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The financial distress of state-owned enterprises (SOEs) has become the main focus of numerous researchers due to the ongoing financial burden on the state and their inability to secure independent funding. The purpose of this study is to investigate the variables that affect the financial...
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of linear regression model and its management through software SPSS-Amos 23. As a result, the study found that subsidy is … funding is still maintaining subsidy every year. Instead, financial health would be enhanced if the government limits the …
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