Abstract
We collect evidence from the literature of listed Chinese companies about private vs. government stock ownership in seven financial areas. Based on a total of 106 financial effects examined, our study categorizes 39% as positive effects of private ownership, 25% as negative effects of private ownership, and 36% as mixed or ambiguous. Thus, private ownership seems to have an advantage over government ownership, but privatization per se in China seems not an absolute guarantee for effective corporate financial management.
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