Unpacking the patterns of corporate restructuring during China’s SOE reform
Bibliographic Data
| ID | 13119352 |
|---|---|
| Authors | Xiaojun Li (0000-0003-4832-8278, University of British Columbia, corresponding author), Jean C Oi (Stanford University) |
| Year | 2018 |
| Volume | 6 |
| Issue | 2 |
| Pages | 118-134 |
| Publication date | 2018-04-03 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Economic and Political Studies (JOURNAL) |
| Journal identifiers | ISSN: 2470-4024 • E-ISSN: 2095-4816 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/20954816.2018.1463459 |
| OpenAlex | W2804442230 |
| Language | EN |
| Citations received | 3 |
| References cited | 22 |
State-owned enterprises (SOEs) in China have undergone significant restructuring since the mid-1990s. To date, scholars have devoted considerable attention to the constraints upon and motives for corporate restructuring in China. Yet the majority of the existing studies treat restructuring as a simple ownership transfer from the state to non-state entities without considering the resulting ownership structure of the firm. Consequently, we know relatively little about why otherwise similar SOEs were restructured at different times and through different means. This study intends to fill this gap by examining the determinants of both the timing and the methods of restructuring in a unique longitudinal survey of 145 SOEs over an 11-year period. Using a competing-risks model, we demonstrate that political as well as economic factors determine the possibility, nature and speed of restructuring. In particular, we show that political constraints on employee retention increase the likelihood that a SOE will be restructured as shareholding as opposed to its ownership being directly transferred to private hands. These findings shed new light on the economic and political logic of corporate restructuring in China
Business · China · Economic reform · Economic system · Economics · Market economy · Political science · Politics · Restructuring · State (computer science · State owned · State ownership · Unpacking · Corporate Finance and Governance · International Business and FDI · Law · Political Influence and Corporate Strategies · Accounting · Finance
A Proportional Hazards Model for the Subdistribution of a Competing Risk
The Multitask Theory of State Enterprise Reform
Institutions, Institutional Change and Economic Performance
Patterns of Corporate Restructuring in China
The Illicit Asset Stripping of Chinese State Firms
Impact and Significance of State-Owned Enterprise Restructuring in China
The Impact of Economic Reform on the Performance of Chinese State Enterprises, 1980–1989
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,75 |
| Citation span | 2022 - 2026 (5) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 3 |