Due to the continued reform of state-owned enterprises (SOEs) in China, SOE leaders face many challenges competing in a rapidly changing global marketplace. Not only are leaders tasked to manage change, but they must also deliver results and increase revenue through human capital. The need for stronger human capital and human resources (HR) must play a stronger role in SOEs by adopting new stra...

This paper investigates the impact of the mandatory adoption of the eXtensible Business Reporting Language (XBRL) on the performance of listed state-owned enterprises (SOEs) and non-SOEs. Building on institutional theory, we hypothesize and determine that non-SOEs benefit from the adoption of XBRL by operating more effectively, which results in better performance. Due to the institutional facto...

 Existing strategic group studies have rarely examined ownership type as a variable to classify firms in an industry. Using Chinese firms of different ownership types, we suggest that ownership type can be a parsimonious and important variable that managers use to cognitively classify firms into different strategic groups. While ownership itself is an objective variable, we contend that...

The soft budget constraint hypothesis of Kornai (1980) offers an attractive explanation of overmanning in public enterprises. Sometimes overlooked in the literature is the fact that governments, especially in transition economies, often use state-owned enterprises (SOEs) to pursue non-financial objectives and to finance the resulting social burdens with subsidies and policy loans. In studying a...

The reform of state-owned enterprises (SOEs) has become an integral part of most macroeconomic stabilisation programmes implemented worldwide in recent years. The main instruments used to reform these enterprises have been divestiture and workforce downsizing. In Latin America, in particular, the pursuit of fiscal consolidation has added another important dimension to public enterprise reform. ...

The rapid economic growth of China features boom of the non-state sector and relative stagnancy of the state-owned enterprises (SOEs). These macro statistics themselves do not justify the popular belief that non SOEs will definitely continue to outperform SOEs and that accordingly SOEs should be transferred to other types of ownership as soon as possible. The performances of both economic secto...

Business groups organized by pyramids enable the ultimate shareholders to control a portfolio of firms with less cash requirement. Further, corporate pyramid induces an internal capital market and makes capital transfer more convenient within the pyramid. In China, the state and business groups control a large number of listed firms through pyramidal ownership structure. What role does the corp...

Because of the booming economy, interest in China has soared in recent years. The government has decided to privatize many state-owned enterprises (SOEs), so foreigners can much more easily invest in existing firms than ever before. Is it wise to consider investing in these SOEs? Certainly, many have major problems. How sophisticated are Chinese manufacturing firms? Do they understand modern pr...

We investigate whether inward FDI, either at the firm or industry level, has any impact on product innovation by Chinese State owned enterprises (SOEs). We use a comprehensive firm level panel data set of some 20,000 SOEs covering the period 1999 to 2005. Our results show that foreign capital participation is associated with higher innovative activity. Inward FDI in the sector has a negative ef...

We investigate whether inward FDI, either at the firm or industry level, has any impact on product innovation by Chinese State owned enterprises (SOEs). We use a comprehensive firm level panel data set of some 30,000 SOEs covering the period 1999 to 2003. Our results show that foreign capital participation is associated with higher innovative activity. Inward FDI in the sector has a negative ef...