Abstract How do politicians distribute government resources in regimes with no electoral considerations? We propose that new minimize political risks by favoring politically important actors: state-owned enterprises (SOEs), but they adjust their behavior as establish personal ties private businesses. Using firm-level subsidies data after the 2008 stimulus China, we find provincial governors, im...

Although there have been numerous studies on environment, society, and governance (ESG), its impact firm export has not often examined. In this paper, we use the panel data of Chinese listed firms a newly constructed ESG index to estimate intensity. We further test likely channels through which can affect intensity, including innovation channel financing constraints channel. The findings show t...

Abstract Faultlines can affect a board of director’s effectiveness in supervising senior managers, which turn affects the value company’s cash holdings. Based on sample data from Chinese A-share listed companies 2004 to 2016, we examine relationship between faultlines and The empirical results indicate that have significant inhibitory effect holding value. This is stronger for resulting deep-le...

This paper investigates how government corruption shapes state-owned enterprises' (SOEs) privatization. To establish causality, we exploit a natural experiment (i.e., the investigations of Central Commission for Discipline Inspection) to document that SOEs significantly deepen privatization after crackdown on corruption. Further evidence demonstrates two plausible mechanisms driving our finding...

The main objective of this research is to analyze the performance audit committee, internal audit, and religiosity manager on implementation good corporate governance (GCG) its implication for fraud. study was conducted at State-owned enterprises (SOEs) in Indonesia. population all SOEs Indonesia, number samples 89 (based Slovin formula). sampling method used a simple random technique. data obt...

How does the COVID-19 affect SMEs’ financing in emerging markets? In this paper, we investigate impact of COVID-induced shock on Chinese line credit (LOC) using deal-level data. As Hubei province was mostly affected, employ a difference-in-differences approach with propensity score matching (PSM-DID) and compare responses before after outbreak relative to those non-Hubei SMEs. Our results sugge...

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...

As a topic of interest, the quality Carbon Accounting Information Disclosure (CAID) provides necessary support to enhance sustainability and investment in Research Development (R&D). Does improving CAID have an impact on R&D investment? enterprises play moderating role These are questions that deserve attention discussion. This paper extracted 1407 samples from China’s markets 2019–2021...

We investigate the association between business strategy and firm-level tournament incentives in China find that is associated with positively. further this positive relationship manifests itself local, but not central, state-owned enterprises (SOEs). In addition, we also offer some evidence foreign institutional investors play a moderating role on incentives. Our study fills gap existing liter...

Abstract Financial accountability is a major issue for State-owned Enterprises (SOEs) especially because of the large amount public resources invested in them and social relevance their performance. In awareness that interest increasingly pursued abstract arenas, investigation accounting should be anchored to conceptual rather than contextual spaces. Building on dimensional concept publicness, ...