Resource Misallocation Among Listed Firms in China : The Evolving Role of State-Owned Enterprises /

We document that publicly listed Chinese state-owned enterprises (SOEs) are less productive and profitable than publicly listed firms in which the state has no ownership stake. In particular, Chinese listed SOEs are more capital intensive and have a lower average product of capital than non-SOEs. Th...

Description complète

Détails bibliographiques
Auteur principal: Jurzyk, Emilia
Autres auteurs: Ruane, Cian
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2021.
Collection:IMF Working Papers; Working Paper ; No. 2021/075
Accès en ligne:Full text available on IMF