The role of the state, ownership structure, and the performance of real estate firms in China

Wei Huang, Agyenim Boateng

    Research output: Contribution to journalArticlepeer-review

    Abstract

    Prior studies suggest that high levels of state ownership are related to poor performance of listed companies in China. As a result, privatization has become an important tool to revitalize the under-performing state-owned companies. We have therefore witnessed a continuous decline in the state shareholding over the past decade as a result of the ongoing economic reforms. In this article, we examine the role of state ownership in real estate sector to find out whether shrinking state ownership in a strategically important sector like real estate impact on performance.
    Original languageEnglish
    Pages (from-to)847-859
    Number of pages13
    JournalApplied Financial Economics
    Volume23
    Issue number10
    Early online date20 Mar 2013
    DOIs
    Publication statusPublished - 2013

    Keywords

    • China
    • real estate
    • state ownership

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