IDEAS home Printed from https://ideas.repec.org/a/bla/etrans/v10y2002i3p585-617.html
   My bibliography  Save this article

China's emerging market for property rights: Theoretical and empirical perspectives1

Author

Listed:
  • Gary H. Jefferson
  • Thomas G. Rawski

Abstract

his paper contrasts state–directed and market–mediated reform of enterprise ownership rights in transition economies. We evaluate China's emerging market for enterprise ownership rights from the perspective of conditions underpinning the Coase Theorem: the assignment of property rights, the degree of competition, and the nature of transaction costs. China's recent experience suggests that policies designed to expand and support the scope of decentralized, market–based restructuring of ownership rights, even under conditions that deviate widely from the ideal assumptions underlying the Coase Theorem, may prove more beneficial than direct official intervention. JEL classification: G34, K11, L1 and P3.

Suggested Citation

  • Gary H. Jefferson & Thomas G. Rawski, 2002. "China's emerging market for property rights: Theoretical and empirical perspectives1," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 10(3), pages 585-617, November.
    • Handle: RePEc:bla:etrans:v:10:y:2002:i:3:p:585-617
    DOI: 10.1111/1468-0351.00126
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1468-0351.00126
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1468-0351.00126?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lawrence Lai & Frank Lorne, 2014. "Ambiguous Property Rights: A Taxonomic and Exploratory Account of Post-colonial Rural Housing in Chinese Hong Kong," Urban Studies, Urban Studies Journal Limited, vol. 51(10), pages 2052-2067, August.
    2. Liu, Yixin & Liu, Yu & Wei, Zuobao, 2022. "Property rights protection, financial constraint, and capital structure choices: Evidence from a Chinese natural experiment," Journal of Corporate Finance, Elsevier, vol. 73(C).
    3. Linda Yueh, 2010. "Thirty years of legal and economic reform in China: growth, institutions, and laws," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 8(2), pages 117-132.
    4. Yeoh, Siew-Boey & Hooy, Chee-Wooi, 2024. "Is the military CEO aggressive or conservative? Differences in legal and cultural factors around the world," Research in International Business and Finance, Elsevier, vol. 70(PA).

    More about this item

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • P3 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:etrans:v:10:y:2002:i:3:p:585-617. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/ebrdduk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.