that the predictive validity of Western theories could be improved by taking into account the effects of fief-specific factors. We propose hypotheses that are relevant to this issue, and test them with empirical data collected from formerly state-owned firms in China’s manufacturing industries. The results support the hypothesized effects of fief-specific factors. The paper concludes with a discussion of the theoretical and practical implications of the research findings.

Keywords: State Ownership, Firm Performance, China

How to cite this paper: Li, J., Tang, G., Chen, A. Y., Yan, N. M. (2010). State ownership in publicly listed Chinese firms and its performance. Corporate Ownership & Control, 7(3-3), 387-401. https://doi.org/10.22495/cocv7i3c3p5