HOW MUCH DOES OWNER TYPE MATTER FOR FIRM PERFORMANCE? MANUFACTURING FIRMS IN CHINA 1998-2007

• 成果类型: Article
• 署名作者: Xia, Fan; Walker, Gordon
• 署名单位: Universite de Rennes; ESC Rennes School of Business; Southern Methodist University
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.2233
• 发表日期: 2015
• 页码: 576-585
• 关键词: competitive heterogeneity; Firm ownership; variance decomposition; CHINA; Emerging markets

摘要

Who owns the firm (the state, private ownership, foreign investors) has long been an important topic for research on organizations. This paper estimates how much ownership contributes to firm performance, compared to other factors, including industry, region, firm size, year, and the firm itself. The data are on manufacturing firms in mainland China from 1998 to 2007. We find that the effect of owner type is significant and pervasive across regions and interacts with both geography and time, reflecting China's decentralized system and the strong trend in privatization. Copyright (c) 2014 John Wiley & Sons, Ltd.