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Research seminar with Assistant Professor Fan Xia

April 5, 2013 @ 10:30 am - 11:45 am

Fan XiaIntroduction

Fan Xia is an Assistant Professor of Strategic Management at the Guanghua School of Management at Peking University. He received his PhD degree from University of California, Los Angeles. Professor Xia’s research interests lie in the fields of Strategy and IO, especially corporate growth, corporate ownership structure, innovation, diversification, M&A, corporate inertia and corporate financial risks.

 

Abstract

“How Much Does Owner Type Matter for Firm Performance? Manufacturing Firms in China 1998-2007”

Who owns the firm (the state, corporations, private individuals, 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, size, the year of measurement and unobserved attributes of the firm itself. The data are on manufacturing firms in mainland China from 1998 to 2007. Ownership has been a salient topic of research on China as the country has undergone an intensive process of privatization. We find that the effect of owner type is statistically significant but smaller than the effect of the firm itself. This result suggests that in China the interests of a firm’s owner are less important for performance than the firm’s specific capabilities. We also show that the ownership effect is only marginally moderated by the firm’s size and geographical region. Finally, which industry a firm belongs to within the Chinese manufacturing sector explains a significant but very small amount of performance variation, a result that runs counter to studies of companies in the United States.

Details

Date:
April 5, 2013
Time:
10:30 am - 11:45 am
Event Category:
Event Tags:
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Venue

Kilen CBS
Kilevej 14A, room k.2.75
Copenhagen, 2000 Denmark

Organizer

Department of Strategic Management and Globalization