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Ownership reform among state firms in China and its implications
论文作者：Ji Li, Kevin Lam, Jane W. Moy论文属性：学术文章 Scholarship Essay登出时间：2008-12-18编辑：点击率：2531
论文字数：10000论文编号：org200812181658393887语种：英语 English地区：中国价格：$ 22
关键词：Public sector organizationsBusiness performanceChina Paper type Research paper
Abstract
Purpose – To test the effects of ownership structure on the strategy and performance of former
state-owned enterprises (SOEs) in China.
Design/methodology/approach – Based on a sample of the former state-owned manufacturing
firms listed on the Chinese Stock Exchanges before 1995, we study the ownership effects on firms’
diversification strategies and their performances.
Findings – Diversifiers actually have a lower level of state ownership. However, firms’ financial
performance and other performance dimensions such as new product development and overseas
investment are actually better for single-product producers. Hence, firms with lower state-ownership
tend to be more likely to pursue unrelated diversifications.
Research limitations/implications – The study uses a cross-sectional design, which makes it
difficult to assess the causality of the variables and to study the changes of firm behavior over the
years.
Practical implications – The results highlight the need for the improvement of control system in
transitional economy such as China before embarking on ownership changes. Without the changes in
the control systems, the ownership reform alone seems insufficient to improve the performance of the
former SOEs.
Originality/value – This study provides evidence on the effect of ownership control, diversification
strategy and performance on formerly SOEs in China. It has important policy implications for
reformers in the developing economies engaging in privatizing their SOEs.
Keywords Public sector organizations, Business performance, China
Paper type Research paper本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。
Purpose – To test the effects of ownership structure on the strategy and performance of former
state-owned enterprises (SOEs) in China.
Design/methodology/approach – Based on a sample of the former state-owned manufacturing
firms listed on the Chinese Stock Exchanges before 1995, we study the ownership effects on firms’
diversification strategies and their performances.
Findings – Diversifiers actually have a lower level of state ownership. However, firms’ financial
performance and other performance dimensions such as new product development and overseas
investment are actually better for single-product producers. Hence, firms with lower state-ownership
tend to be more likely to pursue unrelated diversifications.
Research limitations/implications – The study uses a cross-sectional design, which makes it
difficult to assess the causality of the variables and to study the changes of firm behavior over the
years.
Practical implications – The results highlight the need for the improvement of control system in
transitional economy such as China before embarking on ownership changes. Without the changes in
the control systems, the ownership reform alone seems insufficient to improve the performance of the
former SOEs.
Originality/value – This study provides evidence on the effect of ownership control, diversification
strategy and performance on formerly SOEs in China. It has important policy implications for
reformers in the developing economies engaging in privatizing their SOEs.
Keywords Public sector organizations, Business performance, China
Paper type Research paper本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。
英国
澳大利亚
美国
加拿大
新西兰
新加坡
香港
日本
韩国
法国
德国
爱尔兰
瑞士
荷兰
俄罗斯
西班牙
马来西亚
南非
