Does group affiliation improve firm performance? The case of Chinese State-owned firms

Huanjun Yu, H. van Ees, B.W. Lensink*

*Bijbehorende auteur voor dit werk

OnderzoeksoutputAcademicpeer review

9 Citaten (Scopus)


This paper analyses the performance of state-owned business groups in China. Group affiliation can be important for economic policy evaluation since the Chinese government promotes the formation of business groups as a first step in the process of reforming state enterprises into modern corporations. The analysis applies a range of econometric techniques to a sample of 657 Chinese state-owned firms in 2005 and shows that group affiliation has a robust positive effect on performance. Group affiliation may in this respect provide a successful alternative to large-scale privatisation.

Originele taal-2English
Pagina's (van-tot)1615-1632
Aantal pagina's18
TijdschriftJournal of Development Studies
Nummer van het tijdschrift10
StatusPublished - 2009

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