The difference in wages between executives and employees reflects the class conflict corporate governance. To investigate political factors within practice of governance related to employees, this paper empirically tests relationship among connections, ownership within-firm pay gaps. We take A-share listed companies on Shanghai Shenzhen Stock Exchange as example, design hypothesis examine effec...

Technical efficiency (TE) and total factor productivity (TFP) are important criteria to ensure the enhancement of quality state-owned enterprises (SOEs) function as indicators assess their accomplishments. The purpose this study is explore whether SOEs higher or lower than that private enterprises. Transcendental logarithmic production stochastic frontier analysis (SFA) used TE TFP listed centr...

We document that publicly listed Chinese state-owned enterprises (SOEs) are less productive and profitable than firms in which the state has no ownership stake. In particular, SOEs more capital intensive have a lower average product of non-SOEs. These productivity differences increased between 2002 2009, remain sizeable 2019. Using heterogeneous firm model resource misallocation, we find there ...

We investigate the impact and mechanism of industrial policy on corporate investment efficiency. Using micro-level data A-share listed firms China’s stock market from 2001–2020, we examine whether policies have different effects state-owned enterprises (SOEs) non-state-owned (non-SOEs). Moreover, identify specific followers to further illustrate The empirical results show that promote investmen...

China's agricultural sector was the first to experience significant success from reform, but initial reform efforts in the late 1970s were directed at state-owned enterprises (SOEs). In 1978, when farmers started to experiment-secretly and illegally-with the now famous household responsibility system (HRS) in several villages in Anhui province, the government was already introducing the first s...

The mixed ownership reform aims to improve the property rights structure of state−owned enterprises (SOEs) and reduce agency costs, current strategies mainly include equity blending by introducing external non−state capital, executive assignments, employee stock ownership. In this paper, 953 valid data A−shares listed in Shanghai Shenzhen from 2008 2020 are used as samples construct indicators ...

This paper relates China’s current account surplus, as well as productivity differential between state-owned (SOEs) and privately-owned enterprises (POEs), to differences in access to finance. I consider an open-economy DSGE model of the Chinese economy with two productive sectors. I model SOEs and POEs as start-ups which need to borrow in order to begin production. Following a policy-induced a...

This study uses the introduction of Green Credit Guidelines in 2012 as a quasi-natural experiment. We selected Chinese A-share listed enterprises from 2004 to 2020 sample and applied PSM-DID examine impact green credit policy on performance construction energy-saving enterprises. The revealed that: 1) has significant contribution In addition, it still holds after robustness tests (replacing PSM...

This paper investigates the link between inward FDI and innovation activity in China, using a very comprehensive and recent firm level database. We pay particular attention to the impact of domestic access to finance. Our results show that firms with foreign capital participation or those with good access to domestic bank loans innovate more than others do. We also find that inward FDI at the s...