State ownership in publicly listed Chinese firms and its performance

Ji LI*, Guiyao Tang, Amy Y Y CHEN, Nick M. Yan

*Corresponding author for this work

    Research output: Contribution to journalJournal articlepeer-review


    Based on research, we studied the state ownership in publicly listed Chinese firms, and develop an empirical test of the relationship between state ownership and firm performance. We demonstrate the importance of some unique Chinese factors to understanding organizational behavior in China. The study indicates that the predictive validity of Western theories could be improved by taking into account the effects of fief-specific factors. We propose hypotheses that are relevant to this issue, and test them with empirical data collected from formerly state-owned firms in China's manufacturing industries. The results support the hypothesized effects of fief-specific factors. The paper concludes with a discussion of the theoretical and practical implications of the research findings.

    Original languageEnglish
    Pages (from-to)387-402
    Number of pages16
    JournalCorporate Ownership and Control
    Issue number3 D
    Publication statusPublished - 2010

    Scopus Subject Areas

    • Business, Management and Accounting(all)

    User-Defined Keywords

    • China
    • Firm performance
    • State ownership


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