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How much does owner type matter for firm performance? Manufacturing firms in C hina 1998–2007
Author(s) -
Xia Fan,
Walker Gordon
Publication year - 2015
Publication title -
strategic management journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 11.035
H-Index - 286
eISSN - 1097-0266
pISSN - 0143-2095
DOI - 10.1002/smj.2233
Subject(s) - business , industrial organization , mainland , manufacturing , monetary economics , economics , commerce , marketing , ecology , biology
Who owns the firm (the state, private ownership, foreign investors) has long been an important topic for research on organizations. This paper estimates how much ownership contributes to firm performance, compared to other factors, including industry, region, firm size, year, and the firm itself. The data are on manufacturing firms in mainland C hina from 1998 to 2007. We find that the effect of owner type is significant and pervasive across regions and interacts with both geography and time, reflecting C hina's decentralized system and the strong trend in privatization . Copyright © 2014 John Wiley & Sons, Ltd.