Does Group Affiliation Improve Firm Performance?: The Case of Chinese State-Owned Firms

Yu Hanjun, H. van Ees, B.W. Lensink

Research output: Contribution to journalArticleAcademicpeer-review

9 Citations (Scopus)

Abstract

This paper analyses the performance of state-owned business groups in China. Group affiliation can be important for economic policy evaluation since the Chinese government promotes the formation of business groups as a first step in the process of reforming state enterprises into modern corporations. The analysis applies a range of econometric techniques to a sample of 657 Chinese state-owned firms in 2005 and shows that group affiliation has a robust positive effect on performance. Group affiliation may in this respect provide a successful alternative to large-scale privatisation
Original languageEnglish
Pages (from-to)1615-1632
JournalJournal of Development Studies
Volume45
Issue number10
DOIs
Publication statusPublished - 2009

Keywords

  • business groups
  • emerging markets
  • transition
  • governance
  • economy
  • growth

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