Behavioural differences among Chinese firms - from the perspective of earnings determination
Firms with different ownership structure behave differently. Currently there are three major ownership structures in China’s industrial sector: state enterprises, collective enterprises, and private enterprises. Market-oriented economic reform has given great autonomy to firm managers in terms of decision making. Nevertheless, properties are still owned by different levels of governments in the case of the state and the collective sectors. This may cause a separation between the function of...[Show more]
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