This paper explores the role of political connections in mergers and acquisitions (M&A) by examining stock market performance short-run announcement period long-run post-merger Chinese M&A from 1998 to 2017. We further examine whether corporate governance mechanisms nature ownership may determine extent which impact on outcome. The results show that connection has a positive significant firm fo...

The purpose of this research is to empirically investigate the effect internationalization on environmental, social, and governance (ESG) performance Chinese state-owned enterprises (SOEs) non-SOEs. study employed an updated panel dataset (6238 firm-year observations) multinationals from period 2010–2019. initial findings reveal that perform better in terms environmental scores. It suggests int...

Using proprietary individual level loan data, this paper explores the economic consequences of 2009 bank entry deregulation in China. Such leads to higher screening standards, lower interest rates, and delinquency rates for corporate loans from entrant banks. Consequently, deregulated cities, private firms with credit access increase asset investments, employment, net income, ROA. In contrast, ...

In the aftermath of Global and Financial Crisis, between 2013 2015, Portuguese government revoked four holidays for both public sector private employees. We test whether revocation had an effect on labour productivity in state-owned enterprises (SOEs) Portugal. Moreover, we also study such effects are different taking into account SOEs managed by Central Government or Local Regional Governments...

The implementation of good governance and attention to resources will affect company survival. purpose this study was examine the effect corporate intellectual capital on financial performance value through statistical econometrical tests SOEs in Indonesia. This is quantitative research with state-owned enterprises (SOEs) listed Indonesia Stock Exchange. total population 16 SOEs. used a saturat...

Abstract State-Owned Enterprise (SOEs) are business entities owned by governments. Unlike private enterprises which operate on profit-motivation, SOEs often act motives different from profit-making such as fulfilment of governmental or political purposes. Due to this peculiar feature, activities sometime disruptive competitive market. In order regulate so that international market would not be ...

We study how ownership affects productivity in the context of China's privatization state-owned enterprises (SOEs). Its true impact remains unclear and controversial, partly because government selectively privatized or liquidated nonperforming SOEs. To address this selection problem, we augment Gandhi–Navarro–Rivers nonparametric production function to incorporate endogenous changes. Results su...

In Cameroon’s state-owned enterprises (SOEs), a number of managers have succeeded in maintaining their positions as the head corporation, paradoxically with disappointing results. Based on this unorthodox practice, study strives to understand and explain strategic levers used by these maintain at top company, based 12 cases SOEs. The results corroborate existing knowledge make it possible ident...

State-owned enterprises (SOEs) are the leading force in national economy. The main goal of mixed-ownership reform is to enhance SOEs’ independent innovation capability, thereby bringing high-quality development Based on baseline regression and mediation effect model, this study explores impact exploratory SOEs from ownership structure adjustment control rights allocation. results show that dive...

In spite of rapid economic growth and swift structural change during the last two decades, China’s industrial reform is far from complete, especially with regard to state enterprises (SOEs). Although troubled with huge financial losses, heavy debt, and substantial over-staffing, SOEs will continue to play a crucial part in the government policy to maintain social stability and economic growth i...