This paper provides an empirical analysis of corporate governance (CG) efficiencies among Chinese listed companies (CLCs) under different types of ownership. Employing the data of over 700 CLCs in 2006, this study looks specifically into the effects of separation of controlling and residual claim rights upon CG (specifically management turnover) and firm performance under different shareholding...

The views expressed in this paper are those of the author and do not necessarily reflect the views of the Arab Monetary Fund. Abstract While it is well documented that privatization leads to an improvement in the performance of state-owned enterprises (SOEs) following divestiture, it is argued that many of these studies do not consider the performance of control firms of similar pre-privatizati...

This useful book surveys state-owned enterprises (SOEs) across six contrasting Asian countries. It begins by providing a framework for understanding the role, performance and reform of SOEs in Asia...

We show that 70% of Chinese listed companies are ultimately controlled by government agencies, thereby indicating that state ownership remains widespread in China’s stock markets. Three questions are considered that are related to government control structures and their impact on firm value: (1) how do government agencies maintain their control of listed companies; (2) what are the impacts of d...

This study investigates the effect of banks’ dual holding on bank lending and firms’ investment decisions using a sample of listed firms in China. We find that dual holding leads to easier access to bank loans, a result that is more pronounced for non-state-owned enterprises (non-SOEs) than SOEs. We also find that dual holding distorts banks’ lending decisions and harms the investment efficienc...

This dissertation studies three topics in modern Chinese economic development. The problems tackled include the determinants of city size distribution and economy growth, the impact of privatization of the state-owned enterprises (SOEs), and the relationship between executive compensation and …rm-level risk. Chapter 1 documents the emergence of Zipf’s law in China, using a new database containi...

Based on data of state-owned enterprises listed the Shanghai and Shenzhen Stock Exchange from 2007 to 2018, this study examines how mixed-ownership reform affects deleveraging behaviour (hereafter, SOEs). We find that higher degree equity balance between shareholders non-state-owned SOEs, more inclined they are choose deleverage. As for methods deleveraging, retained earnings current debt repay...

Abstract The paper pursues a mixed methods approach of conducting both quantitative and qualitative content analysis corporate social responsibility (CSR) reports in two types Chinese companies: State-owned (SOE) non-state-owned (non-SOE) enterprises. Quantitative revealed overall homogeneity CSR reporting among SOEs non-SOEs China, which can be explained by coercive isomorphism on national sca...