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Previous articleNext article No AccessInternal Regulation: The Effects of Government Ownership on the Value of the FirmCatherine C. Eckel and Theo VermaelenCatherine C. Eckel Search for more articles by this author and Theo Vermaelen Search for more articles by this author PDFPDF PLUS Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinkedInRedditEmail SectionsMoreDetailsFiguresReferencesCited by The Journal of Law and Economics Volume 29, Number 2Oct., 1986 Sponsored by The University of Chicago Booth School of Business and The University of Chicago Law School Article DOIhttps://doi.org/10.1086/467124 Views: 14Total views on this site Citations: 28Citations are reported from Crossref Copyright 1986 The University of ChicagoPDF download Crossref reports the following articles citing this article:Qing Hu, Wenjing Li, Chen Lin, Lai Wei Trade-induced competition and ownership dynamics, Journal of Development Economics 160 (Jan 2023): 102979.https://doi.org/10.1016/j.jdeveco.2022.102979Aidan Vining, Mark Moore, Claude Laurin Listed public–private enterprises: stock market information, agency costs and productive efficiency outcomes, International Journal of Public Sector Management 35, no.44 (Aug 2021): 388–409.https://doi.org/10.1108/IJPSM-02-2021-0050Veljko Fotak, Haekwon Lee Public-private co-lending: Evidence from syndicated corporate loans, Journal of Banking & Finance 119 (Oct 2020): 105898.https://doi.org/10.1016/j.jbankfin.2020.105898Matteo Landoni Knowledge creation in state-owned enterprises, Structural Change and Economic Dynamics 53 (Jun 2020): 77–85.https://doi.org/10.1016/j.strueco.2020.01.001Abhinav Goyal, Shrikant P. Jategaonkar, Cal B. Muckley Why do privatized firms pay higher dividends?, Journal of Corporate Finance 60 (Feb 2020): 101493.https://doi.org/10.1016/j.jcorpfin.2019.101493Sabri Boubaker, Narjess Boubakri, Jocelyn Grira, Asma Guizani Sovereign wealth funds and equity pricing: Evidence from implied cost of equity of publicly traded targets, Journal of Corporate Finance 53 (Dec 2018): 202–224.https://doi.org/10.1016/j.jcorpfin.2018.10.007Wen-Hsin Huang, Mei-Juh Huang, Mei-Hua Huang The Impact of Government Shareholding on Firm Performance: A Corporate Governance Perspective, (Jul 2017): 741–750.https://doi.org/10.1007/978-3-319-61542-4_75Abhinav Goyal, Shrikant P. Jategaonkar, Cal B. Muckley Why Do Privatized Firms Pay Higher Dividends?, SSRN Electronic Journal (Jan 2018).https://doi.org/10.2139/ssrn.3251812Sabri Boubaker, Narjess Boubakri, Jocelyn Grira, asma guizani Sovereign Wealth Funds and Equity Pricing: Evidence from Implied Cost of Equity of Publicly Traded Target, SSRN Electronic Journal (Jan 2018).https://doi.org/10.2139/ssrn.3304089Bernardo Bortolotti, Veljko Fotak, Brian Wolfe Innovation and State Owned Enterprises, SSRN Electronic Journal 103 (Jan 2018).https://doi.org/10.2139/ssrn.3150280Wenxin Guo, Joseph A. Clougherty, Tomaso Duso Why Are Chinese MNES Not Financially Competitive in Cross-border Acquisitions? The Role of State Ownership, Long Range Planning 49, no.55 (Oct 2016): 614–631.https://doi.org/10.1016/j.lrp.2016.05.002Veljko Fotak A Spark from the Public Sector: Co-Lending by Government-Owned and Private-Sector Lenders, SSRN Electronic Journal (Jan 2016).https://doi.org/10.2139/ssrn.2814144Ginka Borisova, Veljko Fotak, Kateryna Holland, William L. Megginson Government ownership and the cost of debt: Evidence from government investments in publicly traded firms, Journal of Financial Economics 118, no.11 (Oct 2015): 168–191.https://doi.org/10.1016/j.jfineco.2015.06.011William L. Megginson, Veljko Fotak Rise of the Fiduciary State: A Survey of Sovereign Wealth Fund Research, SSRN Electronic Journal (Jan 2014).https://doi.org/10.2139/ssrn.2432623Ginka Borisova, Veljko Fotak, Kateryna V. Holland, William L. Megginson Government Ownership and the Cost of Debt: Evidence from Government Investments in Publicly Traded Firms, SSRN Electronic Journal (Jan 2012).https://doi.org/10.2139/ssrn.2046911Liu Wang, Kenneth Yung Do State Enterprises Manage Earnings More than Privately Owned Firms? The Case of China, Journal of Business Finance & Accounting 38, no.7-87-8 (Sep 2011): 794–812.https://doi.org/10.1111/j.1468-5957.2011.02254.xLi Zhe Research on China's stock exchange markets: Problems and improvement, (Nov 2010): 465–469.https://doi.org/10.1109/ICEMT.2010.5657614Lihui Tian State Shareholding and the Value of China's Firms, SSRN Electronic Journal (Jan 2001).https://doi.org/10.2139/ssrn.275910 By Stacey R. Kole and J. Harold Mulherin The Government as a Shareholder: A Case from the United States Kole & Mulherin, The Journal of Law and Economics 40, no.11 (Jul 2015): 1–22.https://doi.org/10.1086/467364Catherine Eckel, Doug Eckel, Vijay Singal Privatization and efficiency: Industry effects of the sale of British Airways, Journal of Financial Economics 43, no.22 (Feb 1997): 275–298.https://doi.org/10.1016/S0304-405X(96)00893-8WILLIAM L. MEGGINSON, ROBERT C. NASH, MATTHIAS VAN RANDENBORGH The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis, The Journal of Finance 49, no.22 (Apr 2012): 403–452.https://doi.org/10.1111/j.1540-6261.1994.tb05147.xLaurence Schumann Patterns of abnormal returns and the competitive effects of horizontal mergers, Review of Industrial Organization 8, no.66 (Dec 1993): 679–696.https://doi.org/10.1007/BF01024292Brian F. Smith, Ben Amoako-Adu Empirical Analysis of Exempt Takeover Offers on the Toronto Stock Exchange, Canadian Journal of Administrative Sciences / Revue Canadienne des Sciences de l'Administration 10, no.44 (Apr 2009): 344–352.https://doi.org/10.1111/j.1936-4490.1993.tb00039.xTheo Vermaelen Corporate Restructuring: Evidence from the Stock Market, (Jan 1992): 199–223.https://doi.org/10.1007/978-1-349-12582-1_8Richard E. Caves Lessons from privatization in Britain, Journal of Economic Behavior & Organization 13, no.22 (Mar 1990): 145–169.https://doi.org/10.1016/0167-2681(90)90084-Q Anthony E. Boardman , and Aidan R. Vining Ownership and Performance in Competitive Environments: A Comparison of the Performance of Private, Mixed, and State-Owned Enterprises, The Journal of Law and Economics 32, no.11 (Oct 2015): 1–33.https://doi.org/10.1086/467167Elke Michaelis Planungs- und Kontrollprobleme in Unternehmungen und Property Rights-Theorie, (Jan 1988): 119–148.https://doi.org/10.1007/978-3-322-83718-9_6Anthony Boardman, Ruth Freedman, Catherine Eckel The price of government ownership, Journal of Public Economics 31, no.33 (Dec 1986): 269–285.https://doi.org/10.1016/0047-2727(86)90061-7
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