Loading...
Please wait, while we are loading the content...
The Performance of State-Owned Enterprises: New Evidence from the China Employer-Employee Survey
| Content Provider | Semantic Scholar |
|---|---|
| Author | Cheng Li, Hongbin Li, Tang |
| Copyright Year | 2019 |
| Abstract | Drawing on a random sampling, longitudinal data of manufacturing firms and workers we collected ourselves, China Employer-Employee Survey (CEES), this paper provides a complete analyses about differences of productivity and financial returns between state owned enterprises (SOEs) and private firms in China. We find that, the labor productivity and TFP of SOEs are significantly higher than private firms between 2013 and 2015, which is different from existing papers using Annual Survey of Industrial Firms (ASIF) for earlier period, which only include SOEs and private firms with annual sales above 20 million RMB (USD 308,000). Furthermore, this paper finds that, although better human capital, more market power and better management can explain partially why productivity in SOEs are higher, there remains a large share of the SOE advantage in productivity that is still left unexplained. In stark contrast, we find that, financial returns measured in ROA and ROE are significantly lower for SOEs than private firms. 1 We would like to thank Yang Du (Chinese Academy of Social Science, CASS), Albert Park (Hong Kong University of Science and Technology, HKUST) for their cooperation in the work of China Employer Employee Survey (CEES). We also thank 1,122 firms and 9,103 employees who welcomed CEES enumerators in 2015 and 2016. 2 Hong Cheng and Tang Li is affiliated with China Enterprise and Survey Data Center, Institute of Quality Development Strategy, Wuhan University, China. Hongbin Li is affiliated with Stanford Institute for Economic Policy Research, Stanford University, United States. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://globalpoverty.stanford.edu/sites/default/files/publications/WP1037_0.pdf |
| Alternate Webpage(s) | https://doi.org/10.1086/703100 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
