China share issue privatization: the extent of its success

By Qian Sun, W. Tong. 2003

1,009 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/886ea1f3d361e824d69df5f57509a8b28470b1a5

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Citations in the corpus

A Model of China's State Capitalism (2015, neutral): “…structure seems to have received 4There exists abundant empirical evidence that productivities and investment e¢ ciency of SOEs are lower than that of non-SOEs; see e.g., Sun and Tong (2003) and Dollar and Wei (2007), Liu and Siu (2011), Brandt, Hsieh, and Zhu (2008), and Cao and Liu (2011).”
Share reform and the performance of China's listed companies (2008, background): “The variables Tradable, (State+LP)/Nontradable and Concentration will be elaborated upon in section 4.2.”
Politically-Connected CEOs, Corporate Governance and Post-IPO Performance of China's Partially Privatized Firms (2014, background): “The decline in accounting performance of the IPO firms in China is consistent with data reported by Aharony, Lee, and Wong (2000) and Sun and Tong (2003) .”
Firm Profitability, State Ownership, and Top Management Turnover at the Listed Firms in China: A Behavioral Perspective (2009, positive): “These findings provide direct support for the argument that state ownership weakens corporate governance quality at partially privatized firms (Sun and Tong, 2003; Gupta, 2005).”
Anti-Corruption Reforms and Shareholder Valuations: Event Study Evidence from China (2016, positive): “This second best may well generate very suboptimal resource allocation, but eliminating corruption without establishing market institutions may render resource allocation even worse (Murphy et al. 1992; Shleifer and Vishny 1993).”
Ownership structure and innovation: An emerging market perspective (2013, background): “Second, as one of the most often used datasets for studying Chinese listed corporations (Sun & Tong, 2003), the GTA dataset provides detailed information on financial performance, ownership, corporate governance, and transaction history.”
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”
China's Secondary Privatization: Perspectives from the Split-Share Structure Reform (2014, positive): “Whereas the initial SIP during the 1990s received extensive research attention (Bai, Li, and Wang, 1997; Lin, Cai, and Li, 1998; Lin, 2000; Sun and Tong, 2003), China’s secondary privatization has not been studied comprehensively, even though it had long been predicted that the reform would bring su”
How Does Privatization Work in China (2009, background): “There are other types of restructuring and privatization in China, such as share-issuing privatization (Sun and Tong, 2003; Wang, Xu and Zhu, 2004), shareholding ownership (Jefferson and Su, 2005), and privatization of township and village enterprises (Li and Rozelle, 2000).”
China's national innovative capacity (2008, background): “It is also worth noting that while the private sector exerts a critical influence on innovative capacity and efficiency in the recent period, the innovative efficiency in the state-owned enterprises has diminished; this could correspond to the fact that between one-third and two-thirds of state-owne”
A New Perspective on Ownership Identities in China's Listed Companies (2006, neutral): “It distinguishes between three dominant groups of shareholders - state, legal person and tradable A - each of which holds approximately 30% of the total stock in these listed companies (Sun and Tong, 2003).”