Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 李宏彬教授 (经济学系) |
全文
| 数位物件识别号 (DOI) http://dx.doi.org/10.1093/jleo/ewi022 |
引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/17WOS source URL
其它资讯
摘要Drawing on a unique dataset we collected in 1998 and 2000, this article examines the determinants of privatization of township and village enterprises in China. Our theoretical model explicitly considers the role of banks in determining privatization. We find that improved human capital and incentives of bank managers as well as deteriorating bank liquidity lead to privatization. We also analyze the conditions under which shutdown might be preferred to privatization as a method to divest of government-owned firms. We find empirical evidence that is consistent with our model's predictions.
着者Brandt L, Li HB, Roberts J
期刊名称Journal of Law, Economics, and Organization
出版年份2005
月份10
日期1
卷号21
期次2
出版社OXFORD UNIV PRESS INC
页次524 - 546
国际标準期刊号8756-6222
电子国际标準期刊号1465-7341
语言英式英语
Web of Science 学科类别Business & Economics; Economics; ECONOMICS; Government & Law; Law; LAW
