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State ownership and firm performance: Evidence from the Chinese listed firms

  • Trien Le
  • Amon Chizema
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    Article provided by Faculty of Economics, Vilnius University in its journal Organizations and Markets in Emerging Economies.

    Volume (Year): 2 (2011)
    Issue (Month): 2 ()

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    Handle: RePEc:vul:omefvu:v:2:y:2011:i:2:id:119
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    20. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    21. Lihui Tian & Saul Estrin, 2005. "Retained State Shareholding in Chinese PLCs: Does Government Ownership Reduce Corporate Value?," William Davidson Institute Working Papers Series wp750, William Davidson Institute at the University of Michigan.
    22. Gajewski, Jean-Francois & Ginglinger, Edith & Lasfer, Meziane, 2007. "Why do companies include warrants in seasoned equity offerings?," Journal of Corporate Finance, Elsevier, vol. 13(1), pages 25-42, March.
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    24. Qi, Daqing & Wu, Woody & Zhang, Hua, 2000. "Shareholding structure and corporate performance of partially privatized firms: Evidence from listed Chinese companies," Pacific-Basin Finance Journal, Elsevier, vol. 8(5), pages 587-610, October.
    25. Trevor Buck & Xiaohui Liu & Rodion Skovoroda, 2008. "Top executive pay and firm performance in China," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 39(5), pages 833-850, July.
    26. Grinblatt, Mark S. & Masulis, Ronald W. & Titman, Sheridan, 1984. "The valuation effects of stock splits and stock dividends," Journal of Financial Economics, Elsevier, vol. 13(4), pages 461-490, December.
    27. Josef C. Brada, 1996. "Privatization Is Transition--Or Is It?," Journal of Economic Perspectives, American Economic Association, vol. 10(2), pages 67-86, Spring.
    28. Jeffry M. Netter & William L. Megginson, 2001. "From State to Market: A Survey of Empirical Studies on Privatization," Journal of Economic Literature, American Economic Association, vol. 39(2), pages 321-389, June.
    29. Smirlock, Michael & Gilligan, Thomas & Marshall, William, 1984. "Tobin's q and the Structure-Performance Relationship," American Economic Review, American Economic Association, vol. 74(5), pages 1051-60, December.
    30. Lummer, Scott L. & McConnell, John J., 1989. "Further evidence on the bank lending process and the capital-market response to bank loan agreements," Journal of Financial Economics, Elsevier, vol. 25(1), pages 99-122, November.
    31. Xu, Xiaonian & Wang, Yan, 1999. "Ownership structure and corporate governance in Chinese stock companies," China Economic Review, Elsevier, vol. 10(1), pages 75-98.
    32. Jin Jia & Qian Sun & Wilson H.S. Tong, 2005. "Privatization Through an Overseas Listing: Evidence from China’s H-Share Firms," Financial Management, Financial Management Association, vol. 34(3), Fall.
    33. Kevin Zheng Zhou & David K Tse & Julie Juan Li, 2006. "Organizational changes in emerging economies: drivers and consequences," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 37(2), pages 248-263, March.
    34. Langnan Chen & Steven Li & Weibin Lin, 2007. "Corporate governance and corporate performance: some evidence from newly listed firms on Chinese stock markets," International Journal of Accounting, Auditing and Performance Evaluation, Inderscience Enterprises Ltd, vol. 4(2), pages 183-197.
    35. Wei, Zuobao & Varela, Oscar, 2003. "State equity ownership and firm market performance: evidence from China's newly privatized firms," Global Finance Journal, Elsevier, vol. 14(1), pages 65-82, May.
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