Ma, Xinxiao; Dou, Xiaochen; Tang, Taijie - In: China journal of accounting studies 12 (2024) 1, pp. 1-24
We study the impact of transportation infrastructure construction on the degree of mixed-ownership reform of local state-owned enterprises. We find that the opening of high-speed rail can significantly promote the mixed ownership reform process of local state-owned enterprises. Mechanism testing...