Profitability, Ownership Structure and Technical Efficiency of Enterprises in the People's Republic of China: A Case of Manufacturing Industries in Shanghai

Ka Yiu, Michael FUNG, Kong Wing, Clement CHOW, Kai Hong, Ken WAN

Research output: Journal PublicationsJournal Article (refereed)peer-review

9 Citations (Scopus)


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 languageEnglish
Pages (from-to)351-367
Number of pages17
JournalAsia Pacific Journal of Management
Issue number3
Publication statusPublished - 1 Dec 1999

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