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|[ Article ]|
|Seoul Journal of Economics - Vol. 21, No. 1, pp. 141-167|
|ISSN: 1225-0279 (Print)|
|Print publication date 29 Feb 2008|
|Received 08 Oct 2007 Revised 06 Dec 2007|
|The Change of Performance of Chinese Large-sized Private Enterprises and Its Determinants (2004-2006)|
Xiaoxuan Liu ; Shiyong Zhao
|Research Fellow, Institute of Economics, Chinese Academy of Social Sciences, 2 Yuetan Beixiaojie, Xicheng District, Beijing 100836, People's Republic of China (email@example.com)|
|Associate Research Fellow, Institute of Economics, Chinese Academy of Social Sciences, 2 Yuetan Beixiaojie, Xicheng District, Beijing 100836, People's Republic of China, Tel: +8610-6803-4420 (firstname.lastname@example.org)|
JEL Classification: F16, F12
Using the data collected by All China Federation of Industry and Commerce, this paper studies the change of performance of Chinese large-sized private enterprises and its possible determinants. The study finds that the financing difficulty of private firms, due to Chinese government's control policy, is the major factor resulting in the worsening performance of these large private firms.
|Keywords: Large-sized private enterprises, Technical efficiency, Financing constraint
We thank All China Federation of Industry and Commerce for providing us with the data. Paper presented at the 15th Seoul Journal of Economics International Symposium held at Seoul National University, Seoul, 23 October 2007.
|1.||All China Federation of Industry and Commerce (ACFIC). The Development Report of Non-State-Owned Economy in China 2005-2006. Social Sciences Academic Press, 2006 (in Chinese).|
|2.||Chen, Ling, and Cao, Zhenghan, Institutions and Capability: 20 Years of Growth Analysis of Chinese Private Enterprises. Shanghai: Shanghai People’s Press, 2007.|
|3.||Zhang, Weiying. Core Competence and Growth of the Firm. Beijing: Peking University Press, 2006.|
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