Academy of Management Journal, 45, 565–575 Gordon, R. H., & Li., W. (2003). Government as a discriminating monopolist in the financial market: The case of China. Journal of Public Economics, 87, 283–312.
- Aguilera, V. R., & Jackson, G. (2003). The cross-national diversity of corporate governance: dimensions and determinants. Academy of Management Review, 28, 447–465.
Paper not yet in RePEc: Add citation now
Aharony, J., Lee, C.W.J., & Wong, T. J. (2000). Financial packaging of IPO firms in China. Journal of Accounting Research, 38, 103–126.
Allen, F. and Michaely, T. (2003). Payout policy, in G.M. Constantinidis, M. Harris and R.M. Stulz, (eds.) Handbook of the Economics of Finance, Vol 1, Chap7, 337–429.
Allen, F., Qian, J., & Qian, M. (2005). Law, finance, and economic growth in China. Journal of Financial Economics, 77: 57–116.
Ang, J. S., Cole, R. A., & Lin, J. W. (2000). Agency costs and ownership structure. Journal of Finance, 55, 81–106.
Baer, H. L., & Gray, C. W. (1995). Debt as a control device in transitional economies: the experiences of Hungary and Poland, Working Paper No. 1480, World Bank.
- Boycko, M., Shleifer, A., & Vishny, R. W. (1996). A theory of privatization. Economic Journal, 106, 309–319.
Paper not yet in RePEc: Add citation now
Brada, J. C. (1996). Privatization is transition – or is it? Journal of Economics Perspective, 10, 67– 86.
Brickley, J. A. (1983). Shareholder wealth, information signalling, and the specially designated dividend. Journal of Financial Economics, 12, 187–209.
- Broadman, H. G. (1999). The Chinese state as corporate shareholder. Finance and Development, 36, 52–55.
Paper not yet in RePEc: Add citation now
Buck, T.W., Liu, X., & Skovoroda, R. (2008). Top executive pay and firm performance in China. Journal of International Business Studies, 39, 833–850.
Cao, Y., Qian, Y., & Weingast, B. R. (1999). From federalism, Chinese style to privatization. Chinese style, Economics of Transition, 7, 103–131.
- Carton, R. B. and Hofer, C. W. (2006) Measuring Organizational Performance: Metrics for Entrepreneurship and Strategic Management Research, Northampton, MA: Edward Elgar.
Paper not yet in RePEc: Add citation now
Certo, T.S., Daily, C.M. and Dalton, D.R. (2001). Signaling firm value through board structure : An investigation of initial public offerings. Entrepreneurship Theory and Practice, 26, 1–22.
Chemmanur, T. J., & Fulghieri, P. (1997). Why include warrants in new equity issues? a theory of unit IPOs. Journal of Financial and Quantitative Analysis, 32, 1–24.
- Chen, G., Firth, M., & Rui, O. (2006). Have China’s enterprises reforms led to improve efficiency and profitability? Emerging Markets Review, 7, 82–109.
Paper not yet in RePEc: Add citation now
Chen, L., Li, S., & Lin, W. (2007). Corporate governance and corporate performance: some evidence from newly listed firms on Chinese stock markets. International Journal of Accounting, Auditing and Performance Evaluation, 4, 183–197.
- Chizema, A. (2010). Early and late adoption of Americanised executive compensation in Germany: Governance and institutions. Journal of World Business, 45, 9–18.
Paper not yet in RePEc: Add citation now
- Connelly, B.L., Cero, S.T., Ireland, R.D. and Reutzel, C.R. (2011). Signaling theory: A review and assessment. Journal of Management, 37, 39–69.
Paper not yet in RePEc: Add citation now
Cull R., & Xu L. C. (2003). Who gets credit? The behavior of bureaucrats and state banks in allocating credit to Chinese state-owned enterprises. Journal of Development Economics, 71, 533– 559.
Demsetz, H., & Villalonga, B. (2001). Ownership structure and corporate performance. Journal of Corporate Finance, 7, 209–233.
- Dharwadkar, R., George, G., & Brandes, P. (2000). Privatization in emerging economies: An agency theory perspective. Academy of Management Review, 25, 650–69.
Paper not yet in RePEc: Add citation now
Djankov, S., & Murrell, P. (2002). Enterprise restructuring in transition: a quantitative survey. Journal of Economic Literature, 40, 739–792.
- Estrin, S., Hanousek, J., KoÄenda, E., & Svejnar, J. (2007). Effects of privatization and ownership in transition economies. CERGE-EI. Charles University, Czech Republic.
Paper not yet in RePEc: Add citation now
Frydman, R., Gray, C., Hessel, M., & Rapaczynski, A. (1999). When does privatization work? The impact of private ownership on corporate performance in the transition economies.
