The Transformative Effects of Privatization in China : A Natural Experiment Based on Politician Career Concern (English)

The serious implications of privatizing state-owned enterprises for politicians, managers, and investors make such decisions highly contingent on firm characteristics and past performance, complicating the identification of the privatization effects. A unique opportunity for this identification arises from a rule of promotion of local politicians based on age requirements in China. This paper finds that Chinese cities whose top officials were older...

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Author

Huang,Zhangkai;

Liu,Jinyu;

Ma,Guangrong;

Xu,Lixin;
Document Date
2020/05/28
Document Type
Policy Research Working Paper
Report Number
WPS9261
Volume No
1
Total Volume(s)
1
Country
China,
Region
East Asia and Pacific,
Disclosure Date
2020/05/29
Disclosure Status
Disclosed
Doc Name
The Transformative Effects of Privatization in China : A Natural Experiment Based on Politician Career Concern
Keywords
Privatization

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Huang,Zhangkai; Liu,Jinyu; Ma,Guangrong; Xu,Lixin.

The Transformative Effects of Privatization in China : A Natural Experiment Based on Politician Career Concern (English). Policy Research working paper|no. WPS 9261 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/684771590713191603

The Transformative Effects of Privatization in China : A Natural Experiment Based on Politician Career Concern (English)

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