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Can Chinese State Owned Enterprises Fulfill Both Social and Corporate Objectives? Efficiently?

Cheng, Quan - 2014

In China, state governance in corporations serves the purpose of Party control over the political, social, and economic …. Both objectives must be controlled and managed well through the corporate sector in order for China to successfully advance …

Persistent link: https://www.econbiz.de/10013058616

Do business groups affect corporate cash holdings? : evidence from a transition economy

Cai, Weixing; Zeng, Cheng; Lee, Edward; Ozkan, Neslihan - In: China journal of accounting research : CJAR 9 (2016) 1, pp. 1-24

We examine whether business groups’ influence on cash holdings depends on ownership. Group affiliation can increase firms’ agency costs or benefit firms by providing an internal capital market, especially in transition economies characterized by weak investor protection and difficult...

Persistent link: https://www.econbiz.de/10011844586

Mixed Ownership Reform and Corporate Governance in China’s State-Owned Enterprises

Wang, Jiangyu - 2020

reform in China. It also conducts empirical studies of the change in ownership and board composition in over 30 SOEs which … have recently completed their MOR experiments, as well as, several case studies including China Unicom's MOR. We observe … argue that the MOR programme is driven by three current beliefs of the Chinese Party-state on the future of SOEs in China …

Persistent link: https://www.econbiz.de/10012847112

State Capitalism vs. Private Enterprise

Chen, Donghua - 2017

We study the efficiency of capital allocations at state-controlled and privately owned business groups in China. Using …

Persistent link: https://www.econbiz.de/10012972324

State Capitalism vs. Private Enterprise

Chen, Donghua - 2017

We study the efficiency of capital allocations at state-controlled and privately owned business groups in China. Using …

Persistent link: https://www.econbiz.de/10012972325

State Ownership, Cross-Border Acquisition, and Risk-Taking : Evidence from China's Banking Industry

Zhu, Wenyu - 2016

adequacy ratio and liquidity ratio. By compiling a complete list of cross-border acquisitions in China's banking sector, we …

Persistent link: https://www.econbiz.de/10013005596

Control Rights, Pyramids and Expropriation of State-Owned Listed Enterprises : Evidence from the Dual Class Share Reform in China

Watanabe, Mariko - 2015

structures exist. In China, dual class share and pyramiding coexisted in listed companies until the dual share reform was …

Persistent link: https://www.econbiz.de/10013027435

State Ownership, Soft-Budget Constraints, and Cash Holdings : Evidence from China's Privatized Firms

Megginson, William L. - 2015

We study the relation between state ownership and cash holdings in China's share-issue privatized firms from 2000 to …

Persistent link: https://www.econbiz.de/10013031410

Do Government Controllers Use the Corporate Control Market to Help Improve the Performance of Publicly Listed Chinese SOEs?

Ke, Bin - 2015

We examine whether the corporate control market is an important governance mechanism that the controlling shareholders of publicly listed Chinese SOEs employ to improve the performance of less efficiently run Chinese SOEs. Using an econometric methodology advocated by Maddala (1983), we show...

Persistent link: https://www.econbiz.de/10013020016

Institutional Ownership and Corporate Governance of Public Companies in China

Guo, Lin - 2019

and institutional foundation of the capital markets in China. In contrast, ownership by grey institutions is in general …

Persistent link: https://www.econbiz.de/10012865418