【作者单位】a School of Economics and Management, Tongji University, Shanghai 200092, China◆ b College of Business Administration, University of Rhode Island, Kingston, RI 02881, USA◆ c Guanghua School of Management, Peking University, Beijing 100871, China
【年份】2013
【卷号】Vol.45No.14
【页码】1857-1867
【关键词】privatization controlling rights transfer expropriation Chinese economy
【摘要】 This article investigates the effect of the second step of privatization in China, which is full privatization through controlling rights transfer after share issue partial privatization. It finds that fully privatized firms perform worse than state-...
