How Does Government Ownership Affect Firm Performance? Evidence from China's Privatization Experience

By Qian Sun, Wilson H.S. Tong, Jing Tong. 2002

412 citations recorded by the source corpus.

Subfields: Accounting, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/2f2086563725ce141dc17a86e3b9b15ece4fd640

How researchers see this paper

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In Accounting

1. D. Phung
2. Anil V. Mishra
3. Yongxiang Wang
4. Yuan Ding
5. H. Hu
6. M. Tan
7. Y. Chen
8. M. N. Young

In Sociology and Political Science

1. Mei Yu
2. Hua Zhang
3. Y. Chen
4. Yongxiang Wang
5. M. N. Young
6. Yuan Ding
7. O. Tam
8. Raymond J. Fisman

Citations in the corpus

• Internal governance mechanisms and firm performance in China (2009, background): “types Chen (2001), Hovey et al. (2003), Sun, Tong, and Tong (2002) , Tian and Estrin (2008), Wei and Varela (2003), Xu and Wang (1997) Investigate the relationships between ownership types and firm performance Our study compares relative performance of different ownership types using SEM Firms cont”
• Multiple large shareholders, excess leverage and tunneling: evidence from an emerging market (2017, neutral): “This explanation appears consistent with the conclusion drawn by Cull et al. (2015) and Poncet et al. (2010) who found that credit allocation in China is driven by government intervention through state-owned banks which give preferential treatment to state owned enterprises (SOEs) compared to privat”
• Cross-border mergers and acquisitions by Chinese listed companies: A principal–principal perspective (2010, result): “By contrast, an inverted U-shaped relationship was found by other researchers (e.g., Ma & Wei, 2004; Sun, Tong, & Tong, 2002 ).”
• A New Perspective on Ownership Identities in China's Listed Companies (2006, neutral): “Yet, researchers still need to be clear on the ultimate identity of legal person shareholders (Liu and Sun, 2005; Sun et al., 2002), which our classification scheme is able to provide.”
• Ownership Structure and Firm Performance: Evidence from Vietnamese Listed Firms (2016, background): “They found 2 In Chinese context, Sun et al. (2002) and Le and Chizema (2011) found a positive relationship between state ownership and firm performance.”
• State ownership and firm performance: Empirical evidence from Chinese listed companies (2013, positive): “Further, Sun et al. (2002) examine a sample of Chinese listed firms from 1994 to 1997 and conclude that state equity ownership has an inverted U-shaped or concave relationship with market performance.”
• The value of government ownership during the global financial crisis (2017, background): “The impact of government ownership on firm value during a crisis is likely to depend on the quality of the institutional environment in which the firm operates. Weak institutions and poor investor protection make it easier for any controlling shareholder to expropriate firm value. For example, Rende”
• The Impact of Capital Structure on Firm Performance: Evidence from Vietnam (2020, neutral): “…& Tang, 2008; Liao and Young, 2012; Xu & Wang, 1999; Saad, 2010) or an inverse U-shape effect of government ownership on firm performance (Sun, Tong, & Tong, 2002), while some studies present a negative effect (Chen, Chen, Lin, & Zhong, 2005; Lin, Ma, & Su, 2009; Qi, Wu, & Zhang, 2000;…”
• Ownership Structure, Corporate Governance and Company Performance in China (2007, background): “Interestingly, Sun et al. (2002), and Ma & Wei (2004) report an inverted U-shaped relationship between proportion of state share and corporate performance.”