Does Incorporation Improve Firm Performance?
Since the 1990s, China has made a significant effort to transform its state-owned enterprises into shareholding companies and allow its private firms to become incorporated. This corporatization policy has been used to restructure state-owned enterprises as well as govern a growing and diverse set of firms in a marketizing economy. The intent of these reforms is that, as has been found in other economies, incorporation should improve firm performance through granting previously state-owned an...Expand abstract
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