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The relationship between efficiency and ownership structure: The case of China’s listed ICT companies
State-owned Assets Supervision and Administration Commission, State Council of China, China.
Seoul National University, South Korea.ORCID iD: 0000-0002-7902-4683
2011 (English)In: Information and communication technologies policies and practices / [ed] Almas Heshmati and Sun Peng, New York: Nova Science Publishers, Inc., 2011, 119-144 p.Chapter in book (Refereed)
Abstract [en]

If we take an overview of enterprise reform in China during the last 30 years, we willfind that this process has always been accompanied by the debate of ownership identityand ownership structure. Numerous pieces of research on the relationship between theefficiency and ownership structure in China have been undertaken, but the conclusionsvary and even contradict each other. This dissertation will explore the uniquecharacteristics of the ownership structure of Chinese companies, and illustrate the effectsof ownership structure on the efficiency of companies and finally discuss how to adjustthe ownership structure to improve their efficiency. Unbalance panel data for listed ICTcompanies from 2003 to 2007 are collected to conduct an empirical analysis of therelationship between performance and the ownership structure of firms. A two-stepprocedure is used. In the first step, data envelopment analysis (DEA) Window model isapplied to measure the efficiencies of these companies. In the second step, the Tobitregression model is used to establish the relationship between efficiency and theownership structure, to identify the determinants of efficiency and to estimate theirimpacts. A sensitivity analysis with respect to model specification is conducted. Inaddition, this dissertation attempts to provide an explanation for the conclusions drawn,and provides policy guidelines for future adjustments in the ownership structure. Inconclusion, the results suggest that the proportions of state-owned and private corporateshares do not affect the efficiency of companies significantly. However, the ownershipconcentration exhibits a positive impact on the efficiency level of the sample ICT firms. ©2010 by Nova Science Publishers, Inc. All rights reserved.

Place, publisher, year, edition, pages
New York: Nova Science Publishers, Inc., 2011. 119-144 p.
Keyword [en]
China's listed companies; Data envelopment analysis; Efficiency; Ownership structure; Tobit model
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-24527Scopus ID: 2-s2.0-84895386215ISBN: 9781608766710 (print)OAI: oai:DiVA.org:hj-24527DiVA: diva2:743242
Available from: 2014-09-03 Created: 2014-09-01 Last updated: 2016-01-14Bibliographically approved

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CiteExportLink to record
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Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf