Das (Wasted) Kapital : Firm Ownership and Investment Efficiency in China

Firm Ownership and Investment Efficiency in China

Das (Wasted) Kapital : Firm Ownership and Investment Efficiency in China
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.... READ MORE...

Publication date: January 2007
ISBN 9781451865738
$18.00

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