Intriguingly, the affirmative impact is more pronounced for high market maturity provinces and heavy polluting industries compared to low market maturity provinces and non-heavy polluting industries. Moreover, political connections exhibit a positive moderating effect between the state-owned capital and ESG...
Private enterprises are one of the important engines of economic development, and the “reverse mixed-ownership reform” of state-owned capital participating in private enterprises is of great significance for improving the market-oriented allocation of factor resources and supporting the high-quality dev...
In addition to the profitability objective, there is also the emphasis that mixed-ownership reforms are the means for SOEs to become “bigger, stronger, and more efficient”. This paper is purported to investigate one particular aspect of the emphasis noted above. The research questions to be ...
The findings reveal that a higher level of state ownership is superior to a dispersed ownership structure due to the benefits of government support and political connections. The Split Share Structure Reform made previously non-tradable shares legally tradable, improving corporate governance and reducing...
Moreover, the impact of state ownership is more salient in regions where the financial system, the legal system and the overall development ofinstitutions are better developed. Our evidence highlights the importance of politicalconnections in emerging markets. 展开 ...
This study summarizes the economic and political developments relating to privatization, state capitalism, and state ownership of business since 2000 and then surveys the extensive recent research examining these issues empirically. Through the early 21st century, there was an unambiguous global trend towa...
摘要: For a sample of 42 countries, I examine firms whose controlling shareholders and top managers are members of national parliaments or governments. I find that th关键词: Politican connections ownership structure board structure DOI: 10.2139/ssrn.305099 被引量: 679 ...
2. Evolution of SOE reform and Party leadership in SOEs 3. The Party’s role in Chinese SOEs: A theoretical underpinning 4. Overview of political governance in Chinese SOEs 5. State ownership and reforms 6. Party cadre management in Chinese SOEs 7. Party committees’ participation in SOE deci...
Political Connection, Ownership Structure, and Corporate Philanthropy in China: A Strategic-Political Perspective This paper investigates whether philanthropic giving decisions and amount of charitable giving are related to firms' political connections and ownership ty... Sihai,Li,Xianzhong,... - 《Journal...
(2019). State Ownership and Political Connections. Journal of Management, 45(6), 2293-2321. Article Google Scholar Vandevelde, K. J. (2017). The political economy of a bilateral investment treaty. In Globalization and International Investment (pp. 47-67). Routledge. Wang, C., Hong, J....