China's Secondary Privatization: Perspectives from the Split-Share Structure Reform

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Differences in herding: Individual vs. institutional investors (2017, neutral): “…and using the change in volume helps remove any time trend that may exist in volume more information about the split-share structure reform, please see Firth et al. (2010) and Liao et al. (2014). r the sample period, the average percentage of no-institutional-trading days for small stocks (17.37”
The real effect of partial privatization on corporate innovation: Evidence from China's split share structure reform (2020, methodology): “Liao et al. (2014) show that the expectation of further privatization generated by the reform positively affects the profitability and governance of SOEs.”
Recasting the Iron Rice Bowl: The Reform of China's State-Owned Enterprises (2017, methodology): “(2011), Fan, Morck, and Yeung (2011), Hsieh and Song (2015), Kato and Long (2006), Liao et al. (2014), and Sun and Tong (2003).”
State ownership and firm performance: Empirical evidence from Chinese listed companies (2013, neutral): “Liao et al. (2012) find significant improvements in listed SOEs’ outputs, profitability, employment, productive efficiency, and governance after the reform.”
Multiple large shareholders, excess leverage and tunneling: evidence from an emerging market (2017, neutral): “This is consistent with the extensive prior literature such as Jiang et al. (2010); Liu and Tian (2012); and Liao et al. (2014).”