Ownership structure and the diversification and performance of publicly-listed companies in China |
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Authors: | Andrew Delios Nan Zhou |
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Institution: | a National University of Singapore, 1 Business Link, Singapore 117592, Singapore b Wharton School, University of Pennsylvania, 2048 Steinberg Hall - Dietrich Hall, 3620 Locust Walk, Philadelphia, PA 19104, U.S.A. |
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Abstract: | The growth and heightened competitiveness of listed companies in China share several central features. These include the gradual transition of state-owned assets to private investors, a rapid pace of product diversification, and impending rapid growth into international markets. In this article, we focus on measuring and identifying the implications of the ownership structure and diversification strategy of listed companies in China. We highlight recent developments in the ownership transition of China's companies, and point to an ownership classification system that can better identify and address differences in the motivations, strategies, and performance of these companies. |
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Keywords: | Ownership structure Ownership identity Diversification Performance |
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