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dc.contributor.author김병수-
dc.date.accessioned2019-11-28T06:52:56Z-
dc.date.available2019-11-28T06:52:56Z-
dc.date.issued2017-08-
dc.identifier.citation지역사회학(Korean Regional Sociology), v. 18, no. 2, page. 143-165en_US
dc.identifier.issn1598-7000-
dc.identifier.urihttp://scholar.dkyobobook.co.kr/searchDetail.laf?barcode=4010025866563-
dc.identifier.urihttps://repository.hanyang.ac.kr/handle/20.500.11754/115076-
dc.description.abstractAs the State still controls a large share of China’s economy, the process of privatization of state-owned enterprises and the rise of corporate elites who control them should be traced and examined in a systematic and thorough way.As one of the first efforts to do so, this research collected and analyzed first-hand data on private-takeovers of 341 previously State-controlled listed firms on China’s stock exchanges during the period of 1996-2008. Preliminary results show privatizations have most likely occurred amongst relatively small-sized firms, more prevalently in industries under less state oversight, and more in economically developed provinces. Further analysis reveals that the majority of the new private controlling shareholders are outsiders rather than insiders to the acquired firms, and as a whole they are highly educated, and politically and economically well positioned. This research suggests that a group of capable private entrepreneurs are assuming roles as new corporate elites by taking advantage of emerging merger and acquisition opportunities in China’s stock market. It is the different route of privatization characterized by the above findings that China has embarked upon and is contributing to its relative success in economic reforms compared with its former communist counterparts.en_US
dc.description.sponsorshipThis research has been supported financially by the POSCO TJ Park Foundation’s Research Grants for Asian Studies. It was also benefited, in part, by the Research Grant for Humanities and Social Sciences (12YJC840064) from the Ministry of Education of China.en_US
dc.language.isoen_USen_US
dc.publisher지역사회학회en_US
dc.subjectprivatizationen_US
dc.subjectM&Aen_US
dc.subjectlisted firmsen_US
dc.subjectstock marketen_US
dc.subjectChinaen_US
dc.titlePrivatization of State-Controlled Shareholding Companies and the Rise of Corporate Elites in Chinaen_US
dc.typeArticleen_US
dc.relation.no2-
dc.relation.volume18-
dc.relation.page143-165-
dc.relation.journal지역사회학(Korean Regional Sociology)-
dc.contributor.googleauthorZheng, Lu-
dc.contributor.googleauthorKim, Byung-Soo-
dc.relation.code2017018641-
dc.sector.campusS-
dc.sector.daehakCOLLEGE OF SOCIAL SCIENCES[S]-
dc.sector.departmentDEPARTMENT OF SOCIOLOGY-
dc.identifier.pidkimb-
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COLLEGE OF SOCIAL SCIENCES[S](사회과학대학) > SOCIOLOGY(사회학과) > Articles
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