This dissertation provides three empirical essays on contemporary China's development. It deals with the institutional reform, organization and finance of industrial enterprises in contemporary China from the standpoint of ownership restructuring, political connections, and foreign portfolio investment, with an eye to consequences for efficiency improvement, income distribution and well-being. Its contribution is to pinpoint the critical problems that are usually difficult to quantify in China and provide empirical evidence with regard to the impact of ownership restructuring, the value of political connections, and the signaling effect of Qualified Foreign Institutional Investors. The data sets and empirical models of this dissertation can be applicable to other economic issues. For example, with the dataset and empirical model in chapter 2 I can potentially study the political connections in other cities of China. The trading behavior of QFIIs in A-share markets, the signaling effect of foreign investors in H-share markets, and the co-movement of H-share and A-share markets can be done with the dataset and method in chapter 3. Unfortunately, these investigations are not complete at the time of this dissertation; however, they are certainly important issues to study, and I leave them for future research.
Li, Weiye,
"Ownership Resturcturing, Political Connections, and Foreign Portfolio Investment in Contemporary China"
(2008).
Economics Theses and Dissertations.
Brown Digital Repository. Brown University Library.
https://doi.org/10.7301/Z02Z13S8
