Share-Issue Privatization in China: 2002-2008

  • Karl Gressly Vanderbilt University


The purpose of this article is to evaluate the effectiveness of China’s incremental approach to denationalization, share-issue privatization, wherein the government sells shares of state-owned enterprises to the public, while retaining an ownership position in the firm. The effectiveness of this approach to denationalization will be evaluated based on four widely-used measures of firm well-being and productivity--returns on assets, returns on sales, sales per employee, and profits per employee, based on data retrieved from the China Stock Market and Accounting Research (CSMAR) Database and the Private Listed Companies Database.
How to Cite
GRESSLY, Karl. Share-Issue Privatization in China: 2002-2008. Vanderbilt Undergraduate Research Journal, [S.l.], v. 9, aug. 2013. ISSN 1555-788X. Available at: <>. Date accessed: 20 aug. 2019. doi:
Humanities and Social Sciences


privatization; china