Gajewski, J-F., Ginglinger, E., & Lasfer, M. (2007). Why do companies include warrants in seasoned equity offerings? Journal of Corporate Finance, 13, 25–42.
- Gedajlovic, E., & Shapiro, D. M. (2002). Ownership structure and firm profitability in Japan.
Paper not yet in RePEc: Add citation now
- Green, S., & Liu, S.G. (2005). Exit the dragon? privatization and state control in China. London: Chatham House, Blackwell Publishing.
Paper not yet in RePEc: Add citation now
Grinblatt, M., Masulis, R., & Titman, S. (1984). The valuation effect of stock splits and stock dividends. Journal of Financial Economics, 13, 461–490.
- Groves, T., Hong, Y., McMillan, J., & Naughton, B. (1997). Autonomy and incentives in Chinese state enterprises. Quarterly Journal of Economics, 109, 183–209.
Paper not yet in RePEc: Add citation now
- Guthrie, D. (1997). Between markets and politics: organizational responses to reform in China.
Paper not yet in RePEc: Add citation now
- Harvie, C., & Naughton, T. (2000). Corporate governance, ownership change, and state-owned enterprises reform. In Harvie, C. (Ed.), Contemporary Development and Issues in China’s Economic Transition, 45–71. London: Macmillan/St. Martin’s Press.
Paper not yet in RePEc: Add citation now
- Hassard, J., Morris, J., & Sheehan, J. (2002). The elusive market: privatization, politics and state– enterprise reform in China. British Journal of Management, 13, 221–231.
Paper not yet in RePEc: Add citation now
- Hitt, M. A., Dacin, M. T., Levitas, E., Arregle, J-L., & Borza, A. (2000). Partner selection in emerginganddevelopedmarketcontexts:Resource-BasedandOrganizationalLearningPerspectives. Academy of Management Journal, 43, 449–467.
Paper not yet in RePEc: Add citation now
- Hoskisson, R. E., Eden, L. L., Chung, M., & Wright, M. (2000). Strategy in emerging economies. Academy of Management Journal, 43, 249–267.
Paper not yet in RePEc: Add citation now
Hovey, M., Li, L., & Naughton, T. (2003). The relationship between valuation and ownership of listed firms in China. Corporate Governance: An International Review, 11, 112–122.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3, 305–360.
Jia, J., Sun, Q., & Tong, W. (2005). Privatization through an overseas listing: Evidence from China’s H-share firms. Financial Management, 34, 3–30.
- Jingu, T. (2007). Corporate governance for listed companies in China – recent moves to improve the quality of listed companies. Nomura Capital Market Review, 10, 36–52.
Paper not yet in RePEc: Add citation now
Lau, L.J., Qian, Y., & Roland, G. (2000). Reform without losers: an interpretation of China’s dual-track approach to transition. Journal of Political Economy, 108, 120–143.
Le, T. & O’Brien, J. (2010). Can Two Wrongs Make a Right? State Ownership and Debt in a Transition Economy. Journal of Management Studies, 47, 1297–1315.
Leland, H., & Pyle, D. (1977). Information asymmetries, financial structure and financial intermediation. Journal of Finance, 32, 371–387.
Li, W. (1997). The impact of economic reform on the performance of Chinese state enterprises, 1980–1989. Journal of Political Economy, 105, 1080–1106.
Lin, J. Y., Cai, F., & Li, Z. (1998). Competition, policy burdens, and state-owned enterprise reform. American Economic Review, 88, 422–427.
- Lin, T. W. (2004). Corporate governance in China: recent developments, key problems and solutions. Journal of Accounting and Corporate Governance, 1, 1–23.
Paper not yet in RePEc: Add citation now
- Lu, D. (2000). Industry policy and resource allocation: implications on China’s participation in globalization. Chinese Economic Review, 11, 342–360.
Paper not yet in RePEc: Add citation now
Lu, D., Thangavelu, S., & Hu, Q. (2005). Biased lending and non-performing loans in China’s banking sector. Journal of Development Studies, 41, 1071–1091.
Lummer, S., & McConnell, J. (1989). Further evidence on the bank lending process and the capital-market response to bank loan agreements. Journal of Financial Economics, 25, 99–122.
- Luo, Y. (1997). Partner selection and venturing success: the case of joint ventures with firms in the People Republic of China. Organization Science, 8, 648–662.
Paper not yet in RePEc: Add citation now
Markides, C. (1995). Diversification, Restructuring and Economic Performance. Strategic Management Journal, 16: 101–118.
- McNally, C. A., & Lee, P. N. S. (1998). Is big beautiful? Restructuring china’s state sector under the Zhuada policy. Issues and Studies, 34, 22–48.
Paper not yet in RePEc: Add citation now
Megginson, W. L., & Netter, J. M. (2001). From state to market: a survey of empirical studies on privatization. Journal of Economic Literature, 39, 321–390.
