Replication data for: Hayek, Local Information, and Commanding Heights: Decentralizing State-Owned Enterprises in China
Principal Investigator(s): View help for Principal Investigator(s) Zhangkai Huang; Lixing Li; Guangrong Ma; Lixin Colin Xu
Version: View help for Version V1
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Project Citation:
Huang, Zhangkai, Li, Lixing, Ma, Guangrong, and Xu, Lixin Colin. Replication data for: Hayek, Local Information, and Commanding Heights: Decentralizing State-Owned Enterprises in China. Nashville, TN: American Economic Association [publisher], 2017. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113063V1
Project Description
Summary:
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Hayek (1945) argues that local information is key to understanding the efficiency of alternative economic systems and whether production should be centralized or decentralized. The Chinese experience of decentralizing SOEs confirms this insight: when the distance to the government is farther, the SOE is more likely to be decentralized, and this distance-decentralization link is more pronounced with higher communication costs and greater firm-performance heterogeneity. However, when the Chinese central government oversees SOEs in strategic industries, the distance-decentralization link is muted. We also consider alternative agency-cost-based explanations, and do not find much support.
Scope of Project
JEL Classification:
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D22 Firm Behavior: Empirical Analysis
D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
L25 Firm Performance: Size, Diversification, and Scope
L32 Public Enterprises; Public-Private Enterprises
L33 Comparison of Public and Private Enterprises and Nonprofit Institutions; Privatization; Contracting Out
O14 Industrialization; Manufacturing and Service Industries; Choice of Technology
P31 Socialist Enterprises and Their Transitions
D22 Firm Behavior: Empirical Analysis
D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
L25 Firm Performance: Size, Diversification, and Scope
L32 Public Enterprises; Public-Private Enterprises
L33 Comparison of Public and Private Enterprises and Nonprofit Institutions; Privatization; Contracting Out
O14 Industrialization; Manufacturing and Service Industries; Choice of Technology
P31 Socialist Enterprises and Their Transitions
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