Purpose Since the implementation of reform and opening up, China has made remarkable achievement in terms of economic reform and development. China’s path, as well as its experience, has simultaneously gained worldwide concerns. Developing the market economy against the backdrop of socialism...

Previous studies have primarily focused on the relative success of collectively owned enterprises (COEs) in China during the early years of reform, but they have ignored the agency problems inherent in this type of organizational form that may be an obstacle to further improving performance in a...

Mergers between state-owned enterprises(SOEs) and private enterprises(PEs) have attracted increasing attention, especially in low-carbon industries, as a way to realize mixed ownership reform. This paper examines the impact of these horizontal mergers on carbon emissions, profits, social...