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来源类型Working Paper
规范类型报告
DOI10.3386/w28170
来源IDWorking Paper 28170
The Rise of State-Connected Private Owners in China
Chong-En Bai; Chang-Tai Hsieh; Zheng Michael Song; Xin Wang
发表日期2020-12-07
出版年2020
语种英语
摘要We use administrative registration records with information on the owners of all Chinese firms to document their connections through equity investments. We show that the largest private owners have direct equity ties with state owners, the next largest private owners have equity ties with private owners that themselves have equity ties with state owners, and the smallest private owners do not have any ties with state owners. The network of “state-connected” private owners has expanded over the last two decades. The share of registered capital of “state-connected” private owners increased by almost 20 percentage points between 2000 and 2019.
主题Macroeconomics ; International Economics ; Other ; Economic Systems
URLhttps://www.nber.org/papers/w28170
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/585844
推荐引用方式
GB/T 7714
Chong-En Bai,Chang-Tai Hsieh,Zheng Michael Song,et al. The Rise of State-Connected Private Owners in China. 2020.
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