This paper assess the employment consequences of FDI on state-owned enterprises (SOEs) in Urban China, with the aid of instrumental variables quantile regression technique based on a rich panel data set from recent years. It documents evidence that foreign participation at the level of the firm enhances the growth prospects of the more dynamic SOEs only. Furthermore, sector level FDI and export...

The rapid economic growth of China features boom of the non-state sector and relative stagnancy of the state-owned enterprises (SOEs). These macro statistics themselves do not justify the popular belief that non SOEs will definitely continue to outperform SOEs and that accordingly SOEs should be transferred to other types of ownership as soon as possible. The performances of both economic secto...

There are two schools of thoughts on the important issue of reforming state-owned enterprises (SOEs). We call them the ownership school and the management school. The ownership school argues that the key to the reform is to diversify SOEs’ ownership, including privatization, in order to eliminate government control of SOEs. The management school emphasizes the need to improve government’s manag...

The increasing speed of globalisation has created both opportunities and challenges to many transitional economies. This paper analyses the impact of foreign direct investment (FDI) on the productivity of the State-Owned Enterprises (SOEs) and concludes that SOE reform is inevitable. The SOEs’ obligations to provide social welfare should be removed to enable them to compete on an equal footing ...

Business groups organized by pyramids enable the ultimate shareholders to control a portfolio of firms with less cash requirement. Further, corporate pyramid induces an internal capital market and makes capital transfer more convenient within the pyramid. In China, the state and business groups control a large number of listed firms through pyramidal ownership structure. What role does the corp...

This paper examines the effect of state control and ownership structure on the leverage decision of firms listed in the Chinese stock market. Our results show that state-owned enterprises (SOEs) have higher leverage ratios than non-SOEs, and SOEs in regions with a poorer institutional environment have higher leverage ratios than SOEs in better regions. We also show that the largest shareholding...

All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission, provided that full acknowledgement is given. Township and Village Enterprises (TVEs) have played a significant role in the growth of the Chinese economy since the economic reforms of 1978. This paper analyses the productive efficiency of a cross section of TVEs in the manufactur...

The coexistence of the government sector, state-owned enterprises (SOEs), and private sector provides a natural setting to examine the impact of economic reform in Vietnam on gender earning differentials. The three sectors reflect different degrees of influence of the Socialist ideology, with the private sector most liberalised. Have women fared better during the transition into a market econom...

This study explores the differences in pollution control performances of industrial enterprises with various ownerships in China – State owned (SOE), collectively or community owned (COE), privately owned (POE), foreign directly invested (FDI) companies as well as joint ventures. A survey was conducted of approximately 1000 industrial firms in three provinces in China, which collects the detail...

Abstract This paper proposes methods to incorporate firm heterogeneity in the standard IO-table based approach to portray the domestic segment of global value chains in a country. Using Chinese firm census data for both manufacturing and service sectors, along with constrained optimization techniques, we split the conventional IO table into sub-accounts, which are used to estimate direct and in...