The Impact of Privatization on TFP: a Quasi-Experiment in China

被引：0

作者：

Wang, Xiaohua ^{[1
]}

Luo, Zhi ^{[2
,3
]}

Wang, Tianyi ^{[4
]}

Huang, Zhuo ^{[5
]}

机构：

[1] Cent Univ Finance & Econ, China Econ & Management Acad, Beijing, Peoples R China

[2] Wuhan Univ, Econ Dev Res Ctr, Wuhan, Peoples R China

[3] Wuhan Univ, Econ & Management Sch, Wuhan, Peoples R China

[4] Univ Int Business & Econ, Sch Banking & Finance, Beijing, Peoples R China

[5] Peking Univ, Natl Sch Dev, Beijing, Peoples R China

来源：

ANNALS OF ECONOMICS AND FINANCE | 2017年 / 18卷 / 01期

基金：

中国国家自然科学基金;

关键词：

Privatization; TFP; SOE; PRODUCTIVITY EVIDENCE; ENTERPRISE REFORM; LEVEL EVIDENCE; OWNERSHIP; INDUSTRY; FIRMS;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Using the data of SOEs and Non-SOEs in industrial sector of China from 1998 to 2007, we investigate the impact of privatization on TFP. We construct a difference in difference model and use propensity score method to avoid the selection bias. We use the type of enterprises registration to identify the SOEs and define the privatization. The regress results show, privatization of SOEs can improve the efficiency of enterprises significantly. Some characteristics of firms will affect the effect of privatization. Our results are robust even if we use another classification criterion of types of firms.

引用

页码：53 / 71

页数：19

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