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...

Extensive government control over industrial and service sectors show it could not overcome the increasing misuse of public resources, raisins debts, lack of improvement in operation efficiency and mismanagement. Numerous productivity programs could be a key to improve performances. In present article a case of productivity program in one of State Owned Enterprises (SOEs) namely Isfahan Steel M...

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...

China's enterprise reform has resulted in large-scale layoff of workers from state and collective owned enterprises. Mainstream Chinese economists argue that many of the workers in these enterprises are " disguisedly unemployed " and have to be laid off to achieve better economic performance. In this paper, I argue that the productivity of state and collective owned enterprises to a large exten...

The extant literature has shown the impact of demographic characteristics such as gender audit committee members on earnings management but ignored importance board room's age diversity. Going beyond prior literature, our study aims to examine how diversity financial experts (ACFEs) influences reporting quality Chinese non-financial firms. We found a negative relationship between ACFEs' and ear...

Abstract The political connection between the state and firms in context of China's corporate restructuring has been little explored. Using clientelist framework unpacking incentives both state, we analyse connections as repeated patron–client exchanges where politically connected can help fulfil its revenue imperative, serving a failsafe for local authorities to ensure that upper-level tax quo...

After two decades of research on Emerging Market Multinational Enterprises (EMNE), the debate still concerns antecedents and strategies their foreign expansion. However, much less has been said effects international participation productivity. Building insights from Resource-Based View firm agency theory, we develop hypotheses presence complementarities among export, import R&D impact Our empir...

This paper studies the effect of state-owned enterprises (SOEs) on dynamics Chinese urban labor market. Using longitudinally matched monthly panel data, we document very low force in state sector, which leads to a high long-term unemployment rate. We develop and estimate an equilibrium search matching model with three differences between non-state sectors: productivity, adjustment cost, workers...

This research seeks to determine whether politically connected independent directors (PCIDs) have a substantial effect in lowering the cost of debt (CoD). Therefore, aims explain relationship between political ties and debt, state ownership debt. In addition, we analyze influence corporate on connection. To illustrate this, empirically study panel data which was separated into two periods (2011...