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Measuring The Technological Leadership Of International Joint Ventures In A Transforming Economy, Kong Wing, Clement Chow, Ka Yiu, Michael Fung
Measuring The Technological Leadership Of International Joint Ventures In A Transforming Economy, Kong Wing, Clement Chow, Ka Yiu, Michael Fung
Hong Kong Institute of Business Studies Working Paper Series
This paper introduces technical efficiency as an objective criterion for measuring the performance of international joint ventures in China. We compute the estimates of time-invariant and time-varying technical efficiency in four major manufacturing industries in Shanghai. We show that international joint ventures are in general more technically efficient than domestic firms in the industries of textile, machinery and equipment, and electronics and telecommunications equipment are widening in our sample period although the industrial reforms and active technology policies have improved the productivity of domestic firms. However, in the clothing industry, the technical efficiency of domestic firms, especially state-owned firms, is …
Profitability And Technical Efficiency : A Performance Evaluation Of International Joint Ventures In Shanghai's Manufacturing Industries, Kong Wing, Clement Chow, Ka Yiu, Michael Fung
Profitability And Technical Efficiency : A Performance Evaluation Of International Joint Ventures In Shanghai's Manufacturing Industries, Kong Wing, Clement Chow, Ka Yiu, Michael Fung
Hong Kong Institute of Business Studies Working Paper Series
This paper studies the relationship between accounting profits and efficiency of manufacturing enterprises in Shanghai during the period of 1989-1992 and examines which factors affect the profitability of manufacturing enterprises. In 1990, the industrial reform was sped up, a Chow test is used to test for the presence of any structural break and our empirical test confirms its presence. In addition, this paper also tests for the presence of ownership effects on profits. Our results indicate that the profits of international joint ventures are more persistent than the rest of ownership types and industries.