I ndonesia’s economic policies began to become much more market oriented during the 1980s. Various policy reforms were implemented, notably in the field of international trade (Fane and Condon, 1996). In addition, there came to be a new emphasis on privatisation, although this was nearly all talk and no action (Hill, 2000:103-5). In 1989 the then Finance Minister announced that 52 state-owned e...

This paper presents theoretical analysis of how career concerns and shareholder monitoring affect chief executive officer (CEO) agency costs. We investigate investment efficiency prior to CEO retirement based on a sample of Chinese state-owned enterprises (SOEs) during the 1999–2007 period and find that there is a significant decline in investment efficiency prior to CEO retirement, relative to...

The agglomeration of innovation determinants has a significant influence on the innovation performance of industries and enterprises. Such an effect has received less attention in empirical research studies. This study involves a survey of the agglomeration effect of two important innovation determinants, R&D investment and R&D personnel, and its influence on innovation performance from the per...

The literature emphasizes the crucial role of state-owned enterprises (SOEs) in fostering economic growth and addressing public demands. However, ensuring sustainable development SOEs requires further research to investigate project management with a focus on value creation. Accordingly, authors conducted case study prominent real estate SOE China examine how can alter their practices achieve m...

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 ...

Introduction/background In recent months there has been heated debates on Zambia's economic governance especially as it relates to prudent fiscal management. Being a heavily donor dependent country with over 40% of its national budget supported by external resources, Zambia has had no choice but to abide by the Post-Washington consensus—a new economic doctrine supported by our external financie...

Privatization shifts ownership and control of public assets to private investors. Many governments use it as an important means to invigorate their state-owned enterprises (SOEs). However, it is not clear how changes in government ownership affect firm performance. Some economists argue that, in competitive markets without significant externalities, government ownership is inferior to private o...

Using firm-level data from Changzhou, one of the representative prefectural cities in the Yangzi River Delta in China, we investigate the performances of both internal and external R&D in high-tech firms. We find that, on average, high-tech firms with more internal R&D expenditure apply for more patents in terms of both the total number of patents and the number of invention patents. Internal R...

CEO incentive contracts are commonplace in China but their incidence varies significantly across Chinese cities. We show that city and provincial policy experiments help explain this variance. We examine the role of two policy experiments: the use of Special Economic Zones (SEZs) to attract foreign direct investment (FDI), and the rate at which state owned enterprises (SOEs) were privatised. CE...

Introduction/Main Objectives: This research aims to empirically show the positive influence of board directors' characteristics on company performance, proxied by female directors, political connections, economic and/or business educational backgrounds, and education levels. Background Problems: Essential are required produce quality strategies because they directly affect performance SOEs, Reg...