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.
- real estate
- state ownership
Huang, W., & Boateng, A. (2013). The role of the state, ownership structure, and the performance of real estate firms in China. Applied Financial Economics, 23(10), 847-859. https://doi.org/10.1080/09603107.2013.770121