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The Pace of Change : Socially Responsible Investing in Private Markets

Gupta, Deeksha; Kopytov, Alexandr; Starmans, Jan - 2021

We study the pace at which socially responsible investors can induce firms to reduce negative externalities in private capital markets. Investors with broad preferences, who care about firm externalities independent of their ownership in the firm, value acquiring firms with high production...

Persistent link: https://www.econbiz.de/10013217410

Mixed Ownership Reform and Corporate Governance in China’s State-Owned Enterprises

Wang, Jiangyu - 2020

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...

Persistent link: https://www.econbiz.de/10012847112

Private Shareholder Engagements on Material ESG Issues

Bauer, Rob; Derwall, Jeroen; Tissen, Colin - 2022

We study private shareholder engagements with 2,465 publicly listed firms from 2007 to 2020 about environmental, social, and governance (ESG) issues. We examine to what extent private engagements address financially material ESG issues and contribute to firm performance. We find that around 75%...

Persistent link: https://www.econbiz.de/10013403007

The Need for a New Theory of Economic Reform

Currie, Carolyn V. - 2006

determining the success or failure of policies of liberalisation and privatization, illustrates the need for a concise theoretical …

Persistent link: https://www.econbiz.de/10012734628

Reforming Private Securities Litigation in China : The Stock Market Has Already Cast its Vote

Xu, Wenming - 2016

This paper employs a natural experiment research design to analyze the differences in the effects of the 2002 notice concerning private securities litigation issued by the Supreme People's Court on stock price performance in A/B-share markets. Using a sample of 162 twin A/B-shares issued by 81...

Persistent link: https://www.econbiz.de/10013005511

Does Privatization Reform Alleviate Ownership Discrimination? Evidence from the Split-Share Structure Reform in China

Liu, Jinyu - 2019

probability of privatization. The effects were more pronounced among SOEs under higher threats of privatization (e.g., firms with … side of privatization reforms in mitigating credit misallocation, and enlightens policy makers to practical resolutions to …

Persistent link: https://www.econbiz.de/10012902157

Does Privatization Reform Alleviate Ownership Discrimination? Evidence from the Split-share Structure Reform in China

Liu, Jinyu - 2020

perspective of investment-cash flow sensitivity, and the effects of privatization reform on muffling the institutionally …

Persistent link: https://www.econbiz.de/10012855282

Reform of state-owned enterprises in Viet Nam to increase performance and profit

Kim, Kunmin; Nguyen Anh Tru - 2019

In Viet Nam, the reform of state-owned enterprises (SOEs) in recent years has become an essential mission to improve their performance in the context of international economic integration. It also represents the commitment of the Vietnamese Government to renovating economic institutions as well...

Persistent link: https://www.econbiz.de/10012063856

China’s Mixed-Ownership Reform and SOE Profitability

Zhang, Yufei; Liu, Deqiang - 2023

purchase shares of SOEs, so it can be regarded as a privatization plan for SOEs. Using the Difference-in-Differences (DiD … suggests that privatization enhances SOE profitability by reducing redundant workers, administrative fees, and related … privatization can enhance firm performance under China's ongoing mixed-ownership reform …

Persistent link: https://www.econbiz.de/10014353509

Internal vs. external corporate social responsibility at U.S. banks

Bolton, Brian - In: International Journal of Financial Studies : open … 8 (2020) 4/65, pp. 1-28

This study analyzes the effect that banks' investments in corporate social responsibility (CSR) have on bank performance. I find that banks' investments in CSR have a positive impact on financial performance, measured in terms of both accounting performance and stock market value. However, not...

Persistent link: https://www.econbiz.de/10012321121

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