Ownership Structure and Firm Value in China's Privatized Firms: 1991-2001

By Zuobao Wei, Feixue Xie, Shaorong Zhang. 2005

548 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/11c0f21c74a5afcc0e3458e9944b6b24238d3b99

How researchers see this paper

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In Accounting

1. Gary Gang Tian
2. Wenxuan Hou
3. Michael Firth
4. Yuan George Shan
5. T. Wong
6. Dean Xu
7. Liping Xu
8. Qian Gu

In Economics and Econometrics

1. Jun Xia
2. Dean Xu
3. Ron P. McIver
4. D. Phung
5. T. Wong
6. Michael Firth
7. Yizhe Dong
8. Chunyan Liu

Citations in the corpus

• Ownership Structure and Firm Performance: Evidence from Vietnamese Listed Firms (2016, background): “Wei et al. (2005) showed that the relationship between state ownership and Tobin’s Q is significantly convex.”
• State ownership and firm performance: Empirical evidence from Chinese listed companies (2013, unknown): “Panel A of Table 2 shows the data from 1991 to 2001 as a summary of the statistics from a study by Wei et al. (2005). We can clearly see the development of the Chinese PLCs and the state ownership percentages since 1991. The number of Chinese PLCs included in the study by Wei et al. (2005) begins at”
• Ownership Structure and Risk-Taking: Comparative Evidence from Private and State-Controlled Banks in China (2014, background): “In addition, some studies in the literature argue that ownership concentration above a certain level would allow larger shareholders to become entrenched and expropriate the wealth of minority shareholders (e.g., Chen et al., 2006; Wei et al., 2005; Loderer and Martin, 1997; Gul et al., 2010).”
• China's 'Mercantilist' Government Subsidies, the Cost of Debt and Firm Performance (2018, unknown): “Wei et al. (2005) document a negative association between state ownership (SOE) and firm value.”
• Corporate governance mechanisms and financial performance in China: panel data evidence on listed non financial companies (2011, methodology): “These are: (1) state shares; (2) legal person shares; (3) employee shares; (4) domestic minority shares; and (5) foreign institutional and/or investors shares (Sun and Tong 2003, Wei et al. 2005, Firth et al. 2007, Wei 2007).”