How much does owner type matter for firm performance? Manufacturing firms in China 1998–2007
Article first published online: 28 FEB 2014
Copyright © 2014 John Wiley & Sons, Ltd.
Strategic Management Journal
Volume 36, Issue 4, pages 576–585, April 2015
How to Cite
Xia, F. and Walker, G. (2015), How much does owner type matter for firm performance? Manufacturing firms in China 1998–2007. Strat. Mgmt. J., 36: 576–585. doi: 10.1002/smj.2233
- Issue published online: 3 MAR 2015
- Article first published online: 28 FEB 2014
- Accepted manuscript online: 15 JAN 2014 02:33AM EST
- Manuscript Accepted: 21 OCT 2013
- Manuscript Revised: 14 OCT 2013
- Manuscript Received: 15 MAR 2012
- competitive heterogeneity; firm ownership; variance decomposition; China; emerging markets
Who owns the firm (the state, private ownership, foreign investors) has long been an important topic for research on organizations. This paper estimates how much ownership contributes to firm performance, compared to other factors, including industry, region, firm size, year, and the firm itself. The data are on manufacturing firms in mainland China from 1998 to 2007. We find that the effect of owner type is significant and pervasive across regions and interacts with both geography and time, reflecting China's decentralized system and the strong trend in privatization. Copyright © 2014 John Wiley & Sons, Ltd.