How to improve the operational efficiency of state-owned enterprises (SOEs) is an important issue facing emerging economies or developing countries. This study investigates whether and how business strategies of SOEs affect the participation of non-state-owned ...
Based on the data of China Industrial Enterprise Database, this paper uses the propensity score matching double difference method (PSM-DID) to study the impact of mixed ownership reform of state-owned enterprises on enterprise performance. The study found that mixed ownership reform of state-owned enterprises can enhance the performance of …
Mixed ownership reform and non-state-owned enterprise innovation: Evidence from China - Author: Runze Ling, Ailing Pan, Lei Xu 1. Introduction Non-state-owned enterprises (non-SOEs), or privately owned firms, have played a crucial role in China''s remarkable ...
This Article provides an early assessment of the impact on corporate governance of the most recent wave of SOE reform announced by the CCP in 2013, officially …
The state-owned capital budget has been basically presented the characteristics of internal circulation since it was piloted in 2007. However, such structure of state-owned capital budget expenditure will maybe change after the reform of mixed ownership. On the basis...
The Chinese government initiated a new round of state-owned enterprise (SOE) reform in 2015 to improve SOE''s performance with a focus on introducing multiple …
It is widely acknowledged that state-owned enterprises (SOEs) still play an important role in the Chinese economy; they employ nearly 6% of China''s overall population, and most are concentrated in the upstream capital intensive and high value-added industries ...
Based on the background of mixed ownership reform of SOEs, this paper uses SOEs listed on the A-share market in China from 2008 to 2019 as the research sample, constructs the fixed effect …
What effect do SOEs – a hybrid of the two entities – have on innovation? The answer is controversial. These micro-organizations, reflecting the combination of state power in the form of ownership and private enterprise, have experienced prosperity and decline (Guan et al., 2021), and the academic community''s cognition of SOEs presents complexity in views.
Mixed-ownership reform will help enterprises improve corporate governance, reduce managers'' moral hazard, and encourage enterprises to carry out innovative activities by the higher proportion of non-state-owned shares, employee stock ownership plan, and the
Xu Li Xiu-Min Li Zhitao Wang. Business, Economics. Emerging Markets Finance and Trade. 2022. ABSTRACT This article uses China''s listed SOEs from 2013–2020 as …
In recent years, the innovation of state-owned listed enterprises has gained substantial momentum in academic research due to their vital role in sustainable economic development. This article examines and evaluates the influence of mixed-ownership reform on the innovation strategy of Chinese State-Owned Enterprises (SOEs) from the two dimensions of …
It covers the key elements of corporate governance, including legal and regulatory framework, state ownership arrangements, performance management systems, financial and fiscal discipline, boards of directors, transparency and disclosure, and protection of
Under the background of the mixed-ownership reform of state-owned enterprises (SOEs), we investigate the involvement of non-SOEs shareholders in fostering the digital transformation of SOEs. We find that the active engagement of non-SOEs shareholders plays a pivotal role in expediting the digital transformation process of SOEs.
The strategic choice of state-owned enterprises (SOEs) is crucial to the sustainable development of China''s economy. This paper explores the impact of mixed-ownership reform on ...
Abstract. This research delves into the impact of mixed-ownership reform on carbon dioxide emissions within State-Owned Enterprises (SOEs), leveraging Propensity …
This paper examines the transformative impact of mixed ownership reform on total factor productivity (TFP) across monopolized and competitive industries. Utilizing a robust double-difference and moderating effect model, the study dissects the diverse effects of these reforms, initiated by key global events such as British Telecom''s 1984 stock offering and …
Ma Hong, Yang Yufan, and Zhu Yanyan (2021). Mixed ownership reform and R&D investment incentives for state-owned enterprises -Taking Yunnan Baiyao Group as an example ...
Abstract: Mixed-ownership reform is an important strategic deployment in the current reform of state-owned enterprises, aiming to achieve complementary advantages of both through the …
ABSTRACT This paper employs a multiple regression model to empirically investigate the economic effects of Chinese private enterprises'' reverse mixed-ownership reform from the perspective of earnings quality. The results indicate that state-owned capital ...
The inefficiency observed in investment within state-owned enterprises presents a significant practical challenge that can affect the sustainable development of China''s economy. To address this issue, this study comprehensively explores the intricate mechanisms underlying the governance implications of mixed ownership on the investment efficiency of listed …
This Article provides an early assessment of the impact on corporate governance of the most recent wave of SOE reform announced by the CCP in 2013, officially known as the mixed-ownership reform (MOR). It offers a comprehensive and detailed account of the background, policy and regulatory frameworks, and rationale of the MOR in light of the …
Practicing the paradigm for sustainable environment, society, and governance (ESG) in the mixed-ownership reform (MOR) of state-owned enterprises (SOEs) is a new opportunity for emerging economies to participate in global …
Does the mixed‐ownership reform improve the productivity of state‐owned enterprises? Evidence from companies listed in Chinese stock Fan Zhang, Fei Wang and Qiao Wang
In terms of the mechanism of action, state-owned capital participation positively impacts corporate transparency by increasing investors'' attention. Further research finds that the positive effect of state-owned capital participation on foreign-funded enterprises and
In the academic field, the relationship between mixed-ownership reform of SOEs and TFP has been analyzed from different perspectives. According to property rights theory, the low efficiency of SOEs is derived from a series of principal-agent problems and a loss of ...
The current initiative to restructure state-owned firms is primarily centred on intensifying their process of transformation. The reform process has progressed from the notion of "mixed property rights" to the notion of "mixed mechanism" in a more precise manner.
Mixed Ownership Reform and Financial Asset Allocation of State-Owned Enterprises[J]. Journal of Financial Research, 2021, 489(3): 114-131. URL:
Keywords State-owned enterprise (SOE) Mixed ownership reform Environmental response Environmental regulation Risk-taking level Acknowledgements The authors would like to thank all the researchers who participated in the expert panel or the pre-test of this ...
This research delves into the impact of mixed-ownership reform on carbon dioxide emissions within State-Owned Enterprises (SOEs), leveraging Propensity Score Matching (PSM) and Difference-in-Difference (DID) estimation methodologies. The results gleaned from ...
The report of the 19th National Congress pointed out that it is necessary to develop a mixed ownership economy and cultivate world-class enterprises. This paper analyzes the ...
Mixed-ownership reform is an important strategic deployment in the current reform of state-owned enterprises, aiming to achieve complementary advantages of both through the introduction of non-state-owned shares, thereby enhancing the economic and social benefits of state-owned enterprises. In the context of SOEs undertaking mixed ownership reform, this paper examines …
Using data on China''s A-share private listed companies between 2003 and 2020, we empirically test the impact of participating in the mixed-ownership reform of state-owned enterprises on private enterprises'' investment efficiency. We find that such participation
The results show that the MOR significantly improves the comprehensive ESG performance and that in different branches of SOEs, especially SOEs with large capital scale, …
Our study enriches the literature of mixed-ownership reform and auditor choice and provides empirical evidence of the economic consequences of mixed-ownership reform, which is relevant for guiding future state-owned …
It then reviews alternative reform strategies, including management contracts, performance contracts, policies to increase competition in sectors dominated by state-owned enterprises, and public-private partnerships (PPPs). State-owned enterprises are1971).
