Ownership and Technical Efficiency: A Cross‐Section Study on the Third Industrial Census of China

Wen, Min-Ming; Li, Dong; Lloyd, Peter

doi:10.1086/342249

Cited by 21 publications

(17 citation statements)

References 24 publications

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“…Accordingly, a Tobit model is appropriate for estimating the determinants of enterprise efficiency (Zhang et al, 2001;Wen et al, 2002;Mok et al, 2007). The dependent variable was the overall (CRS) technical efficiency score estimated from the DEA as outlined above.…”

Section: Methodology and Datamentioning

confidence: 99%

Efficiency of Chinese enterprises: Does human resource management matter?

Wei

2012

Applied Economics Letters

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Data Envelopment Analysis (DEA) was applied to Chinese enterprises with different forms of ownership to estimate their efficiency. The efficiency scores obtained were further regressed against scores rating the implementation of Strategic Human Resource Management (SHRM) and other explanatory data. State-Owned Enterprises (SOEs) were the least efficient, whereas foreign-owned firms were the most efficient. Tentative evidence was found of a relationship between SHRM practices and enterprise efficiency, but only in foreign-and collectively owned enterprises, indicating that Chinese enterprises lack management skills or/and are still subject to tight institutional constraints than their foreign-invested counterparts.

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Section: Methodology and Datamentioning

confidence: 99%

Efficiency of Chinese enterprises: Does human resource management matter?

Wei

2012

Applied Economics Letters

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“…7 7 The better infrastructure includes a higher urbanization rate and better transportation systems. See Wen (2004b) for details. …”

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confidence: 99%

Foreign direct investment, regional market conditions and regional development

Wen

2007

Economics of Transition

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This paper uses regional panel data to investigate the mechanism whereby foreign direct investment (FDI) has contributed to China's regional development through quantifying regional marketization levels. It is found that FDI inflow generates a demonstration effect in identifying regional market conditions for investment in fixed assets and hence affects industrial location. In addition, its effects on regional export and regional income growth have varied across east, central and west China since the second half of the 1990s, depending on differences in FDI orientation between different regions. In east China, geographical advantage in exports attracts FDI inflow and FDI promotes exports. In addition, the rise of the FDI-GDP ratio increases east China's share in national industrial value added. These effects contribute positively to regional income growth in east China although there is a direct crowding-out effect between FDI and domestic investment (as input) in growth. In contrast, the negative impact of FDI inflow on regional export orientation in central China weakens its contribution to regional income growth. Furthermore, the contribution of the improvement in the market mechanism to regional development is evidenced in attracting FDI, in promoting export and directly contributing to regional income growth. Copyright (c) 2007 The Author Journal compilation (c) 2007 The European Bank for Reconstruction and Development.

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“…The theory of property rights, which suggests that clearly defined ownership reduces externalities and improves incentives, has been used to justify the ''big bang'' privatisation in Eastern European countries (Wen et al 2002). Privatization will define true owners which are often missed in state-owned firms.…”

Section: Privatisationmentioning

confidence: 99%

“…Privatisation also helps managers concentrate on profit maximization by eliminating other external goals such as providing jobs and keeping social stability. Many studies find that state ownership has the lowest technical efficiency (Dougherty and McGuckin 2002;Wen et al 2002;Zheng et al 1998). …”

Section: Privatisationmentioning

confidence: 99%