This paper investigates whether China's SOE classification reform, which divided SOEs into competitive SOEs dedicated to profitability and public-welfare SOEs dedicated to social benefits, and led to the specialized functional positioning of SOEs, affects SOEs' innovation. Using patent data of...

The quality of governance crucially affects corporate outcomes, and may be particularly important for state-owned enterprises (SOEs) not disciplined by market competition forces. We examine the impact of board composition on the performance of companies controlled by public entities in Italy....