全球智库信息集成服务系统(G2TT): State ownership and corporate performance: A quantile regression analysis of Chinese listed companies.

G2TT

来源类型	Article
规范类型	其他
DOI	10.1016/j.chieco.2009.05.006
	State ownership and corporate performance: A quantile regression analysis of Chinese listed companies.
	Li T; Sun L; Zou L
发表日期	2009
出处	China Economic Review 20 (4): 703-716
出版年	2009
语种	英语
摘要	This study assesses the impact of government shareholding on corporate performance using a sample of 643 non-financial companies listed on the Chinese stock exchanges. In view of the controversial empirical findings in the literature and the limitations of the least-squares regressions, we adopt the method of quantile regression and report a robust and significant negative relation between government shareholding and corporate performance among, and only among, the more profitable firms. This new finding, which the conditional mean-focused regressions do not capture, suggests that while Chinese government still exerts influences on the performance of these partially privatized firms, the relationship parameter changes across quantiles of the distribution of performance variables.
主题	Modeling Land-Use and Land-Cover Changes (LUC)
关键词	State ownership Corporate performance China Quantile regression
URL	http://pure.iiasa.ac.at/id/eprint/8858/
来源智库	International Institute for Applied Systems Analysis (Austria)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/128985
推荐引用方式 GB/T 7714	Li T,Sun L,Zou L. State ownership and corporate performance: A quantile regression analysis of Chinese listed companies.. 2009.