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Are State-Owned Companies Underperforming? A Case Study of Chinese Listed Property Companies

Are State-Owned Companies Underperforming? A Case Study of Chinese Listed Property Companies China's privatization program was initiated in April 1984 through the State Commission; however, the State continues to hold dominant shares in privatized companies. The fast growing economy has created a favorable environment for the private economy to develop, especially in property markets that have been booming since 2000. This study uses data of all the listed property companies in China's stock markets from 2000 to 2005 to investigate two issues: (1) who owns China's listed property companies; and (2) the performance differences between these two types of property companies. The goals of the research are to examine whether state-owned companies are less efficient and underperform privately-owned companies in the property sector and what type of property companies are good investments. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Real Estate Literature Taylor & Francis

Are State-Owned Companies Underperforming? A Case Study of Chinese Listed Property Companies

Journal of Real Estate Literature , Volume 16 (2): 20 – Jan 1, 2008

Are State-Owned Companies Underperforming? A Case Study of Chinese Listed Property Companies

Journal of Real Estate Literature , Volume 16 (2): 20 – Jan 1, 2008

Abstract

China's privatization program was initiated in April 1984 through the State Commission; however, the State continues to hold dominant shares in privatized companies. The fast growing economy has created a favorable environment for the private economy to develop, especially in property markets that have been booming since 2000. This study uses data of all the listed property companies in China's stock markets from 2000 to 2005 to investigate two issues: (1) who owns China's listed property companies; and (2) the performance differences between these two types of property companies. The goals of the research are to examine whether state-owned companies are less efficient and underperform privately-owned companies in the property sector and what type of property companies are good investments.

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References (16)

Publisher
Taylor & Francis
Copyright
© 2008 American Real Estate Society
ISSN
1573-8809
DOI
10.1080/10835547.2008.12090226
Publisher site
See Article on Publisher Site

Abstract

China's privatization program was initiated in April 1984 through the State Commission; however, the State continues to hold dominant shares in privatized companies. The fast growing economy has created a favorable environment for the private economy to develop, especially in property markets that have been booming since 2000. This study uses data of all the listed property companies in China's stock markets from 2000 to 2005 to investigate two issues: (1) who owns China's listed property companies; and (2) the performance differences between these two types of property companies. The goals of the research are to examine whether state-owned companies are less efficient and underperform privately-owned companies in the property sector and what type of property companies are good investments.

Journal

Journal of Real Estate LiteratureTaylor & Francis

Published: Jan 1, 2008

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