The China’s State Enterprise and Private-Owned Enterprises: which Performance is better?
With China taking its reform and opening policy, the private economy has been developed rapidly now, especially going public. It is discovered that there are two ways of entering China’s stock market: one is direct listing, the other is indirect listing. Private enterprise studies in this paper exclude stateowner economy. Since 1996 in China, the number of private listing corporations have been going increased year by year, and indirect listing has become the main form of private enterprises’ access to stock market. In the paper, the author made a substantial evidence analysis on the 53 private corporations which have entered China’s stock market by the end of 1998. By means of the SHAZAM regression test analysis, the author draws a surprising conclusion: as far as private listing companies are concerned, stateownership enterprise’s efficiency is more satisfied than private ones. This indicates that improving the management of private enterprise has already been on the agenda.
StateInterprises Private-OwnedInterprises performamce China
Sen wang
School of International BusinessJinan universityZhuhai, China
国际会议
广州
英文
1-3
2011-05-13（万方平台首次上网日期，不代表论文的发表时间）