Abstract
This paper studies the relationship between accounting profits and technical efficiency of manufacturing enterprises in Shanghai during the period 1989–1992 and examines which factors affect the profitability of manufacturing enterprises. We first estimate the average technical efficiency of four major manufacturing industries in Shanghai. Then, we test for the presence of ownership effects of technical efficiency on profits of those enterprises in these four industries.
| Original language | English |
|---|---|
| Pages (from-to) | 351-367 |
| Number of pages | 17 |
| Journal | Asia Pacific Journal of Management |
| Volume | 16 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 1 Dec 1999 |
Bibliographical note
We would like to thank anonymous referees and Dr Kulwant Singh for helpful comments.Funding
We also thank the funding from Research Grants Council, University Grants Committee, Hong Kong, under the project: “Foreign Investment and Economic Development in People’s Republic of China” and the support from the Chinese Management Research Group, Faculty of Business Administration, Chinese University of Hong Kong and the Hong Kong Institute of Business Studies, Faculty of Business, Lingnan College.