Does Private Ownership Always Outperform State Ownership? A Competitive Dynamics Explanation

Yang, W. and Meyer, K. (2017) Does Private Ownership Always Outperform State Ownership? A Competitive Dynamics Explanation. 44th AIB (UK&I) & 6th Reading IB Conference, Reading, UK, 6-8 Apr 2017.

Abstract

Firms have to engage in aggressive competitive behavior to win the market. But how such competitive behavior enhances firm performance is related to firm ownership. Specifically, we argue that: (1) private ownership can better enable the transfer of aggressive behavior to enhance performance than state ownership; (2) full ownership can better enable the transfer of aggressive behavior to enhance performance than partial ownership (i.e., joint ventures). We find support for these arguments in empirical tests on survey-based data of 106 firms in China.

• Item Type: Conference or Workshop Item
• Status: Published
• Refereed: Yes
• Glasgow Author(s) Enlighten ID: Yang, Dr Wei
• Authors: Yang, W., and Meyer, K.
• College/School: College of Social Sciences > Adam Smith Business School > Management