【Abstract】: Using the data of SOEs and Non-SOEs in industrial sector of China from 1998 to 2007, we investigate the impact of privatization on TFP. We construct a difference in difference model and use propensity score method to avoid the selection bias. We use the type of enterprises registration to identify the SOEs and define the privatization. The regress results show, privatization of SOEs can improve the efficiency of enterprises significantly. Some characteristics of firms will affect the effect of privatization. Our results are robust even if we use another classification criterion of types of firms.

　　【Key Words】:Privatization; TFP; SOE.

　　本文刊登于《Annals of Economics and Finance》，2017，Vol.18。罗知*为通讯作者，该期刊为SSCI收录，为学院B类奖励期刊。