DOI: 10.1016/j.pacfin.2023.102182 Corpus ID: 264081371; Does the mixed-ownership reform of Chinese state-owned enterprises improves their total factor productivity? @article{Zhang2023DoesTM, title={Does the mixed-ownership reform of Chinese state-owned enterprises improves their total factor productivity?}, author={Shijin Zhang and …
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 …
Research on the Influence of Mixed Ownership Reform of State Owned Enterprises on Corporate Performance—Taking Yunnan Baiyao as an Example December 2022 DOI: 10.2991/978-94-6463-054-1_53
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 …
3) In order to avoid deleting too many reformed enterprise samples, the mixed ownership reformed enterprises are defined as those with the proportion of state-owned capital greater than or equal to 5% and less than or equal to 95%, i.e., the proportion of state-owned capital after the mixed ownership reform is [0.05,0.95].
We investigate whether ESG performance is a criterion for state-owned enterprises (SOEs) to introduce capital from private enterprises in mixed ownership reforms. Using a sample of A-share private listed companies in china during 2010–2020, we find that private enterprises'' ESG performance is positively associated with the …
The explanatory variable, the equity balance between state-owned shareholders and non-state-owned shareholders of SOEs'' mixed-ownership reform (Mixrate) has a mean value of 22.8%, indicating that the equity balance of mixed-ownership reform SOEs is not high, the shareholding ratio of non-state-owned …
The mechanism test states that the impact of mixed-ownership reform on enterprise strategy is achieved through the balance effect between non-state-owned …
Reform on the Mixed Ownership Reform of State-Owned Enterprises in China Based on Internet Data Analysis Huawei Wan 1,2 1 School of Marxism, Hainan Vocational University of Science and Technology, Haikou, Hainan, 571126, China 2 School of Marxism
This paper measures enterprises'' innovation from three perspectives—the scale, structure and quality of innovation output—and investigates the innovation effect of mixed ownership reform (MOR). We find that MOR enhances the scale of innovation output, optimizes the innovation structure, and improves the innovation quality of state …
Based on these, the current study integrates the mixed-ownership reform and TFP into the research framework, and investigates the effects of the mixed …
DOI: 10.1016/j.eap.2023.05.012 Corpus ID: 258800319; Can mixed-ownership reform boost the digital transformation of state-owned enterprises? @article{Yan2023CanMR, title={Can mixed-ownership reform boost the digital transformation of state-owned enterprises?}, author={Lina Yan and Xu Ling and Zhitao Wang and Yinuo Xu}, …
We examine the relation from the mixed-ownership reform to the degree of stock price synchronicity by using a sample of 1211 listed State Owned Enterprises (SOEs) for the period of 2003–2018 in ...
Does the mixed‐ownership reform improve the productivity of state‐owned enterprises? Evidence from companies listed in Chinese stock Fan Zhang …
The results show that the MOR significantly improves the comprehensive ESG performance and that in different branches of SOEs, especially SOEs with large …
Despite the apparent costs of state ownership, including political considerations, soft budget constraints, and weak profit motivations, there is a rational choice for state ownership in cases ...
We examine the relation from the mixed-ownership reform to the degree of stock price synchronicity by using a sample of 1211 listed State Owned Enterprises (SOEs) for the period of 2003–2018 in ...
PUBLISHED 06 September 2022. CITATION. Xia W and Zhou X (2022), Research on the impact of mixed ownership reform on innovation of state-owned enterprises: Evidence from Chinese industrial ...
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 mixed ownership reform aims to improve the property rights structure of the state−owned enterprises (SOEs) and reduce agency costs, and the current mixed reform strategies mainly include ...
This Article provides an early assessment of the impact on corporate governance of the most recent wave of reform of China''s state-owned enterprises …
Building world-class enterprises though mixed-ownership reform: explaining performance differences in minority and majority state-owned enterprises - Author: Hongwei Liao, Mingyue Li, Ari Van Assche, Jiaojiao Zheng, Liangping Yang
Why is the ownership reform of state-owned enterprises hot again? The problem may be that there is still a lack of consensus on the realization form of mixed ownership economy in theory. ... sales profit rate of 3%; non-state-owned shares increase labor productivity, the proportion of non-state-owned shares increased by 1 per cent, per …
The independent variable is the mixed-ownership reform of SOEs(Mix_dep),and the measurement and calculation of it is to follow the method of (Wei et al., 2017), which measure and calculate the level of SOEs'' mixed-ownership reform through the dimensions of ownership structure circumstance and the high-level …
The majority of state-owned enterprises (SOEs) in China were privatized through ownership reforms over the last two decades. Using a comprehensive dataset of all medium and large enterprises in China between 1998 and 2013, we show that privatized SOEs continue to benefit from government support relative to private enterprises.
PUBLISHED 06 September 2022. CITATION. Xia W and Zhou X (2022), Research on the impact of mixed ownership reform on innovation of state-owned enterprises: Evidence from Chinese industrial ...
Mixed-ownership reforms can be seen as the culmination of the successive programmes of reforming China''s SOEs in the past four decades. Lin et al. (2020) identify five programmes, or five stages, of the reform of SOEs. These, namely, are: the programme of relegating decision-making power from the state to the Soviet-type …
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 …
DATA AVAILABILITY STATEMENT. Based on the content of the financial statements of listed companies and publicly released information, this paper manually collects the number of shares held by the top ten shareholders of nonstate-owned enterprises in A-share listed companies from 2008 to 2019 and the nature of …
Another group of scholars paid more attention to state-ownership reforms. Until the mid-1990s, such reforms were confined within managerial autonomy, i.e., power decentralization, profit retention and contractual responsibility (Bai et al., 2006) 1998 the Premier Zhu Rongji initiated the reform to ''invigorate large enterprises and let go of …
Reform of state-owned enterprises State-owned enterprises (SOEs) are the backbone of our national economy ... such as diversification of forms of ownership – including introduction of mixed ...
programme is driven by three current beliefs of the Chinese Party-. state on the future of SOEs in China. First, ownership and. ownership reform matter. Second, shari ng control, rather than ...
This paper analyzes the history, background and significance of the reform of state-owned enterprise mixed system with the aim of exploring the path of mixed ownership reform of state-owned enterprises. Based on the analysis of the existing problems, some suggestions are proposed. Export citation and abstract BibTeX RIS. …
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 …
3.2. Regression model Our baseline regression for testing the hypothesis is as follows: • (1) SFLI i, t = β 0 + β 1 REFORM i, t + βX + λ i + γ t + ε i, t where i and t index firms and years, respectively.SFLI i,t is the level of short-term debt for long-term investment of the firm i in year t..
It also evaluates the differential influence that political connectedness has on firm performance in the two types of SOEs.,Using a panel data set of Chinese state-controlled mixed-ownership enterprises covering the period 2010–2019, this paper uses ordinary least squares, random-effects, fixed-effects and three stage least squares …
We add the following variables at the enterprise level into the regression model: (1) Company size (Asset), the logarithm of total assets; (2) Age (Age), total years of establishment of the company, in logarithm; (3) Asset-liability ratio (Lev), total liabilities divided by total assets; (4) Financial performance (Roa), net profit divided by operating …
This article offers a detailed analysis of the policy design of the current fourth round of state-owned enterprise (SOE) corporate restructuring in China. ... [''The Endogenous Nature of the Tasks and Obstacles of the Mixed Reform of State-Owned Enterprises and the Way ... Yu Zheng, ''China''s State-Owned Enterprise Mixed Ownership Reform ...