• Home
  • Now
  • RSS

HPSHELTON

Programming, Privacy, Politics, Photography

Mar 25, 2011

Entrepreneurship in China →

China's state-controlled entities are not particularly profitable. A study by Qiao Liu, a professor at the University of Hong Kong, concludes that the average return on equity for companies wholly or partly owned by the state is barely 4%, despite the benefit of cheap leverage provided by government-controlled banks. According to a recently published paper by Mr Liu and a colleague, Alan Siu, the returns of unlisted private firms are no less than ten percentage points higher.

Capitalism wins again...

Older →

← Newer

 

Links

  • RSS
  • GitHub
  • Liked Posts
  • LinkedIn

H. Parker Shelton

I'm just an ordinary thirty-something who's had some extraordinary opportunities. I graduated from Johns Hopkins University, work for Microsoft in Silicon Valley, code websites and applications, take the occasional photograph, and keep a constant eye on current events, politics, and technology. This blog is the best of what catches that eye.

 
  • © 2010 – Present, H. Parker Shelton (Except Where Noted)
  • Hosted by GitHub Pages
  • Design by Ian P. Hines