Chen, Donghua; Li, Oliver Zhen; Xin, Fu - In: China journal of accounting research : CJAR 10 (2017) 3, pp. 189-204
An important factor influencing corporate finance and economic growth in China lies in its government sponsored industrial policies. Examining China’s five-year plans during 1991-2010, we find that state-owned firms in government supported industries enjoy faster growth in initial public...
