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010   $a1-283-51381-1
010   $a9786613826268
010   $a1-4519-1026-6
035   $a(CKB)3360000000443617
035   $a(EBL)1608458
035   $a(OCoLC)568151191
035   $a(MiAaPQ)EBC1608458
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100   $a20090807d2007      uy             0
101 0 $aeng
135   $aurcn|||||||||
200 15$aDas (wasted) kapital$b[electronic resource] $efirm ownership and investment efficiency in China /$fprepared by David Dollar and Shang-Jin Wei
210   $a[Washington, D.C.] $cInternational Monetary Fund$d2007
215   $a1 online resource (40 p.)
225 1 $aIMF working paper ;$vWP/07/9
300   $aAt head of title: Research Department.
300   $a"January 2007."
311   $a1-4518-6573-2 
320   $aIncludes bibliographical references (p. 19).
327   $aContents; I. Introduction; II. Conceptual Framework; III. Data; IV. Statistical results; V. Conclusion; References; Tables; 1. Firm Classification by Actual Ownership versus Registration; 2. Sources of Financing for Working Capital by Ownership Type; 3. Sources of Financing for Investment by Ownership Type; 4. Summary Statistics of VA/K Ratio; 5. Average Revenue Product of Capital and Ownership; 6. Average Returns to Capital: Adding Firm Size [ln(employment)]; 7. Summary Statistics of Marginal Revenue Product of Capital; 8. Marginal Revenue Product of Capital ((VA- wL)/K) and Ownership
327   $a1. City Fixed Effects from Regression of ln(VA/K)2. City Fixed Effects from Regression of ln(VA/K)
330   $aBased on a survey that we designed and that covers a stratified random sample of 12,400 firms in 120 cities in China with firm-level accounting information for 2002-2004, this paper examines the presence of systematic distortions in capital allocation that result in uneven marginal returns to capital across firm ownership, regions, and sectors. It provides a systematic comparison of investment efficiency among wholly and partially state-owned, wholly and partially foreign owned, and domestic privately owned firms, conditioning on their sector, location, and size characteristics. It finds that e
410  0$aIMF working paper ;$vWP/07/9.
606   $aBusiness enterprises$zChina$xFinance$xEconometric models
606   $aCorporations$zChina$xFinance
607   $aChina$xEconomic conditions$y20th century
608   $aElectronic books.
615  0$aBusiness enterprises$xFinance$xEconometric models.
615  0$aCorporations$xFinance.
676   $a332.11
700   $aDollar$b David$0280556
701   $aWei$b Shang-Jin$0118987
712 02$aInternational Monetary Fund.$bResearch Dept.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910464834203321
996   $aDas (wasted) kapital$91940616
997   $aUNINA