State-Owned and Privately Owned Firms: An Empirical Analysis of Profitability, Leverage, and Labor Intensity

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State-Owned and Privately Owned Firms: An Empirical Analysis of Profitability, Leverage, and Labor Intensity by Kathryn L. DeWenter and Paul H. Malatesta. Published in volume 91, issue 1, pages 320-334 of American Economic Review, March 2001

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Dewenter et al. (Thu,) studied this question.

synapsesocial.com/papers/69dccad3481b6ebcb5e52d05 https://doi.org/https://doi.org/10.1257/aer.91.1.320