This impact of the COVID-19 on state-owned enterprises (SOEs) and non state-owned enterprises (NSOEs) are different. In addition, the benefits obtained by SOEs and NSOEs through value-added tax (VAT) reduction policy are not the same as well. COVID-19 adversely affect Chinese listed firms but...

This study investigates the relationship between corporate social performance (CSP) and investment inefficiency in the Chinese stock market. Using the unique CSP ratings scores from the Rankins CSP Ratings (RKS), we find that socially responsible firms are more efficient in their investment. We...

We study the impact of government-led incentive systems by examining a staggered reform in the Chinese state-owned enterprise (SOE) performance evaluation policy. To improve capital allocative efficiency, in 2010, regulators switched from using return on equity (ROE) to economic value added...