State-owned enterprises (SOEs) are important components of the Chinese economy.
Although SOEs are generally considered inefficient in operations, China's economy, which …

内容提要: 1978 年以来, 中国工业在持续的结构改革中经历了强劲的增长和生产率水平的不断
提高. 本文估算了工业分行业随机前沿生产函数, 发现1992 年后, TFP 增长超过了要素投入增长 …

Hayek (1945) argues that local information is key to understanding the efficiency of
alternative economic systems and whether production should be centralized or …

Empirical research has called for intensive use of disaggregated data. One of the most
heavily used data set in studying the corporate behavior and performance in China is …

Although state-owned enterprises (SOEs) have long been criticized for being inefficient, they
play a vital role in realizing social welfare including the improvement of environmental …

The reform of China's state-owned enterprises (SOEs) has been characterized by a gradual
and selective approach. In fact there was no privatization at all until the mid-1990s, some 15 …

Despite the massive privatization of state-owned enterprises (SOEs) in China, its impact on
firm innovation remains poorly understood. Prior literature fails to capture some significant …

China's industry has experienced robust growth under persistent structural reform since
1978. By estimating the stochastic frontier sectoral production function, we find that the TFP …

This study investigates the impact of government controlling ownership on the cost of debt of
Chinese listed corporations. We find that corporations under government control have a …

Using a new and unique dataset of Chinese private firms, this paper explores how private
firms access bank loans to finance innovative activities. The results reveal that political …