Shareholding structure and corporate performance of partially privatized firms: Evidence from listed Chinese companies

By D. Qi, Wo-dong Wu, Hua Zhang. 2000

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Ownership Structure, Corporate Governance and Company Performance in China (2007, background): “Xu & Wang (1999), Qi et al. (2000), Sun & Tong (2003), and Wang (2003) report that a firm’s performance is significantly negatively related to the proportion of state-owned shareholding.”
China share issue privatization: the extent of its success (2003, background): “As shown in the appendix of Qi et al. (2000), FAW Jinbei Automotive had 28.8% A shares, 7.6% state shares, and 63.6% legal-person shares in 1996.”
Debt Maturity Structure of Chinese Companies (2008, neutral): “14 For a detailed analysis of corporate ownership structure in China, see Gul (1999) and Qi et al. (2000), among others.”
Have China's enterprise reforms led to improved efficiency and profitability? (2006, neutral): “In previous studies of firms’ performance changes (Chen et al., 1998; Qi et al., 2000; Sun and Tong, 2003; Wang, 2005; Wei et al., 2003; Xu and Wang, 1998) researchers used a simple breakdown of ownership type that followed the legal classification of the shares.”
Corporate Governance in Asia: A Survey (2002, background): “Qi, Wu, and Zhang (2000) report for a sample of listed companies in China that performance is positively related to the proportion of shares held by legal persons (institutions or corporate investors) but negatively related to that held by the state.”