Das (wasted) kapital [[electronic resource] ] : firm ownership and investment efficiency in China / / prepared by David Dollar and Shang-Jin Wei
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| Autore: |
Dollar David
|
| Titolo: |
Das (wasted) kapital [[electronic resource] ] : firm ownership and investment efficiency in China / / prepared by David Dollar and Shang-Jin Wei
|
| Pubblicazione: | [Washington, D.C.], : International Monetary Fund, 2007 |
| Descrizione fisica: | 1 online resource (40 p.) |
| Disciplina: | 332.11 |
| Soggetto topico: | Business enterprises - China - Finance - Econometric models |
| Corporations - China - Finance | |
| Soggetto geografico: | China Economic conditions 20th century |
| Soggetto genere / forma: | Electronic books. |
| Altri autori: |
WeiShang-Jin
|
| Note generali: | At head of title: Research Department. |
| "January 2007." | |
| Nota di bibliografia: | Includes bibliographical references (p. 19). |
| Nota di contenuto: | Contents; 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 |
| 1. City Fixed Effects from Regression of ln(VA/K)2. City Fixed Effects from Regression of ln(VA/K) | |
| Sommario/riassunto: | Based 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 |
| Titolo autorizzato: | Das (wasted) kapital |
| ISBN: | 1-4623-2153-4 |
| 1-4527-2288-9 | |
| 1-283-51381-1 | |
| 9786613826268 | |
| 1-4519-1026-6 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910464834203321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF working paper ; ; WP/07/9.