- Nee, V., Opper, S., & Wong, S. (2007). Developmental state and corporate government in China. Management and Organization Review, 3, 19–53.
Paper not yet in RePEc: Add citation now
Nolan, P. (2001). China and the global business revolution. Palgrave: New York.
- Peng, M. P. and Luo, Y. (2000). Managerial Ties and Firm Performance in a Transition Economy: The Nature of a Micro-Macro Link. Academy of Management Journal, 43, 486–501.
Paper not yet in RePEc: Add citation now
- Peng, M. W. (2002). Towards an institution-based view of business strategy. Asia Pacific Journal of Management, 19, 251–267.
Paper not yet in RePEc: Add citation now
Peng, M. W. (2004). Outside directors and firm performance during institutional transitions. Strategic Management Journal, 25, 453–71.
- Peng, M. W. (2006). Making M&A Fly in China, Harvard Business Review, March, 26–27.
Paper not yet in RePEc: Add citation now
- Price, B. E. (2007). The threat of privatization: the impetus behind government performance.
Paper not yet in RePEc: Add citation now
Qi, D., Wu, W., & Zhang, H. (2000). Shareholding structure and corporate performance of partially privatized firms: evidence from listed Chinese companies. Pacific-Basin Finance Journal, 8, 587–610.
Shirley, M., & Walsh, P. (2000). Public versus private ownership: The current state of the debate, Working Paper No. 2420, World Bank.
Shleifer, A. (1998). State versus private ownership. Journal of Economic Perspectives, 12, 133– 150.
- Shleifer, A., & Vishny, R. W. (1998). The grabbing hand: government pathologies and their cures. Boston: Harvard University.
Paper not yet in RePEc: Add citation now
Smirlock, M., Gilligan, T., & Marshall, W. (1984). Tobin’s Q and the structure-performance relationship. American Economic Review, 74, 1051–60.
Su, D. (2005). Corporate finance and state enterprise reform in China. China Economic Review, 16, 118–148.
- Sun, L., Li, T., & Zou, L. (2005). State ownership, corporate performance, and parameter heterogeneity: a quantile analysis on China’s listed companies, Discussion Paper No. 60, Centre for Financial and Management Studies, SOAS, University of London.
Paper not yet in RePEc: Add citation now
- Sun, Q., & Tong, W. (2003). China share issue privatization: the extent of its success. Journal of Financial Economics, 70, 183–222.
Paper not yet in RePEc: Add citation now
Sun, Q., Tong, W., & Tong, J. (2002). How does government ownership affect firm performance? Evidence from China’s privatization experience. Journal of Business Finance and Accounting, 29, 1–27.
- Suri, V., & Dinh, V. T. (2007). Taking stock: an update on Vietnam’s economic developments, Working Paper No. 41051, World Bank.
Paper not yet in RePEc: Add citation now
- Tenev, S., & Zhang, C. (2002). Corporate governance and enterprise reform in China. World Bank: Washington DC.
Paper not yet in RePEc: Add citation now
Tian, L., & Estrin, S. (2005). Retained state shareholding in Chinese Plcs: does government ownership reduce corporate value? Working Paper No. 750, William Davidson Institute.
- Vu, T. T. A. (2005). Vietnam – The long march to equitization, Policy Brief No. 33, William Davidson Institute.
Paper not yet in RePEc: Add citation now
Wang, C. (2005). Ownership and operating performance of Chinese IPOs. Journal of Banking and Finance, 29, 1835–56.
- Wang, Y., Zhang, X. S., & Goodfellow, R. (1998). Business culture in China. Singapore: Academic Publishing Asia.
Paper not yet in RePEc: Add citation now
Wei, Z., & Varela, O. (2003). State equity ownership and firm market performance: evidence from China’s newly privatized firms. Global Finance Journal, 14; 65–82.
Wei, Z., Xie, F., & Zhang, S. (2005). Ownership structure and firm value in China’s privatized firms: 1991–2001. Journal of Financial and Quantitative Analysis, 40, 87–108.
- Welch, I. (1996). Equity offering following the IPOs: theory and evidence. Journal of Corporate Finance, 2, 227–259.
Paper not yet in RePEc: Add citation now
Xu, X., & Wang,Y. (1999). Ownership structure and corporate governance in Chinese stock companies. China Economic Review, 10, 75–98.
- Zhang, W. (2006). China’s SOE Reform: A Corporate Governance Perspective. Corporate Ownership and Control, 3, 132–150.
Paper not yet in RePEc: Add citation now
Zhou, Z. K., Tse, D., & Li, J. J. (2006). Organization changes in emerging economies: drivers and consequences. Journal of International Business Studies, 37, 248–263.