Firm performance, government regulation, and managerial effort: evidence from China

Wu, D. and Wu, Z. ORCID: 0000-0002-1707-0238, 2021. Firm performance, government regulation, and managerial effort: evidence from China. Strategic Change, 30 (6), pp. 527-537. ISSN 1086-1718

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Using most recent data from the World Bank Enterprise Survey for China, this research shows that ownership structure has a significant impact on firm performance and firm characteristics. Our results show the importance of getting to grips with government regulation, as the time spent by senior management dealing with government regulation is the most significant independent variable. Another key finding of this paper is that China has very good economic institutions that are conductive to doing business. It is far easier to conduct business in China than the other BRIC countries. We conclude that partial privatisations of SOEs on its own is unlikely to bring huge gains in efficiency. Reforms must also include better incentives and monitoring of management. Our findings are robust and consistent to various controls, alternative measures of firm performance, and different estimation methods including quantile regression.

Item Type: Journal article
Publication Title: Strategic Change
Creators: Wu, D. and Wu, Z.
Publisher: Wiley
Date: November 2021
Volume: 30
Number: 6
ISSN: 1086-1718
Divisions: Schools > Nottingham Business School
Record created by: Jeremy Silvester
Date Added: 01 Dec 2021 11:56
Last Modified: 01 Nov 2023 03:00

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