We extend the current empirical literature on privatization by exploring the effect of ultimate privatization on the performance of Chinese listed companies. Ultimate privatization is defined as the incidence of transferring the ultimate control of a state-owned company from the government to private owners. Using a sample of 127 Chinese listed companies that have had controlling blocks transfe...

Widely-dispersed assets such as buildings, equipment, roads and bridges present local governments as well as big organizations with a number of asset management challenges. Recently financial sustainability and competitiveness have put more pressures on owner/managers to minimize asset total cost of ownership and streamline their asset management operations. In general asset management operatio...

This paper is concerned with what the state buys and in particular the decision to shift from conventional government purchase and ownership of assets toward public-private partnerships, i.e. purchase of final services, leaving the private sector supplier to design, build and own the assets. The approach emphasizes the information and contractual nature of the problem, rather than residual cont...

The Current State of the Debate privatization of infrastructure in many developing countries has spawned new critiques of Mary Shirley privatization. How do theory Patrick Walsh and empirical evidence answer the much-debated questions, Which is more important to performance, competition or private ownership? Are state enterprises more subject to welfare-reducing interventions by government than...

There has been less controversy over the ownership of care provider agencies, but interest has grown over the last decade. State and Territory governments claim different views but all have transferred work to the private sector, ranging from outsourcing of particular functions (like cleaning) to complete privatisation – where a private company builds, owns and operates a facility serving mainl...

In pursuing the current housing policies, the government continues to focus on the needs of socially vulnerable people, making the new emphasis on resolving the housing problems of the bulk of working people who have middle income, savings, and homes in ownership after free privatization. The principal solution for these people is long-term mortgage lending, and this Concept reviews the possibi...

Scholars have proffered a number of theoretical explanations for the phenomenon that corporate ownership is diffuse in some countries and highly concentrated in others. One explanation, the social democracy theory, holds that leftist ideology weakens a variety of corporate governance mechanisms and thus prevents the separation of ownership from control in social democracies, where leftist ideol...

ISSUES ADDRESSED Active travel can increase population levels of physical activity, but should be promoted equitably. Socio-economic advantage, housing location and/or car ownership influence walking and cycling (active travel) for transport. We examined active commuting over time in the Sydney Greater Metropolitan Region, and associations between active commuting and socioeconomic advantage, u...

Since the economic transition, manufacturing in China has undergone profound changes not only in number of enterprises, but also in ownership structure and intra-urban spatial distribution. Investigating the changing manufacturing landscape from the perspective of ownership structure is critical to a deep understanding of the changing role of market and government in re-shaping manufacturing lo...

This paper reviews recent empirical evidence on the effects of hospital ownership conversions on quality of care and provision of public goods, such as uncompensated care, and presents new results on these topics based on hospital discharge data from the Healthcare Cost and Utilization Project’s (HCUP) Nationwide Inpatient Sample. My analysis of these data reveals that conversion from governmen...