State-owned enterprises (SOEs)—refer to Sect. 1.2.1 below for a definition—are important, especially in an Asian context. According Fortune Magazine’s (2018) 500 list, three out of the world’s top-10 largest companies by revenues were Chinese SOEs: State Grid (rank 2), Sinopec 3), and China National Petroleum 4). Depending on degree direct indirect government support, next five ranks contain at...

Implicit guarantees provided by financial intermediaries are a key component of China's shadow banking sector. We show theoretically that project screening intermediaries, accompanied their implicit to investors, can be the second-best arrangement and mitigate capital misallocation favors state-owned enterprises (SOEs). Using dataset trusts’ investment products, we find, consistent with our mod...

As a formal environmental regulation, tax is important for the green upgrading of industrial structure. In order to explore impact mechanism on corporate financial performance, this paper constructs difference-difference (DID) model with two-way fixed effects based data Chinese A-share manufacturing listed companies from 2015 2019. We have found that taxes contribute directly and significantly ...

I evaluate the role of China’s privatization of the economy in weakening the effects of the birth control policy, known as the one-child policy in the West, during the last three decades. State-owned enterprises or other state-owned organizations (SOEs) imposes more control over individual choices and hence represents increased state capacity (Acemoglu et al., 2015). The baseline OLS regression...

This study explores the differences in pollution control performance of industries with different types of ownership – State owned (SOE), collectively or community owned (COE), and privately owned (POE). A theoretic analysis is conducted and followed by an empirical assessment with Chinese data. The empirical results show that the COEs in China have better environmental performances in water po...

Earnings management refers to a company’s use of either accounting techniques (accrual-based earnings management) or real economic activities (real manipulate reported and mislead users financial information. It often indicates serious ethical issues in management, which will affect the reliability sustainability firm’s services supply chain. Using A-share listed Chinese firms on Shanghai Shenz...

Abstract State-owned enterprises (SOEs) retain a strong presence in many economies around the world. How do governments manage these firms given their dual economic and political nature? Many states use authority over executive appointments as key means of governing SOEs. We analyze nature this “personnel power” by assessing patterns SOE leaders’ mobility China, country with largest state-owned...

The purpose of this Article is to examine the corporate governance of state-owned enterprises (SOEs) in the Asian context by empirically surveying the influence of Temasek Holdings, Singapore’s sovereign wealth fund, on its portfolio of government-linked companies in Singapore. Overall, the Temasek model seems to be a promising one. This Article shows that the top listed government-linked compa...

Climate for technical innovation has been improving in the past few years in China. This Paper describes a case research related to technical innovation in three Chinese state-owned enterprises (SOEs) in the manufacturing industry, by applying a Western technical audit tool. The data and findings reveal that the investigated Chinese SOEs have already some mechanisms for innovation in place but ...