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This paper investigates the free cash flow productivity of SOEs compared with non-SOEs and examines its possible … determinants. We find that SOEs have slightly weak free cash flow productivity but significantly stronger than non-SOEs. Similar …
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uses panel data models based on generalizations of Gibrat's law, total factor productivity estimates and matching methods …
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uses panel data models based on generalizations of Gibrat's law, total factor productivity estimates and matching methods …
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