The development of a telecommunications infrastructure is underway in both the developing and developed nations. The challenges of the development of a national telecommunications infrastructure for developing economies differ significantly from the developed economies. This study provides an analysis of the telecommunications infrastructure development process in Thailand. It does this by exam...

Innovation ability has become an important factor affecting the global competitiveness and sustainable development of state-owned enterprises (SOEs) in China, particularly during COVID-19 period. This study examined association between heterogeneous shareholders SOE innovation, addition to moderating impact corporate governance characteristics pandemic on this association. Using data from Chine...

The future of China’s energy industry will include market-oriented reforms. Property rights are a fundamental right in a market economy, and the protection of property rights is a cornerstone of a market economy. The definition and protection of the energy industry’s property rights include the precondition that any enterprise, including various State-owned enterprises (“SOEs”), the three major...

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...

Abstract China began implementing market-based economic dispatch through power sector reform in 2015, but the has encountered some political and challenges. Here we identify reform’s efficiency changes explore influences of market-driven politically driven mechanisms behind them. We do this a cost-minimizing model integrating high-frequency data southern China. find that transition improves ove...

State-owned enterprises (SOEs) play an important role in China. During the transformation from a planned to market economy, plenty of Chinese SOEs fell into trouble. Dalian machine tool group (DMTG) who was once leading enterprise industry bankrupted 2017. To explore causes its collapse, we employ interpretative structural model (ISM) investigate reasons for failures multi-aspect and at differe...

This study explores the relationship between corporate bribery cost and revenue dependence on contracts from state-owned enterprises (SOEs) in Vietnam, a country with high level of corruption dominant public sector. Using multiple fixed effect estimator entropy balancing technique, our empirical results suggest that firms depend SOEs government must bear higher relative to their counterparts. A...