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Vietnam's state-owned enterprise reform: An empirical assessment in the international multimodal transport sector from the Williamson's TCE perspective  

British Library Electronic Table of Contents (United Kingdom)

Purpose - Under the pressure of competition from non-state-owned enterprises (non-SOEs) since the Renovation in 1986, the Government of Vietnam has sought to reform state-owned enterprises (SOEs) in order to improve their productivity and efficiency. Whilst the theoretical efficiency benefits from the SOE reform have interested many, this study seeks to add empirical insights to this debate using Williamson's transaction cost economics (TCE). Design/methodology/approach - Organizational integration and transaction costs - two dimensions of firm efficiency - were compared between SOEs and non-SOEs using multivariate analyses of variance (MANOVA). The analysis was conducted in the context of the within-firm logistics processes of international multimodal transport (IMT) in Vietnam. Findings ...

2011-01-01

2

Can Production Subsidies Explain China's Export Performance? Evidence from Firm-level Data  

DEFF Research Database (Denmark)

This paper analyses the relationship between production subsidies and firms" export performance using a very comprehensive and recent firm-level database and controlling for the endogeneity of subsidies. It documents robust evidence that production subsidies stimulate export activity at the intensive margin, although this effect is conditional on firm characteristics. In particular, the positive relationship between subsidies and the intensive margin of exports is strongest among profit-making firms, firms in capital-intensive industries, and those located in non-coastal regions. Compared to firm characteristics, the extent of heterogeneity across ownership structure (SOEs, collectives, and privately owned firms) proves to be relatively less important

2009-01-01