Determinants of state equity ownership, and its effect on value/performance: China's privatized firms

By Alex Ng, A. Yuce. 2009

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CEO gender, executive compensation and firm performance in Chinese‐listed enterprises (2013, background): “The first of which is a firm's return-on-assets (ROA), configured as the ratio of net profit to total assets (Wang et al., 2004; Ng et al., 2009).”
State ownership and firm performance: Empirical evidence from Chinese listed companies (2013, unknown): “However, Ng et al. (2009) and Hess et al. (2010), who examine Chinese listed firms from 1996 to 2003 and 2000 to 2004, respectively, both find a convex relationship between state ownership and market performance.”
Ownership Structure and Firm Performance: Evidence from Vietnamese Listed Firms (2016, background): “The convex relationship between state ownership and firm performance is consistent with other studies (Wei & Varela, 2003; Ng et al., 2009; Yu, 2013).”
The Impact of Capital Structure on Firm Performance: Evidence from Vietnam (2020, unknown): “…(Chen, Chen, Lin, & Zhong, 2005; Lin, Ma, & Su, 2009; Qi, Wu, & Zhang, 2000; Wei, 2007) or a U-shape of state ownership on firm performance (Gunasekarage, Hess, & Hu, 2007; Hess, Gunasekarage, & Hovey, 2010; Ng, Yuce, & Chen, 2009; Tian & Estrin, 2008; Wei & Varela, 2003; Wei, Xie, & Zhang, 2005).”