| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25475 |
| 来源ID | Working Paper 25475 |
| Can a Tiger Change Its Stripes? Reform of Chinese State-Owned Enterprises in the Penumbra of the State | |
| Ann Harrison; Marshall Meyer; Peichun Wang; Linda Zhao; Minyuan Zhao | |
| 发表日期 | 2019-01-21 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | The majority of state-owned enterprises (SOEs) in China were privatized through ownership reforms over the last two decades. Using a comprehensive dataset of all medium and large enterprises in China between 1998 and 2013, we show that privatized SOEs continue to benefit from government support relative to private enterprises. Compared to private firms that were never state-owned, privatized SOEs are favored by low interest loans and government subsidies. These differences are more salient with the Chinese government’s trillion-dollar stimulus package introduced after the 2008 global financial crisis. Moreover, both SOEs and privatized SOEs significantly under-perform in profitability compared to private firms. Nevertheless there are clear improvements in performance post-privatization. The tiger can change its stripes; however, the government’s behavior seems to be sticky. |
| 主题 | Industrial Organization ; Nonprofits ; Development and Growth ; Innovation and R& ; D ; Other ; Economic Systems |
| URL | https://www.nber.org/papers/w25475 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 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/583149 |
| 推荐引用方式 GB/T 7714 | Ann Harrison,Marshall Meyer,Peichun Wang,et al. Can a Tiger Change Its Stripes? Reform of Chinese State-Owned Enterprises in the Penumbra of the State. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w25475.pdf（1006KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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