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Ownership transformation, firm performance and manufacturing growth in China

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  • Wei Wei
  • Jianmin Tang

Abstract

Many commentators and researchers have attributed the manufacturing success in China to its ownership reforms. Using a micro database from the Chinese National Bureau of Statistics, this paper documents and quantifies this development. With systematic and robust analyses, it shows that the development of private ownership indeed played an essential role in improving firm performance and the allocation and utilization of production resources in the Chinese manufacturing sector. In addition, the paper estimates the contributions of firms under different ownership to manufacturing growth, showing that the development of private ownership was the driving force of manufacturing growth in China. The strong credible evidence has important policy implications for further maintaining sustainable development in China.

Suggested Citation

  • Wei Wei & Jianmin Tang, 2019. "Ownership transformation, firm performance and manufacturing growth in China," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 27(2), pages 475-496, February.
    • Handle: RePEc:wly:ectrin:v:27:y:2019:i:2:p:475-496
    DOI: 10.1111/ecot.12190
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    References listed on IDEAS

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    2. , Aisdl, 2020. "Determining factors of financial performance of agricultural listed companies in China," OSF Preprints zc98p, Center for Open Science.
    3. Xiaoli Hao & Xinhui Wang & Haitao Wu & Yu Hao, 2023. "Path to sustainable development: Does digital economy matter in manufacturing green total factor productivity?," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(1), pages 360-378, February.

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